Questions For Self Build

Applicant Details

Name

First NameLast Name

Name

First NameLast Name

Current Address

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code

Length of Time at Current address if less than 3 years please complete the old address as well below.

Old Address

Phone Number

Area CodePhone Number

Mobile Number

Area CodePhone Number

Email

example@example.com

DOB 1

DOB 2

Retirement Age 1

Retirement Age 2

Current Residential Status ie Home owner, with parents, renting or other

Marital Status

How many years do you want the mortgage for.

Do you want to repay the mortgage before you retire.

How do you plan to make the mortgage repayments if mortgage runs past retirement age.

Nationalities

Do You have/ both a Permant Right to Reside in the UK.

Do you have any financial dependants names and ages

Will there be any other Adult Occupiers over age 17 If so please provide names

New Build Details

Project Type. New Build. Renovation. Conversion. Knock Down and Rebuild. Other.

Planning Status: Full Planning, Outline Planning. No Planning. Please include a link to the local Planning Portal.

Date Of Planning Approval

Planning Site Location Address

House Type: Detached. Semi Detached. Terraced. Other.

Are there any Agricultural ties or restrictions. Conservation Area Section 106 etc.

Is the Property Listed

Is the Plot being purchased from a Multi Plot Development If yes Please give details

Title Deeds. Is there a seperate title or does the title need to be split.

Is there a legal charge against the property.

Does the site have clear access. If the site is up a track or lane who owns the track or lane. If access is shared Who has the right of way. Details

Is the site/ plot a gift from a family member. If it is, how far away from the main home is the New Build

What do you plan to use as your main structure: Timberframe, Block/Brick, Steel Frame, Straw Bales, Beco

Property Outerskin: Bricks, Render, Timber Clad, Other.

Roof Covering: Tile, Slate, Metal, Thatched, Sedum Fibreglass, Other.

What Percentage of the Roof will be flat.

Any Eco Features: Passive, Energy Efficient.

Size Of House Sq Metres

Describe the House you are planning to build.

Size Of Plot, Metres Sq or Acreage

Number of Bedrooms

Number of Bathrooms

Number of Living Rooms

Garage or Onsite or Offsite Parking.

Do You already own the Site.

Price or Estimated Value of Site/Plot

Have you Existing Finance Secured on The Site/Property.

How Much Do You Wish to Borrow.

What are the Estimated Build Costs

Estimate Finished Value

How much Cash Deposit Do You Have

Is the Deposit from Current Site value, Savings, Investments, gifts or a combination

Have you received any Finance Quotes, If so provide details.

Anticipated Purchase Date of Property/ Land if not already owned

Have you started Your Build If so Where have you got to.

Anticipated Start Date.

Anticipated Completition Date.

What Plans Do you Have For your Current Property.

Where will you live during the build.

Will the First Stage Payment of Funds be after the build commences or before.

Do You want a traditional Arrears based on value of build or Advanced Stage payments, based on Costs of the Project.

Builders Details and Email Address If you are using Family and Friends provide details.

You will need Site Insurance and a Warranty Insurance Do you want a Quote

Architechs Details and Email Address.

Will you complete any of the construction yourself ? Please detail if this will impact income:

Please Provide Details

Key Information about Your Mortgage Needs and Preferences

Preferred Mortgage Scheme

Fixed, Variable, Tracker, or One that matches your Self Build needs.

Why did you choose your previous mortgage/what would you like to achieve with your new mortgage? Please record your client’s answers in the box below, including any future plans to move/buy additional properties.

Details

What type of mortgage product would you like and why? How long would you like the product to last and why? Please note client preferences/attitude to risk in the box below.

Details

Do you require an interest only mortgage rather than a repayment mortgage? If so, why? Please record along with ongoing repayment vehicle details and strategy below.

Please bear in mind Self Build Mortgages are interest only while the build is ongoing, at completition the mortgage will become a repayment mortgage.

Details

Will your new mortgage term take you past your state pension age? If yes, what is the reasoning for the term. Is it feasible for you to remain in employment until your stated retirement age? Please record all discussion around this area.

Details

Do you require any additional features and why? Please note preferences on free valuations/legals/cashbacks/linked or offset accounts - overpayments above standard.

Details

Would you prefer to add fees or pay them separately? Please explain why in the box below. Are you aware that this will accrue additional interest over the term of your mortgage?

Details

If the client is planning on redeeming a mortgage with an ERC or consolidating debt, please record the reasons discussed in the box below and whether you have advised any form of debt counselling.

Details

Do you have any savings or assets - please list details and purpose below eg rainy day fund/wedding/university fund for children

Details

Are you concerned about the possibility of future interest rates going up?

If no, how would you cope if their mortgage payments increased?

Details If yes. How would you cope.

What is more important to the customer, benefiting from lower interest rates currently to keep payments as low as possible initially or having peace of mind of payments not going up

Details

Document why either a fixed, variable or tracker rate is important to you

Details

Length Of Mortgage Scheme

How long do clients feel they need peace of mind for?

