MORTGAGE FACTFIND V1 Chester Partnership 14.09.15

MORTGAGE ‘FACTFIND’ v1 Chester Partnership 14.09.15

To get the most from our meeting

Preparing for our meeting will ensure you gain maximum value from the time we spend together.

Providing the personal details in this ‘fact find’ document will enable us to better concentrate on helping you identify & prioritise your mortgage.

Any questions you have regarding the relevance of us requesting this info will be answered at our meeting.

Client Name(s)
Fact Find Date
Instructions for use: - / Please complete those sections which have been ‘greyed’ out. Other information will be gathered when we meet.
Personal Details / Client 1 / Client 2
Title / Please SelectMrMrsMissMsDrProf.Rev.SirDameLadyLord / Please SelectMrMrsMissMsDrProf.Rev.SirDameLadyLord
First Name
Middle name(s)
Surname
Preferred name
Date of Birth / // / //
Gender / Please SelectMaleFemale / Please SelectMaleFemale
Marital Status / Please SelectMarried / Civil PartnershipSingleDivorcedSeparatedWidowedCo-habiting / Please SelectMarried / Civil PartnershipSingleDivorcedSeparatedWidowedCo-habiting
Smoker / Please SelectYesNo / Please SelectYesNo
Appointment Basis? / Please SelectFace to FaceTelephone / Please SelectFace to FaceTelephone
Role in Process? / Please SelectApplicantGuarantorOther / Please SelectApplicantGuarantorOther
Current Address / Client 1 / Client 2
House Number & Street
Town / City
County
Postcode
Residential status / Please SelectOwner Occupier with MortgageOwner Occupier without MortgagePrivate TenantCouncil TenantLiving with Friends or Family / Please SelectOwner Occupier with MortgageOwner Occupier without MortgagePrivate TenantCouncil TenantLiving with Friends or Family
Time at this address? / yrs / mths / yrs / mths
Address to be mortgaged / Client 1 / Client 2
Is the property to be mortgage different? / Please SelectYesNo / Please SelectYesNo
House Number & Street
Town / City
County
Postcode
Country
Residential status / Please SelectLandlord with MortgageLandlord without MortgageOwner Occupier with MortgageOwner Occupier without MortgagePrivate TenantCouncil TenantLiving with Friends or Family / Please SelectOwner Occupier with MortgageOwner Occupier without MortgagePrivate TenantCouncil TenantLiving with Friends or Family
Previous Address Details (If less than 3yrs in Current Address) / Client 1 / Client 2
House Number & Street
Town / City / County
Postcode
Occupancy Type / Please SelectOwner Occupier with MortgageOwner Occupier without MortgagePrivate TenantCouncil TenantLiving with Friends or Family / Please SelectOwner Occupier with MortgageOwner Occupier without MortgagePrivate TenantCouncil TenantLiving with Friends or Family
Date you moved in to your previous address? / // / //
How long did you live at your previous address? / yrs / mths / yrs / mths
Contact Details / Client 1 / Client 2
Preferred contact Method / Please SelectHomeWorkMobileEmailPostal Mail / Please SelectHomeWorkMobileEmailPostal Mail
Preferred Contact Time? / Please SelectAny timeDuring office hoursAfter 6pmBefore 9amAt the weekend / Please SelectAny timeDuring office hoursAfter 6pmBefore 9amAt the weekend
Home phone
Work Phone
Mobile phone
Email address

This section to be completed by adviser: -

Observed Meeting / No
Buyer Type / Please SelectHome OwnerFirst Time Buyer
Loan Purpose / Please SelectPurchaseRemortgageBuy-to-Let PurchaseBuy-to-Let RemortgageFurther AdvanceLTB2nd HomeSecuredOverseasBridging
Basis of advice? / Advice & Recommendation
Date SCDD given? / // / V1 14.08.15
Date Fact Find Completed / //

