3.86% 3 year discounted rate for Expats - XD0043

All applicants

• ID documents if the electronic check we carry out on all our applicants fails
• Three full months most recent consecutive bank statements for all current accounts, to evidence all income and outgoings
• Bank statements must show the applicant's name, account number, sort code & bank logo

Property or investment income applicant

• Two years most recent SA302s

Employed applicant

• Three months most recent payslips
• Most recent P60

Self employed applicant

• Two years most recent accounts or two years most recent SA302s / Tax Calculations (100% Completed) or FBS Accountants Certificate
• Accountant’s details on the application form

Applicant is already retired or if the term goes beyond retirement or age 70

• Most recent Pension Statement or letter from Department for Work and Pensions
• Most recent annual Pension Statement
• Most recent P60

Applicant renting current home

• 12 months bank statements showing rent payments

Applicant already has a mortgage

• We require proof of mortgage payments. We carry out an electronic credit check on all applicants which usually confirms this. However if this fails, we will need proof. This can be provided from 12 months bank statements, the latest mortgage statements, or a combination. To speed up our underwriting, you can provide these on submission

Applicant has background BTL(s)

• Evidence of rent being paid in and mortgage being paid out (bank statements requested above may already cover this)

Applicants with purchase deposits

• Evidence of deposit in an account held by the applicant(s)
• For gifted deposits, we require evidence of the funds in a UK account and the giftors details (name, date of birth, relationship to applicants)

Standard fees

• *Application fee - £175 for purchase and remortgage + Valuation Fee. £125 for additional borrowing. No fee for product switch
• Valuation fee - Free for properties up to £500,000. For properties over £500,000 the standard valuation fee scale applies, less £330 discount
• **Product fee - £999 for loans up to £500,000. For loans above £500,000 0.3% of loan amount. No fee for additional borrowing or product switch

Procuration fees (gross fee paid)

• Directly authorised brokers submitting business to us directly - 0.40%, min £180.00
• Submitting a case via Mortgage Clubs - 0.42%, min £189.00 (Mortgage Clubs will deduct 0.02%)
• For additional borrowing and product switch fees and further fee information click here