X xxxxxxxxxxxxxxxxxxxxxxxx Buy to Let mortgage

XxxxxxxxxxxxxxxxxxxxxxxxxX

Buy to Let mortgage

To transfer an existing NRAM mortgage to a new Buy to Let property.

This application form is to be used for transferring an existing NRAM mortgage to a new Buy to Let property only.

To transfer an existing NRAM mortgage to a new Buy to Let property.

This application form is to be used for transferring an existing NRAM mortgage to a new Buy to Let property only.

In this application form, references to ‘we’, ‘us’ and ‘our’ are references to NRAM Limited and includes our successors or assigns.

Buy to Let mortgage application 1/36

BNA0152 V18Version: 10/21


Important customer information:

If you provide all the information we ask for it will speed up the application process – only when this form and your valuation/administration fees have been received by us, can we process your application

You may not have to answer all the sections in this form depending on your requirements or circumstances – we will be happy to advise you about this

Please use block capitals and black ink and initial any alterations you need to make

For joint mortgage applications you will need to complete both columns where necessary

If there are more than two applicants, they will need to complete an extra Buy to Let mortgage application form

If you need extra space you may use Part 6: Additional Information

Please note that it is an offence to knowingly give false, inaccurate or misleading information when applying for a mortgage. If you give such information, you may face criminal prosecution and/or civil action for the recovery of any losses we incur.

Alternative FormatIf you require correspondence in an alternative format, such as Braille, large print or audio, please call us on 0330 159 9610*. Lines are open 8:30am to 6:00pm weekdays. Alternatively please contact us via our web site at www.nram.co.uk/accessibility.

Second applicantFirst applicant

b Please give the account numbers

ResidentialMortgage Buy to LetUnsecured

Personal LoanResidentialMortgage Buy to LetUnsecured

Personal Loan

Account numbers (for existing customers only)

– –

– –

– –

– –

– –

– –

– –

– –

– –

– –


We aim to make it as easy as possible for you to transfer your existing mortgage to a new

property, so please read the following notes before you start. If you have any questions, our

staff will be pleased to help you. Our helpline number is 0330 159 9610* *Lines are open Monday to Friday 8:30am–6:00pm (excluding bank holidays). *Calls may be recorded for monitoring and training purposes. Charges for calling 03 numbers are the same as for calls made to standard UK landline phone numbers starting 01 or 02 and are also included in bundled minutes and unlimited call packages.

a Which accounts do you already have with NRAM Limited?

XxxxxxxxxxxxxxxxxxxxxxxxxX For Intermediary/Adviser use only

DateSignature Name

Position

Firm name and address

FaxTelephone Email

Post code

Your Panel ‘P’ number

Mortgage Club Reference

Principal’s/Network’s FCA ref. number (for standard mortgages if you are an Appointed Representative)

Firm’s FCA ref.number

Intermediary/Adviser Declaration

I understand that an Offer of Loan cannot be issued without this completed section.

Please note:

We reserve the right to seek additional information where we believe the lending risk needs further investigation and to carry out occupation and income reasonability checks on any case at application stage. We will, from time to time, seek retrospective confirmation of income for loan performance monitoring purposes. This is in accordance with FCA Best Practice guidelines. These checks will involve contacting employers, accountants or the Inland Revenue in some instances.

It is an offence to knowingly give false, inaccurate or misleading information when applying for a mortgage. If you give such information you may face criminal prosecution and/or civil action for recovery of any losses we incur.

Confirmation of identity

Please note, for face-to-face verification one piece of name ID and one piece of address ID is required. For non face-to-face verification,an additional piece of ID (either name or address) will also be required.

a Money Laundering: please confirm how you verified the applicant(s) identity

b Details verification: please confirm what documentation you have seen to confirm the identification of the applicant(s) Please note that a driving licence or state pension/benefits book may be used as evidence for address OR identity, but not both.

Documentation provided must be originals or true certified copies of an original document and signed by a member of a professional body, such as a solicitor or Accountant.

If ‘other’, please specify

Second applicant First applicant

Face-to-face NonFace-to-face Face-to-face Non

Face-to-face

Name verification:

Current signed passport or EEA Member State Identity Card

Name verification: Current UK/EEA photocard, or old style current UK full driving licence

Shotgun or firearms certificate

Inland Revenue tax notification

State pension or benefits book

Sub Contractors’ CertificatesCIS4 and CIS6

Other

Name verification:

Current signed passport or EEA Member State Identity Card

Name verification: Current UK/EEA photocard, or old style current UK full driving licence

Shotgun or firearms certificate

Inland Revenue tax notification


Sub Contractors’ CertificatesCIS4 and CIS6

Other

Address verification:

Most recent mortgage statement

Council Tax/Local rates bill

Bank/building society statement

Utility bill (not mobile phone)

Current UK/EEA photocard, or old style current UK full driving licence


Other

Address verification:

Most recent mortgage statement

Council Tax/Local rates bill

Bank/building society statement

Utility bill (not mobile phone)

Current UK/EEA photocard, or old style current UK full driving licence


Other

Before signing this Declaration, please check that a separate section of Part 5 has been fully completed for each Buy to Let mortgage/property:


Confirmation of identity: I confirm that I have verified the identity of the applicant(s) named in Part 1 of this form. I have included documents suggested by the anti-Money Laundering Guidelines as acceptable to verify identity and address. This is shown in question b.

I confirm that in submitting this application, I have read and agree to the terms & conditions of the NRAM Limited Intermediary Agreement (a copy of this has either been sent to you or can be provided on appointment).