Client Requirements

Purchase via a special purchase scheme? / Please SelectYesNo
If Yes - Under which scheme purchasing / Please SelectShared OwnershipNewBuyHelp to Buy EquityHelp to Buy Guarantee
Purchase price of the property this loan is for? / £
What is the estimated value of the property? / £
What loan amount is required? / £
Total borrowing required? / £
Preferred repayment type? / Please SelectRepaymentInterest OnlyPart & Part
If Part and Part - Amount on interest only basis? / £
Loan to Value percentage / %
Term of loan? / yrs
Source and Value of Deposit / Savings (and how accrued)
Family Gift (how much and from whom)
Equity
Other
What Evidence has been produced?
Employment / Income / Client 1 / Client 2
Main Employment status / Please SelectEmployedSelf-employedDirectorUnemployedHousepersonRetired / Please SelectEmployedSelf-employedDirectorUnemployedHousepersonRetired
Preferred Retirement Age
If mortgage will extend into retirement
We will need to document a detailed explanation of continued affordability
National Insurance Number
Tax Reference Number
Employment / Client 1 / Client 2
Your employer's name
Employers Address Line 1
Employers Address Line 2
County
Postcode
Country
Employers Tel No.
Employment / Client 1 / Client 2
Your occupation / Please SelectProfessionalClericalSkilledManual / Please SelectProfessionalClericalSkilledManual
Job title
Basis of employment / Please SelectFull-timePart-time / Please SelectFull-timePart-time
Nature of business
Service / yrs / mths / yrs / mths
Main employment? / Please SelectYesNo / Please SelectYesNo
Income Details – state period i.e. annual / monthly / Client 1 / Client 2
Current Basic Income / £ / £
Regular overtime / £ / £
Guaranteed bonus / £ / £
Regular bonus / £ / £
Commission / £ / £
Allowances / £ / £

Please complete additional notes for other employed / self employed income

Self Employment / Client 1 / Client 2
Business name
What is the nature of your Business / Occupation?
Year Established
Partner or sole trader? / Please SelectPartnerSole Trader / Please SelectPartnerSole Trader
What % of the shares in this business do you own?
How long have you part /owned this business / yrs mths / yrs mths
Self Employment / Client 1 / Client 2
Share of net profit - latest period / £ / £
Ending on / // / //
Share of net profit - Previous period / £ / £
Ending on / // / //
Share of net profit - Previous period / £ / £
Ending on / // / //
SA302 HMRC confirmed Total Income / Please SelectYesNo / Please SelectYesNo
Any other Income? / Client 1 / Client 2
State Benefits / £ / £
Pension Income / £ / £
Rental Income / £ / £
Other Income (please state) / £ / £
Gross amount (per period) / £ / £

Adviser to complete: -

Any other information relating to client income?
Lender will require pay slips and bank statements to be consistent with figures provided.
Financial Commitments / Client 1 / Client 2
Do you have any mortgages? / Please SelectYesNo / Please SelectYesNo
If Yes - Owners of this account / Please SelectSingleJoint with Client 2Other / Please SelectSingleJoint with Client 1Other
Main mortgage for your present address? / Please SelectYesNo / Please SelectYesNo
Mortgage lender
Mortgage account number
Product type (i.e. fixed / variable) / Please SelectFixedTrackerDiscountCappedCollaredCapped & CollaredStandard Variable Rate / Please SelectFixedTrackerDiscountCappedCollaredCapped & CollaredStandard Variable Rate
Outstanding balance / £ / £
Repayment basis / Please SelectInterest OnlyRepaymentPart & Part / Please SelectInterest OnlyRepaymentPart & Part
Start date / // / //
Outstanding mortgage term / yrs / mths / yrs / mths
Current monthly payment / £ / £
Mortgage to be repaid? / Please SelectYesNo / Please SelectYesNo
If Yes - Do penalties apply to the mortgage? / Please SelectYesNo / Please SelectYesNo
If Yes - Penalty amount and expiry date / £ / // / £ / //
Other Financial Commitments / Client 1 / Client 2
Do you have any other financial commitments? / Please SelectYesNo / Please SelectYesNo
If Yes - Owners of this account / Please SelectSingleJoint with Client 2Other / Please SelectSingleJoint with Client 2Other
Type / Please SelectCredit CardPersonal LoanCar LoanHP AgreementStore CardOther / Please SelectCredit CardPersonal LoanCar LoanHP AgreementStore CardOther
Provider Name
Amount Outstanding / £ / £
Monthly Payment / £ / £
Interest Rate
Years/Months left / yrs / mths / yrs / mths
Commitment to be repaid? / Please SelectYesNo / Please SelectYesNo
If Yes - Do penalties apply? / Please SelectYesNo / Please SelectYesNo
If Yes - Penalty amount and expiry date / £ / // / £ / //
Other Financial Commitments / Client 1 / Client 2
Do you have any other financial commitments? / Please SelectYesNo / Please SelectYesNo
If Yes - Owners of this account / Please SelectSingleJoint with Client 2Other / Please SelectSingleJoint with Client 2Other
Type / Please SelectCredit CardPersonal LoanCar LoanHP AgreementStore CardOther / Please SelectCredit CardPersonal LoanCar LoanHP AgreementStore CardOther
Provider Name
Amount Outstanding / £ / £
Monthly Payment / £ / £
Interest Rate
Years/Months left / yrs / mths / yrs / mths
Commitment to be repaid? / Please SelectYesNo / Please SelectYesNo
If Yes - Do penalties apply? / Please SelectYesNo / Please SelectYesNo
If Yes - Penalty amount and expiry date / £ / // / £ / //