Not at all, just need mortgage to suit build requirements or 1 year 2 year 3 year 4 year 5 years plus. Detail.

Does length of scheme coincide with any of clients financial arrangements?

E.g. paying off other loans, expected promotion/pay rise etc.

Details Yes or No

Are clients happy to pay for future product fees e.g. if considering a shorter scheme term?

In all cases, detail customers reasons for term length/i.e. why is a particular term important to the customer

Yes or No Detail

Client wants to pay off the mortgage as soon as possible as long as it is affordable?

Clients want the term to coincide with their existing mortgage if possible (if second charge)

Clients priority is to have maximum amount of disposable income and the cheapest possible monthly payment

Clients are happy to pay more in total over a longer term, to achieve a lower monthly repayment

Clients would like to keep the term as short as possible to minimise the total payable

Which of the Above suits you

Payment of Fees

How do you want to pay fees Add to loan, Pay upfront, Free valuation fee No booking fee Free legal fee Detail where applicable. Please bear in mind valuation fees and legal fees are not waived with Self Build Mortgages. Detail

Repayment Method

Does client want the certainty of their mortgage being repaid at the end of the term?

If No, Interest only maybe considered only where one or more of the following is answered yes:

If no- acceptance of risk

Details Yes or No Explain if No requested. If you require interest only explain how you would repay the mortgage at the end of the term. Do you intend to make regular deposits in to a savings or investment product. Please bear in mind there are no current interest only Self Build Mortgage Plans

Do you intend to make periodic repayment of capital from irregular sources of income (such as bonuses or some sources of income from e.g. self-employment)

Yes or No Detail if yes.

Do you have a plan for the sale of assets such a property buy to lets or current house or other land owned ?

Yes or No please detail if you have your current house for sale.

How soon do you require the funds please bear in mind it takes about 3 months to secure Self Build Funds.

Does you need flexibility to overpay without penalties? Offset, Cash Back Vary Payments Yes or No If yes please detail

If you are planning on selling your current home Is there an early repayment charge if so how much

Lending into Retirement

Do you want to ensure that the loan is paid off before your anticipated retirement age? Yes or No. detail

If the mortgage runs past normal retirement age. How do you propose to to clear the mortgage 1 Sell the house 2 Have pensions in place Please provide details.

Employment Details

Life 1 Occupation

Employment Type Full time, Part time, Zero Hour Fixed Term

Employers Name and Address

Life 2 Occupation

Employment Type Full Time. Part Time. Zero Hour

Employers Name and Address

Length Of Service in Years for both. If less than 3 months are either of you in a probationary peroid.

Basic Salary Life 1 / Annum

Basic Salary Life 2/ Annum

Overtime, Bouns. Second Job,

Buy To Let Income/ month

Business Owner / Self Employed / Contractor

Business Owner/ Self Employed What is the nature of your Business

Are You Ltd, Sole Trader/ LLP.

How long have you been trading.

What % do you own of the business

Net Profit last 3 years. year 1. year 2.year 3.

Is your live in partner involved in the business

Directors Salaries please INCLUDE Live in partners salary if paid through the business.

Directors Dividens Last 3 Years 1. Year 2. Year 3. ALSO Include Live in partners if Taken from the business

How much retained Profit is left in the business each year approxs will do. Business Accounts will be required later.

If you are a contractor please include 1 DAY RATE. 2 LENGTH OF CURRENT CONTRACT . 3 Explain what you do. Will the contract be renewed.

Last 3 years SA302s These will be required if Self Employed or Director

Accountant Details and Email Address

Other Income

Pension Income Per annum for each life.

Any other Income.

Can Income be verified. Please bear in mind all income used must be verified.

Total Net Income Per Month

Total Net Income Per Month Life One

Total Net Income Per Month Life Two

Assets & Liabilities

Do you currently have a residentail mortgage, Which lender is it with

What is the Balance / How many years left on mortgage.

How much do you pay each month. Is the mortgage Repayment or Interest Only.

What is the current value of your home.

What do you intend to do with the Current House after your Self Build is complete.

What Equity Do you have in your current house.

Do you have Investments, Bonds, Stock/shares / ISAs . Building Society Bank Deposits Please provide Details/ amounts. Do you propose to use the investments towards your self build

Liabilities

Current Unsecured Loan Balances.

All lenders

Monthly Payments/ How long left Years/ Months

Current Secured Loan Balances

Lenders

Monthly Payments. How Long Left Months/ Years

Car Finance / Lease HP Balances.

How long to Run Years/ Months

Credit Card Balances.

Credit Card Monthly Payments.

Will any of these CC,, Loans ,, HP be repaid before you apply for a Self Build Mortgage Provide Details.

Buy to Let Mortgage Balances

Lenders Names

Monthly Buy to Let Mortgage Commitments. per property

Buy to Let Property Values

Affordability

Please complete the following as accurately as you can.

It can be helpfull to have bank statements to hand when completing this

Home Rent / Mortgage Payments Month.