/ / / /


Single DivorcedMarried

Widowed Co-habitingSeparated

Single DivorcedMarried

Widowed Co-habitingSeparated

About you (all applicants)

1 Your details

PMAM Evening

Home

Mobile

Preferred contact time:

Work

PMAM Evening

Home

Mobile

Preferred contact time:

Work

Postcode Postcode

As Firstapplicant

Male Female Male Female

1 Title / Surname e.g. Mr, Mrs, Miss, Ms, Dr, Rev, other

2 Your first name(s)

3 Date of Birth in six digits e.g. 06/09/75

4 Marital status

5 Nationality

6 Sex

7 Previous name(s), maiden name or any other name(s) by which you are known, or have been known within the last six years

8 Permanent address including postcode

9 Telephone numbers including STD codes

10 Email address

11 When did you move to your permanent address?

If less than 3 years ago: please tell us your previous address(es) over the last 3 years, and how long you lived there Give your most recent address first; if you need space for more than one previous address, please use Part 6: Additional Information

12 At your permanent address, are you: If ‘other’, please specify

13 Do you have a mortgage on this property?

/ / / /

Owneroccupier

Other

Tenant Living withfamily/friends

Owneroccupier

Other

Tenant Living withfamily/friends

NoYes NoYes

14 Name and address of mortgage lender

15 Mortgage account/reference number


Questions 14 to 20 are only applicable if you already have any residential (not including Buy to Let) mortgage(s)If you have more than one residential mortgage, please give the same details in Part 6: Additional Information

Postcode Postcode

Postcode

From: / / To: / /

Postcode

From: / / To: / /

As Firstapplicant

As Firstapplicant



16 Outstanding balance on mortgage

17 What is the current value of the property?

18 How much are the existing monthly payments?

19 Do you intend to repay all of this mortgage before completing on the new Buy to Let property(ies)?

20 Do you intend to sell the property on which this mortgage is secured before completing on the new Buy to Let property(ies)?

If Yes: what is the proposedselling price?

If No: how will the property be used?


1 (continued)

pm£

£

£

pm£

£

£

NoYes

NoYes

NoYes

NoYes

£ £

2 Your credit history and existing Buy to Let mortgage(s) with us


1 Have you ever had a County Court Judgment or any other Court Order for non-payment of a debt made against you?

If Yes: please give the date(s), the amount(s) involved and tell us whether the Judgment/order was satisfied

2 Have you or your spouse ever incurred mortgage, rent or loan (including credit card) arrears, been refused a mortgage or credit, been declared bankrupt, entered into any arrangements with creditors, or been party to a mortgage where the property has been taken into possession on either a voluntary or enforced basis?

If Yes: please give details including dates, lender(s) and the circumstances of the default or loan refusal

NoYes NoYes

NoYes NoYes



XxxxxxxxxxxxxxxxxxxxxxxxxX2 (continued)

Please note we may also require at a later date, information about any Buy to Let mortgages that you have with other lenders.

3 For either applicant, where applicable: please give details of all existing Buy to Let mortgages that you have with us and indicate whether each mortgage will be repaid at the time of, or before this existing Buy to Let mortgage(s) is transferred to a new Buy to Let property.

If the mortgage is also in the name ofa borrower who is not an applicant,please give their full name. If you needspace for more Buy to Let mortgageswith us please use Part 6: AdditionalInformation

First applicant OtherSecond applicant

Account No.

Borrower(s)

Repaid before newmortgage(s) starts? Yes No

Firstapplicant NoYes Second

applicant NoYes

–


Account No.

Borrower(s)

Repaid before newmortgage(s) starts? Yes No–


Account No.

Borrower(s)



Account No.

Borrower(s)



Account No.

Borrower(s)



Account No.

Borrower(s)



Account No.

Borrower(s)



Account No.

Borrower(s)



Account No.

Borrower(s)



Account No.

Borrower(s)


Your employment details (all applicants)

3 Your occupation and income details (only applicable to employees [including company Directors/Partners])


If you hold 20% or more of the shares in the company that you work for, you must also complete Part 4.

1 What is your employment status? If you are a Director or Partner, please tell us what percentage shareholding you have

If Retired, please now go straight to Part 3: Question 19

2 What is your occupation?

3 Employer’s name and address

4 Nature of employer’s business

Postcode Postcode

Employed Selfemployed Retired

Director/Partner with a shareholding of %

Employed Selfemployed Retired

Director/Partner with a shareholding of %




NoYes

NoYes NoYes

NoYes NoYes

Tax office name

Tax reference number

Tax office name

Tax reference number

Full time Part time Full time Part time

/ / / /

pa£

pa£

pa£

pa£

5 Employer’s telephone number including STD code

6 Is this employment permanent? If No: please tell us the date that the employment period will end

7 If your employment is on a contract basis, will your contract be renewed?

If No: please give details

8 If your employment is not permanent, is it on a probationary basis?

9 Is the work:

10 When did you start working at this company?

11 What is your works/payroll/employee staff number?

12 Your Tax details which can be found on any of your correspondence from the Inland Revenue

13 What is your gross annual salary? (before tax)

14 How much guaranteed gross overtime do you get per year? (before tax)

15 How much regular gross overtime do you get per year? (before tax)

16 How much guaranteed gross bonus and commission do you get per year? (before tax)

17 What is your net average total monthly income? (after tax)

18 If you receive any other regular income, please give the gross amount you receive per year and the source of the income e.g. from a second job, pension, property, investment income

19 What is your anticipated retirement age (if applicable)?


3 (continued)

pm£

pa£

pa£

pa£

pa£

pm£

pa£

pa£

pa£

pa£

years years

/ /

NoYes

/ /

If Yes: please give details


4

Sole trading Partnership Limited company Sole trading Partnership Limited

company

First application Second application

Postcode Postcode

Telephone Telephone

Limited company registered number

Limited company registered number

VAT registered number

VAT registered number

Financial year end date / / Financial year end date / /

/ / / /

£ pa Year ending: 2 0 £ pa Year ending: 2 0



£ pa

£ pa

£ pa

£ pa

Postcode Postcode

Telephone Telephone

years years

Your self-employed income details (only applicable to self-employed and Directors with a shareholding of 20% or more)


If you hold 20% or more of the shares in the company that you work for, you must also have completed Part 3.