Please Provide Additional Amounts on Separate Notes Pages

Adviser to complete: -

Have all outstanding Financial Commitments been declared (even if the intention is to clear them before the mortgage)?
Are there any other Financial Commitments payments showing on the client’s bank statement that have not been declared?
Monthly Expenditure (annual expenses ÷ 12)
Rent / Shared Ownership / Service Charge / £
Council Tax / £
Utilities (Gas / Electricity / Oil / Solid Fuels / Water) / £
Phone / Internet / TV / Sky / Mobiles / TV License / Land Line / £
Housekeeping / Food / Toiletries / Groceries / Day to Day / £
Travel / Travel Insurance / Holidays / £
Childcare / £
Maintenance/Alimony / £
Motoring / Car Insurance / Fuel / Tax / Maintenance / £
Household Insurance / Appliance Insurance / B&C / £
Life / Protection Insurance / Dentist Plans / PMI / £
Regular Savings / Pensions / Deposits / £
Other Expenditure:
Memberships / Gym / £
Eating Out / Drinking / Smoking / Lottery / £
Birthdays / Christmas / £
Clothes / £
Pets / Pet Insurance / £
Hairdresser / Barbers / Beauty / £
Charity Donations / £
Other / £
Expenditure Deducted at Source by Employer / Client 1 / Client 2
Pension / £ / £
Private Medical Insurance / £ / £
Save as you Earn / £ / £
Charity / Fees / £ / £
CSA / £ / £
Other / £ / £
Total Monthly Expenditure / £

Adviser to complete: -

Has all expenditure been included in the above?
Is there any regular expenditure that has not been included in the affordability calculations?
Is there any expenditure on the client’s bank statement that has not been accounted for in the above expenditure summary?
Credit History / Client 1 / Client 2
Have you missed more than 2 consecutive Credit Card or Store Card Payments in the last 3 years? / Please SelectYesNo / Please SelectYesNo
Are you currently, or have you ever been, in arrears with your rent, mortgage payments or other loans? / Please SelectYesNo / Please SelectYesNo
Have you ever had a mortgage on a property which has been repossessed or voluntarily surrendered? / Please SelectYesNo / Please SelectYesNo
Have you ever been bankrupt? / Please SelectYesNo / Please SelectYesNo
Have you ever had a County Court Judgment (CCJ) against you? / Please SelectYesNo / Please SelectYesNo
Have you ever made arrangements with creditors (Individual Voluntary Agreement)? / Please SelectYesNo / Please SelectYesNo
Have you been declined a mortgage on any property in the last 5 years? / Please SelectYesNo / Please SelectYesNo
Adviser to complete
Additional details / anything else to be taken into account: -

Potential Changes – Lifestyle

Do you think that any of the following events listed are likely to happen? These events could affect your lifestyle, income or expenditure and may be an influence in deciding what is the best solution for your needs.

Potential Changes / Client 1 / Client 2
Do you anticipate any significant changes in income? / Please SelectYesNo / Please SelectYesNo
Change Type / Please SelectIncreaseDecrease / Please SelectIncreaseDecrease
How much? / £ / £
When? / // / //
Notes:
Do you anticipate any significant changes in expenditure? / Please SelectYesNo / Please SelectYesNo
Change Type / Please SelectIncreaseDecrease / Please SelectIncreaseDecrease
How much? / £ / £
When? / // / //
Notes:
Are you likely to receive a capital lump sum within the mortgage term? / Please SelectYesNo / Please SelectYesNo
How much? / £ / £
When? / // / //
Notes:
Potential Changes / Client 1 / Client 2
Do you expect to make regular overpayments? / Please SelectYesNo / Please SelectYesNo
How much? / £ / £
How often?
How long do you intend to stay in the property? / yrs / mths / yrs / mths

Your Requirements – Adviser to Complete

Requirements are those features that any mortgage must have in order to make it suitable for your needs.

Order of Priority (1 – 12)
Low payments in the early years
Assistance with fees
No early repayment charges
No extended early repayment charges
A cash lump sum at the outset of the loan
Ability to make regular overpayments
Ability to make lump sum payments
Take advantage of variations in interest rates
Stability of payments
Linked to Bank of England base rate
Ability to budget
Flexible payment arrangements
Notes / anything else to be taken into account: -

Additional Notes

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