Total Credit Card Payments / month

Total Unsecured Loan payments /month

Total HP Payments / Month

Total Car Payments lease plans/ month

Annual Council Tax

Utilities: Gas, Electric Water / Month.

Life Insurance. Pensions. Private Medical, Savings Plan / Month.

Home Insurances / Month.

Life Style; Food, Living Expenses Perscriptions, TV Licence, Telephone landline broadband Sky. Details

Mobile Phones

Social / Entertainment /

Motoring Expenses, Road Tax Insurance Fuel Maintance etc/ Month..

Children Expenses CLUBS, TUTORS. SCHOOL FEES. School Meals/ Month

CHILD MAINTENCE PAYMENTS/ MONTH

Club Membership/ Golf /Gym ETC

Public Transport Expenses / MONTH

Ground Rent Expenses./PA

Student loan payments / Month

Any other monthly Expenses Not Covered Please List. and put in amounts

Please list any monthly payments that are likely to change Post Build ie Mortgage, Council Tax. Utilities etc

Total Monthly Expenditure. £

Net Disposable Income

Monthly Net Income - Total Monthly Expenditure.

Total Net Disposable Income

Future Changes to circumstance (Detail any known future changes to income, this could be e.g. a job contract coming to an end, retirement due end of a financial commitment new job and increase in salary etc.:

Please provide Details

General Questions

What Life Insurance cover do you currently have.... What Critical Illness Cover do you have

Do you want to cover the mortgage amount in the event you die or suffer a critical illness " Cancer, Stroke, Heart Attack etc before the mortgage is repaid.

Do you want to protect your income in the event you are unable to work due Incapacity

Do you or your partner smoke.

Credit History

Please provide details of any missed payments, arrears, a loan or mortgage refused, defaults or CCJs registered against applicants.

Have You or your Partner had any debt problems in the past 5 years.

Mortgage or Rent arrears either applicant details

Any use of pay day loans details both.

Any Defaults explain both

CCJS, Applicants How many, £ amounts. Satisfied. Date

Bankruptcy Either applicant If yes when discharged

IVA Either applicant. £ Amount , Date.

Previous Repossessions dates. £amounts

Are either applicant in a Debt Management Plan Details.

Have you and your partner made a will.

Please explain what you are planning to do, the more info the better. If you have started the work could you take some photos and email them to info@jamesblairandco.net so the lender can have an idea as to where you are at with your project.

Adviser Statement

I confirm that the information provided is an accurate reflection of my customer’s answers to the best of my knowledge. I also confirm that I have provided the applicants with a copy of my firm's Disclosure.

I confirm that I have reviewed and inspected the details contained within this fact find and that I am satisfied that the document has been completed correctly and in accordance with our Mortgage Advice Procedures. My signature below indicates that I take responsibility for the advice provided on this case.

Adviser Signature JAMES BLAIR

Date

Client Consent and Declaration

I aware that it is an offence to knowingly provide false misleading or inaccurate information when applying for a loan

I confirm that The Self Build Mortgage Shop has the authority to submit this form to Mortgage Lenders from the Whole of the Market and these Mortgage lenders can make enquiries to other third parties and may include credit reference agencies using the data that you have provided.

You give permission to check ID via Sanction Search.

I agree to Pay James Blair & Co T/A The Self Build Mortgage Shop £895 on receipt of a formal written offer from the Self Build Mortgage Lender.

The Self Build Mortgage Shop is the Trading Style of James Blair & Co is an Appointed Representative of Julian Harris Financial Consultants, authorised and regulated by the Financial Conduct Authority No. 153566

I/We confirm (a) receipt of the above documents and (b) that the details given in this form (including all details in the credit history section) are correct to the best of my/our knowledge. I/We understand that giving false information may jeopardize our mortgage and/or insurance application. I/We have read and understood the notes regarding credit searches. I/We hereby give the above advisor authority to act exclusively on our behalf in obtaining a suitable mortgage and/or insurance product from whichever lender/insurance provider they consider most appropriate. They have my/our authority to disclose personal details to a credit agency, the FCA or a lender (for the purpose of obtaining an Agreement in Principle). I/We understand that details of any credit search will be held by the credit reference agencies and seen by other lenders. If this is a joint application, the search will financially link us as joint associations. If I/we request information or quotes on other mortgage and/or insurance products then our information may be passed on to the relevant companies. They may act on my/our behalf as intermediaries or as brokers in connection with my/our purchase or remortgage.

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it

Data Protection

The information you have provided is subject to the Data Protection Act 1998. By signing this document you consent to us or any company associated with us processing, both manually and by electronic means, your personal data for the purposes of providing advice, administration and management. You may be assured that we and any company associated with us will treat all personal data as confidential and will not process it other than for a legitimate purposes. Subject to certain exceptions, you are entitled to have access to your personal data held by us. You may be charged a fee (subject to the statutory maximum) for supplying you with such data.

Date

By writting your name in the Box below You agree to all of the above. Please accept this as my signature 1 " Use the Mouse Cursor or Your Finger. "

Signature 2

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Questions For Self Build Mortgages.