1 Company name, address and contact details

2 Nature of business

3 On what basis do you trade? If Limited company: please give details

4 Date business started

5 National Insurance number

6 Your Tax details which can be found on any of your correspondence from the Inland Revenue

7 What is your share of the company’s net taxable profit for the last three tax/trading years? Please also enter which tax year each amount refers to

8 If you receive a salary in addition to your share of the net taxable profit, how much do you get:

a) gross per year? (before tax)

b) net per month? (after tax)

9 If you receive any other regular income, please give the gross amount you receive per year and the source of the income e.g. from a second job, pension, property, investment income

10 Company Accountant’s name, address and contact details

11 What is your anticipated retirement age?


1 Have you already been given a Decision in Principle? If Yes: please also give the reference number

5 About the new Buy to Let mortgage loan(s) and the property(ies) to be mortgaged

Individual details are required for each Buy to Let mortgage/property that you are applying for. Part 5 allows you to apply for up to five mortgages – please complete a separate section of Part 5 for each mortgage you require. If you are applying for more, please refer to us or your Adviser.

Your Buy to Let mortgage loan requirements and repayment details

5.1) Buy to Let mortgage/property 1

Ref No.

RemortgageNew purchase

Question 8 is only applicable if your mortgage is to be arranged on an ‘interest only’ or ‘part interest only’ basis

NoYes

£

years

3 Total amount of mortgage loan required on this property

4 Mortgage term/repayment period in years

5 If this is a new purchase, what is your intended completion date (date of entry if in Scotland)? We will make every effort to allow you to meet this date, but can’t guarantee it

6 Have you applied in the last six months to any other lender for a mortgage on this or any other property?


7 Which repayment method have you chosen? Tick one only

If part repayment/’part interest only’: please tell us how this is to be apportioned

/ /

Lender

Outcome

NoYes

All repayment (capital & interest) All ‘interest only’ Part repayment/

‘part interest only’

Repayment £ ‘Interest only’ £

2 Is this a new purchase or a remortgage?

Please note, if your new mortgage is arranged on an ‘interest only’ or ‘part interest only’ basis, the monthly payments during the mortgage term due to us on the ‘interest only’ portion of the mortgage, will generally cover interest only and will not repay any part of the loan amount. It is your responsibility to make sure that you put in place, maintain and regularly monitor the ‘repayment strategy’ (investment plan and or endowment policy) which is expected to provide a lump sum sufficient to repay the loan amount (including all the capital still owing on the ‘interest only’ portion) at the end of the mortgage term.

At the end of the term the loan amount (including all the capital still owing on the ‘interest only’ portion) will remain owing to us, and should any product intended to repay the loan amount not perform as you currently expect it to, you will then have to find an alternative means of repaying the shortfall. We suggest that you take advice from a Financial Adviser regarding this important aspect of your commitment to the new mortgage application.



Investment plan

Endowment policy

Plan type

Name of provider

Value/anticipated value £

Regular monthly payment £

Expected maturity date/payout date(or frequency if remuneration bonus)

Plan type

Name of provider




Whilst it is not a condition of this loan that you take out life cover, we recommend that any such policy is in force when this loan starts (or on exchange of contracts where you are buying a property) and that you maintain it for so long as you consider it is needed.

You will be responsible for ensuring that any contractual documentation (life policies or contract notes etc) is kept in a safe place.

8 What type of repayment strategy are you using to repay the ‘interest only’ or ‘part interest only’ element of this mortgage? For investment plans and endowment policies: please give details of each plan in the boxes opposite If you need space for more plans, please use Part 6: Additional Information

For ‘other’: please give full details below

Please note, if details are not complete, we will ask you again for the information, which may lead to a delay in the production of the Offer of Loan. We will take into account the payments you must make to maintain these products in assessing whether you can afford this mortgage and you must provide us with the information requested

5.1 (continued)

9 Property purchase price

10 Deposit amount

11 What is the source of the deposit? e.g. own personal savings, inheritance, sale of present home, gift

12 Is it a former or current Local Authority, Northern Ireland Housing Executive, Ministry of Defence or Housing Association property?

If Yes and it is ‘current’: what is the Right to Buy valuation?

£

£

Questions 9 to 12 are only applicable if the property is a new purchase

£

No Yes (former) Yes (current)

13 Original purchase price

14 Date of purchase

15 Date existing mortgage loan started

16 Estimated current property value

17 Outstanding balance on the existing mortgage

18 Please give details about the existing mortgage

£

£

£

/ /

/ /

Questions 13 to 18 are only applicable if you already own the property and it is being remortgaged

Date started / /

Repayment type

Purpose of loan


XxxxxxxxxxxxxxxxxxxxxxxxxX5.1 (continued)

//Date started£

Repayment type

Purpose of loan

Assured Shorthold (Uncontrolled – Northern Ireland only)

Other

Confirmed Estimated

£ per week/4 weeks/month/other:

24 Full address of the property

25 If this is a new purchase, what is your intended date for exchange of contracts?

26 Where is the property you are buying/remortgaging located?

27 Type of property If ‘other’, please specify

28 Description of the property

29 Number of garages (if any)

30 If the property has allocated parking, is it off-site or on-site?

31 Is the property next to or above retail/business premises?

If Yes, we may not be able to proceed with your application – please give details and refer to us or your Adviser

Property details (all property types)

Postcode

England Scotland

Wales

Northern Ireland

/ /

House Bungalow

Other

Flat/maisonette

Detached

Part of block

Semi-detached Terraced

On-siteOff-site

Position of premises in relation to your property

Type of premises

NoYes

19 If there are any other loans secured on this property, please tell us how much the loan(s) is/are and give details If you have more than one loan, please give the same details in Part 6: Additional Information

20 What is the tenancy type? If ‘other’ please specify (e.g. let to company or Housing Association)

If ‘other’, we may not be able to proceed with your application – please refer to us or your Adviser

21 How many people are expected to occupy the property?

22 What will be the total rental income for the property? Please indicate how often you will receive this income by deleting as applicable. If ‘other’, please specify

23 Is this total rental income amount confirmed or just estimated?

About the tenancy


5.1


About the occupancy

43 Will your spouse, partner, parent, brother, sister, child, grandparent or grandchild be a tenant in the property?

44 Do you intend to live in the property in the near future?

45 Will at least 40% of the property be used as, or in connection with, a residential dwelling?

5.1 (continued)

32 What is the tenure of the property?

If leasehold: please give details

33 Please give details of the accommodation Please note that en-suites without a bath, and shower rooms, don’t count as bathrooms. Outbuildings are buildings like detached workshops, stables and barns

34 Construction type of the walls

If ‘other’, we may not be able to proceed with your application – please give details and refer to us or your Adviser

35 What is the roof made of? If ‘other’ please specify

36 What type of roof does the property have? If ‘other’ please specify

37 When was the property built? If you don’t know the exact year, please give the approximate year that it was built

Freehold/Absoluteowner (Scotland)Leasehold

Ground rent £per year Remaining term

Number of living rooms

Number ofbedrooms

Number ofkitchens

Number of bathrooms

Other (please specify)

Number ofseparate toilets

Number ofoutbuildings

Stone Brick Timberframe

Other

Slate or tile Other

Flat Pitched

Other

38 If the flat/maisonette is in a block, please give details

39 Is the property:

If the property is a studio, we may not be able to proceed with yourapplication – please refer to us or your Adviser

40 Does the property have a lift?

41 Is this a former or current Local Housing Authority, Housing Association or Northern Ireland Housing Executive property?

If Yes and the flat is in a block: what approximate percentage of the block is owner-occupied?

42 Does the property have deck access (if applicable)? Deck access is common access to properties on storeys above ground level

If Yes, we may not be able to proceed with your application – please refer to us or your Adviser

Converted

Maisonette

Purpose built Studio

NoYes

NoYes

NoYes

NoYes

NoYes

NoYes

Questions 38 to 42 are only applicable to flats and maisonettes

Number of flats in block

Number ofstoreys in block

On what floor is the flat

%

46 Please give the name of the builders who built, or are building, the property

47 Are these builders registered with the NHBC or Zurich Newbuild Scheme?

If No: please give details of the chartered architects or chartered surveyor who supervised, or are supervising, the build

Questions 46 to 48 are only applicable if the property is a new build or under 10 years old

Builders’ name

Architect/surveyor

Postcode

Address

NoYes



48 If this is a new build property, are you getting any discounts or incentives as part of the package?


NoYes

About the property valuation

We usually need to obtain a valuation of the property to be mortgaged, which will be carried out by a valuer instructed by us. Our Mortgage Valuation Report is a limited report intended for our valuation purposes only. We recommend that you have a more detailed ‘Homebuyer’s Survey and Valuation’ or ‘Building Survey’ report undertaken for your own purposes. For full details of the different types of valuation and survey, please refer to us or your Adviser.

Mortgage Valuation report This is a limited report and is not a survey of the property. It is prepared solely for our purposes and as such should not be relied on by you as a report on the property’s condition.

Homebuyer’s Survey and Valuation This is a more detailed report on the general state of repair and condition of the property, produced in a format approved by the RICS. It is produced on your behalf by a chartered surveyor to identify significant defects, repairs and features which affect the property.

If you choose this option, we may be able to arrange for it to be carried out at the same time as the Mortgage Valuation report (Please note that a direct contractual relationship exists between yourself and the valuer with this type of survey. You will need to confirm that you accept the standard Conditions of Engagement by signing an acceptance form and returning it to the independent firm of valuers).

Building Survey This is a highly detailed survey report giving a comprehensive review of the property’s condition.

Although we may be able to arrange for it to be carried out at the same time as the Mortgage Valuation report, your contract will be directly with the valuer for the Building Survey and you will need to pay them for this. (Please note that a direct contractual relationship exists between yourself and the valuer with this type of survey. You will need to confirm that you accept the standard Conditions of Engagement by signing an acceptance form and returning it to the independent firm of valuers.)

.

49 If you have not yet had a valuation, what type of report do you require for your purposes ? Please note, if a selection is not made, a Mortgage Valuation report will be carried out on the property

50 If this is a Scottish purchase and a valuation has already been carried out on the property, what was the cost of the valuation and what type of valuation report did you have?

51 Please tell us the name, address and telephone number of either:

a) the person who the valuer can contact to arrange a viewing of the property if a valuation hasn’t been carried out yet Please also indicate who the contact is (e.g. estate agent, vendor); or

b) for Scottish purchases, the person who carried out the valuation, if it has already been done

MortgageValuation report

Homebuyer’s Survey and Valuation

Building Survey

52 Please give the name and address of the firm and contact details for your solicitor/licensed conveyancer.

NoYes

Name of solicitordealing with your case

Postcode

Telephone

Fax

Your solicitor’s details (all applicants)

Telephone

Who is the contact

Postcode

Mortgage Valuation report

Valuation cost £

Homebuyer’s Survey and Valuation Building Survey


XxxxxxxxxxxxxxxxxxxxxxxxxX5.2

1 Have you already been given a Decision in Principle?

If Yes: please also give the reference number




Ref No.





NoYes

£

years








/ /

Lender

Outcome

NoYes





5.2




8 What type of repayment strategy are you using to repay the ‘interest only’ or ‘part interest only’ element of this mortgage?

For investment plans and endowment policies: please give details of each plan in the boxes opposite If you need space for more plans, please use Part 6: Additional Information


Please note, if details are not complete, we will ask you again for the information, which may lead to a delay in the production of the Offer of Loan. We will take into account the payments you must make to maintain these products in assessing whether you can afford this mortgage and you must provide uswith the information requested


10 Deposit amount


12 Is it a former or current Local Authority, Northern Ireland HousingExecutive, Ministry of Defence or Housing Association property?


£

£


£



14 Date of purchase





£

£

£

/ /

/ /


Date started / /

Repayment type

Purpose of loan


Investment plan

Endowment policy

Plan type

Name of provider




Plan type

Name of provider





//Date started£

Repayment type

Purpose of loan

About the tenancy


Other

Confirmed Estimated










Postcode

England Scotland

Wales

Northern Ireland

/ /

House Bungalow

Other

Flat/maisonette

Detached

Part of block


On-siteOff-site


Type of premises

NoYes

one loan, please give the same details in Part 6: Additional Information





19 If there are any other loans secured on this property, please tell us how much the loan(s) is/are and give details If you have more than


If ‘other’, we may not be able to proceed with your application – please refer to NRAM Limited or your Adviser

If Yes, we may not be able to proceed with your application – please give details and refer to NRAM Limited or your Adviser














Number ofbedrooms

Number ofkitchens

Number of bathrooms





Other

Slate or tile Other

Flat Pitched

Other

About the occupancy




NoYes

NoYes

NoYes


39 Is the property:





Converted

Maisonette


NoYes

NoYes

NoYes




%





Builders’ name

Architect/surveyor

Postcode

Address

NoYes


If the property is a studio, we may not be able to proceed with your application – please refer to NRAM Limitedor your Adviser


If Yes, we may not be able to proceed with your application – please refer to NRAM Limited or your Adviser



We usually need to obtain a valuation of the property to be mortgaged, which will be carried out by a valuer instructed by us. Our Mortgage Valuation Report is a limited report intended for our valuation purposes only. We recommend that you have a more detailed ‘Home buyer’s Survey and Valuation’ or ‘Building Survey’ report undertaken for your own purposes. Please see Part 5.1: question 49 for a brief description of each type of report. For full details of the different types of valuation and survey, please refer to us or your Adviser.








NoYes

49 If you have not yet had a valuation, what type of report do you require for your purposes? Please note, if a selection is not made, a Mortgage Valuation report will be carried out on the property







52 Please give the name and address of the firm and contact details for your solicitor/licensed conveyancer

NoYes


Postcode

Telephone

Fax


Telephone

Who is the contact

Postcode


Valuation cost £


Ref No.


NoYes





Questions 8 is only applicable if your mortgage is to be arranged on an ‘interest only’ or ‘part interest only’ basisPlease note, if your new mortgage is arranged on an ‘interest only’ or ‘part interest only’ basis, the monthly payments during the mortgage term due to us on the ‘interest only’ portion of the mortgage, will generally cover interest only and will not repay any part of the loan amount. It is your responsibility to make sure that you put in place, maintain and regularly monitor the ‘repayment strategy’ (investment plan and or endowment policy) which is expected to provide a lump sum sufficient to repay the loan amount (including all the capital still owing on the ‘interest only’ portion) at the end of the mortgage term.





Please note, if details are not complete, we will ask you again for the information,which may lead to a delay in the production of the Offer of Loan. We will take into account the payments you must make to maintain these products in assessing whether you can afford this mortgage and you must provide us with the information requested

£

years

/ /

Lender

Outcome

NoYes







6 Have you applied in the last six months to any other lender for a mortgage on this or any other property? If Yes: please give details




Investment plan

Endowment policy

Plan type

Name of provider




Plan type

Name of provider






10 Deposit amount


12 If you are intending to borrow more than the amount needed to buy the property, please tell us how much and why e.g. for home improvement


If Yes and it is ‘current’:what is the Right to Buy valuation?

£

£

£

Reason


£



15 Date of purchase





£

£

£

/ /

/ /


Date started / /

Repayment type

Purpose of loan

20 If there are any other loans secured on this property, please tell us how much the loan(s) is/are and give details //Date started£

Repayment type

Purpose of loan

21 What is the tenancy type? If ‘other’ please specify (e.g. let to a company or Housing Association)

If ‘other’, we may not be able to proceed with your application – please refer to us or your adviser


About the tenancy

Assured Shorthold(Uncontrolled - Northern Ireland only)

Other

(continued)



24 Is this total rental income amount confirmed or just estimated?Confirmed Estimated








31 If the property has allocated parking, is it on-site or off-site?




34 Please give details of the accommodation Please note, en-suites without a bath and shower rooms don’t count as bathrooms. Outbuildings are buildings like detached workshops, stables and barns










Postcode

England Scotland

Wales

Northern Ireland

/ /

House Bungalow

Other

Flat/maisonette

Detached

Part of block


On-siteOff-site


Type of premises

NoYes


Number ofbedrooms

Number ofkitchens

Number of bathrooms





Other

Slate or tile Other

Flat Pitched

Other




23 What will be the total rental income for the property? Please indicate how often you will receive this income by deleting as applicable. If ‘other’, please specify.


5.3


If ‘other’, we may not be able to proceed with your application – please give details and refer to NRAM Limited or your Adviser


40 Is the property:

If the property is a studio, we may not be able to proceed with your application – please refer to us or your Adviser






5.3 (continued)







Builders’ name

50 If you have not yet had a valuation, what type of report do you require for your purposes? Please note, if a selection is not made, a Mortgage Valuation report will be carried out on the property.


Converted

Maisonette


NoYes

NoYes

NoYes

%

About the occupancy




NoYes

NoYes

NoYes

Architect/surveyor

Postcode

Address

NoYes

NoYes

About the property valuationWe usually need to obtain a valuation of the property to be mortgaged, which will be carried out by a valuer instructed by us. Our Mortgage Valuation Report is a limited report intended for our valuation purposes only. We recommend that you have a more detailed ‘Home buyer’s Survey and Valuation’ or ‘Building Survey’ report undertaken for your own purposes.

Please see Part 5.1: question 49 for a brief description of each type of report. For full details of the different types of valuation and survey, please refer to us or your Adviser.




Valuation cost £







Telephone

Who is the contact

Postcode



53 Please give the name and address of the firm and contact details for your solicitor/licensed conveyancer NoYes


Postcode

Telephone

Fax





Ref No.


NoYes

£

years








/ /

Lender

Outcome

NoYes






Question 8 is only applicable if your mortgage is to be arranged on an ‘interest only’ or ‘part interest only’ basisPlease note, if your new mortgage is arranged on an ‘interest only’ or ‘part interest only’ basis, the monthly payments during the mortgage term due to us on the ‘interest only’ portion of the mortgage, will generally cover interest only and will not repay any part of the loan amount. It is your responsibility to make sure that you put in place, maintain and regularly monitor the ‘repayment strategy’ (investment plan and or endowment policy) which is expected to provide a lump sum sufficient to repay the loan amount (including all the capital still owing on the ‘interest only’ portion) at the end of the mortgage term.



10 Deposit amount


12 If you are intending to borrow more than the amount needed to buy the property, please tell us how much and why e.g. for home improvement



£

£

£

Reason


£







Please note, if details are not complete, we will ask you again for the information,which may lead to a delay in the production of the Offer of Loan. We will take into account the payments you must make to maintain these products in assessingwhether you can afford this mortgage and you must provide us with the information requested


Investment plan

Endowment policy

Plan type

Name of provider




Plan type

Name of provider









15 Date of purchase





£

£

£

/ /

/ /


Date started / /

Repayment type

Purpose of loan





About the tenancy


Other

Confirmed Estimated


Postcode

England Scotland

Wales

Northern Ireland

/ /



House Bungalow

Other

Flat/maisonette

Detached

Part of block






About the occupancy



5.4 (continued)


30 If the property has allocated parking, is it on-site or off-site?




33 Please give details of the accommodation Please note, en-suites without a bath and shower rooms don’t count as bathrooms. Outbuildings are buildings like detached workshops, stables and barns








On-siteOff-site


Type of premises

NoYes


Number ofbedrooms

Number ofkitchens

Number of bathrooms





Other

Slate or tile Other

Flat Pitched

Other


39 Is the property:

If the property is a studio, we may not be able to proceed with your application – please refer to us or your Adviser






Converted

Maisonette


NoYes

NoYes

NoYes

NoYes

NoYes





%




45 Will at least 40% of the property be used as, or in connection with, a residential dwelling? NoYes






Question 46 to 48 are only applicable if the property is a new build or under 10 years old

Builders’ name

Architect/surveyor

Postcode

Address

NoYes

NoYes


We usually need to obtain a valuation of the property to be mortgaged, which will be carried out by a valuer instructed by us. Our MortgageValuation Report is a limited report intended for our valuation purposes only. We recommend that you have more detailed ‘Homebuyer’s Surveyand Valuation’ or ‘Building Survey’ report undertaken for your own purpose.

Please see Part 5.1: question 49 for a brief description of each type of report. For full details of different types of valuation and survey, please refer to us or your Adviser.

49 If you have not yet had a valuation, what type of report do you require for your purpose? Please note, if a selection is not made, a Mortgage Valuation report will be carried out on the property



a) the person who the valuer can contact to arrange a viewing of the property if the valuation hasn't been carried out yet Please also indicate who the contact is (e.g. estate agent, vendor); or



Homebuyer’sSurvey and Valuation Building Survey


NoYes

Name of solicitor

Telephone

Fax

Your solicitor's details (all applicants)

Telephone

Who is the contact

Postcode

Postcode

Valuation cost £

dealing with your case


Homebuyer’sSurvey and Valuation Building Survey


XxxxxxxxxxxxxxxxxxxxxxxxxX5.5

1 Have you already been given a Decision in Principle? If Yes: please also give the reference number



Ref No.





NoYes

£

years



6 Have you applied in the last six months to any other lender for a mortgage on this or any other property? If Yes: please give details


If part repayment/’part interest only’:please tell us how this is to be apportioned

/ /

Lender

Outcome

NoYes













Please note, if details are not complete, we will ask you again for the information, which may lead to a delay in the production of the Offer of Loan. We will take into account the payments you must make to maintain these products in assessing whether you can afford this mortgage and you must provide us with the information requested


10 Deposit amount




£

£


£



14 Date of purchase





£

£

£

/ /

/ /


Date started / /

Repayment type

Purpose of loan


Investment plan

Endowment policy

Plan type

Name of provider




Plan type

Name of provider





19 If there are any other loans secured on this property, please tell us how much the loan(s) is/are and give details If you have more than one loan, please give the same details in Part 6: Additional Information

//Date started£

Repayment type

Purpose of loan




About the tenancy


Other

Confirmed Estimated



25 If this is a new purchase, what is your intended date for exchange ofcontracts?








Postcode

England Scotland

Wales

Northern Ireland

/ /

House Bungalow

Other

Flat/maisonette

Detached

Part of block


On-siteOff-site


Type of premises

NoYes















Number ofbedrooms

Number ofkitchens

Number of bathrooms





Other

Slate or tile Other

Flat Pitched

Other

About the occupancy



NoYes

NoYes

NoYes


39 Is the property:





Converted

Maisonette


NoYes

NoYes

NoYes





%





Builders’ name

Architect/surveyor

Postcode

Address

NoYes


34 Construction type of the walls If ‘other’, we may not be able to proceed with your application – please give details and refer to NRAM Limited or your Adviser

If the property is a studio, we may not be able to proceed with your application – please refer to NRAM Limited or your Adviser

If Yes, we may not be able to proceed with your application – please refer to NRAM Limited or your Adviser




We usually need to obtain a valuation of the property to be mortgaged, which will be carried out by a valuer instructed by us. Our Mortgage Valuation Report is a limited report intended for our valuation purposes only. We recommend that you have a more detailed ‘Homebuyer’s Survey and Valuation’ or ‘Building Survey’ report undertaken for your own purposes.

Please see Part 5.1: question 49 for a brief description of each type of report. For full details of the different types of valuation and survey, please refer to us or your Adviser.



NoYes

49 If you have not yet had a valuation, what type of report do you require for your purposes? Please note, if a selection is not made, a Mortgage Valuation report will be carried out on the property









Postcode

Telephone

Fax


Telephone

Who is the contact

Postcode


Valuation cost £




If there is insufficient space to provide all your additional information, please continue on a separate sheet of paper and attach it to this form.

7 Declaration

Before signing the applicant(s) Declaration on the next page:

Please ensure that you have read the important customer information at the beginning of this form

Please check your answers in each section to ensure you have given us all the information we need to process your application.The checklist at the end of this form will help you with this

The information you give will form the basis of your contract with us. If there are any other material facts that could reasonably be construed as likely to influence our decision about this loan application, but which have not been revealed as a result of answering specific questions within this application form, you must tick this box and provide details in Part 6: Additional Information:

We give no assurance that by the making of an advance, the price agreed to be paid for the property is reasonable


Part Question Further detailsno. no.

Part Question Further detailsno. no.

6 Additional Information

Use this section if you need more space to answer any questions



1 A Mortgage Valuation Report will be arranged by us. You understand that this report is intended solely for the purpose of us in considering this application for a loan, and is not intended to be a detailed inspection of the property.

2 Neither we nor our valuer warrants that the condition of the property or the price paid is reasonable, and that it is for you to satisfy yourself as to the value and condition of the property. If you require, we can introduce you to firms of chartered surveyors you can instruct to carry out a more detailed Homebuyer’s Survey and Valuation, or a Building Survey.

3 You certify that where the loan is paid by one applicant, then that payment should be treated as made for, and on behalf of, all applicants.

4 You agree to keep the property fully insured until the loan is fully repaid.

5 You are over 18 years of age (or over 21 years of age if you are the main applicant on this application).

6 You apply for a loan to be made on the security of the property and have enclosed a cheque for the valuation fee of £ This fee includes a non-refundable application fee. Whether or not a loan is made, you will meet the cost of the valuation. If the property is upvalued or undervalued the valuation fee is subject change

7 You accept that one of the terms of applying for a loan is that we need not give any reason for declining the application.

8 You understand that where either a payment holiday or refund of overpayments is requested by one applicant, then it will be treated as made for, and with the agreement of, all applicants. If we become aware of a dispute between borrowers, then it reserves the right to suspend the payment holiday or refund of overpayments facility, until it is satisfied that the dispute has been resolved.

9 You understand that where the mortgage is in joint names, the authority of only one of you is necessary to request a payment holiday or refund of overpayments.

10 You understand that we will be the sole arbiter about the method used to send refunds of overpayments.

11 If you wish you may arrange the insurance through another nominated insurance company. The details of the proposed insurance company must be approved by us and we will give reasonable consideration to such a proposal. However, we will make a charge to cover the additional administration involved and the cost of reviewing the proposed policy and terms of cover. This will be charged to your mortgage account. We reserve the right to refuse to accept any proposed insurance policy to be arranged by you.

You declare that the statements and particulars given in this application are, to the best of your knowledge and belief, true and complete.

By signing this application form you will be agreeing that any person interested now, or in the future, in the loan, the mortgage and other security, may rely upon the truth and accuracy of the information contained in this application and any supporting documentation, information or security. It is an offence to knowingly give false, inaccurate or misleading information when applying for a mortgage. If you give such information you may face criminal prosecution and/or civil action for recovery of any losses we incur.

Using your personal information:

(a) If false or inaccurate information is provided and fraud is identified, details will be passed to fraud prevention agencies to prevent fraud and money laundering. For further details as to how your information held by fraud prevention agencies may be used please see our full privacy notice.

(b) We may seek appropriate references we consider necessary in respect of this application. You will meet the costs for this.

(c) In order for us to offer you the best levels of service, we would like to provide you with information from time to time about products and services by post, fax, telephone, email or other electronic means. This may include other firm’s products although we will not disclose your information to them. Please tick here if you do wish to receive this information.

Signature(s) and applicant(s) Declaration

First applicant Second applicant

(continued)

You agree and declare that (please note, a figure must be entered in Declaration point 6 before we can process your application):

Before you sign, please check your answers throughout this form to ensure that you have provided all the information we need.

Signature Date Signature Date


12 You authorise NRAM Limited or any solicitor/licensed conveyancer appointed by us to obtain account information (including repayment figures) from your lender.

To process this application it will be necessary to process your personal data. Where we process personal data this is performed in compliance with data protection law. Our full privacy notice along with details outlining processing performed for the purpose of your application and your rights can be found on our privacy page at www.nram.co.uk, or you can call us to find out more.

Payment details8

This guarantee should be detached and retained by the payer.

The Direct Debit Guarantee

• This Guarantee is offered by all banks and building societies that accept instructions to pay Direct Debits

• If there are any changes to the amount, date or frequency of your Direct Debit NRAM Limited will notify you 4 working days in advance of your account being debited or as otherwise agreed. If you request NRAM Limited to collect a payment, confirmation of the amount and date will be given to you at the time of the request.

• If an error is made in the payment of your Direct Debit, by NRAM Limited or your bank or building society, you are entitled to a full and immediate refund of the amount paid from your bank or building society

– If you receive a refund you are not entitled to, you must pay it back when NRAM Limited asks you to

• You can cancel a Direct Debit at any time by simply contacting your bank or building society. Written confirmation may be required. Please also notify us.

Please fill in the whole form including official use box using a ball point pen and send it to:

NRAM Mortgage Operations,PO Box 118SkiptonBD23 9FH

Name(s) of account holder(s)

Branch sort code

Name and full postal address of your bank or building society

To: The Manager Bank/building society

Address

Postcode

Reference

Instruction to your bank or building society to pay by Direct Debit Service user number

2 7 4 1 1 7

FOR NRAM LIMITED OFFICIAL USE ONLY

This is not part of the instruction to your bank or building society.

You can let us know the day of the month you would like your Direct Debit to be collected from your Bank Account by entering the day here:

Bank/building society account number

Instruction to your bank or building societyPlease pay NRAM Limited Direct Debits from the account detailed in this Instruction subject to the safeguards assured by the Direct Debit Guarantee. I understand that this Instruction may remain with NRAM Limited and, if so, details will be passed electronically to my bank/building society.

Signature(s)

Date

Banks and building societies may not accept Direct Debit Instructions for some types of account

Valuation/application fees (all applicants)Your valuation/application fees can be paid by cheque (we do not accept debit card, credit card or cash payments). Please note that we cannot process your applicationor instruct valuation until the cheque is received by us. Please make cheque payable to ‘NRAM Limited’ and enclose it with your application.

Direct Debit for your monthly mortgage payments (all applicants)This Direct Debit instruction must be fully completed, signed and dated before your application can be processed.If you complete this form, your mortgage payments will be collected from your bank account by Direct Debit. You will need to cancel your existing payment methods once you have received confirmation your Direct Debit has been set up.Direct Debit payments are collected on the date you request each calender month.


XxxxxxxxxxxxxxxxxxxxxxxxxX Checklist

To help us process your application more quickly, please check the following as an incomplete form can cause delays. Documentation provided must be originals or true certified copies of an original document and signed by a member of a professional body, such as a solicitor or Accountant. Please do not enclose copies of any illustrations you have been given – you should retain these for future reference.

All applicants please check that you have:

signed and dated the Declaration in Part 7

signed and dated the Direct Debit instruction(s) in Part 8

included your Valuation/administration fee cheque (if applicable)

If you are an employee please check that you have:

included your current P60 form (end of tax year statement). (Original or true certified copies)

included your latest monthly salary slips (or last 4 weeks’ wage slips if paid weekly). (Original or true certified copies)

If you are self-employed please check that you have either:

included your most recent Self Employed Accounts or Accountant’s Certificate; or

included your Tax Assessment for the last financial year

Intermediaries ONLY please check that you have:

included documentation for confirmation of address and identity. Documentation provided must be originals or true certified copies of an original document and signed by a member of a professional body

Thank you for completing this application for a Buy to Let mortgage with us.

If you have an Adviser, please give your completed application to them. Otherwise, send it to us at: NRAM, PO Box 118, Skipton, BD23 9FH.

Assuming your application includes all the information we have asked for and is approved, we will contact you to confirm this.

The relevant FCA reference number(s) shown in the Intermediary/Adviser section at the beginning of this form have been confirmed by:

The details given in this section have been completed and confirmed by:

Name

Date / /

Signature

Sales Person no.

For office use only

Name

Date / /

Signature

Please confirm in this box the total number of Buy to Let mortgages/properties being applied for on this form, and give the product codes below:

Mortgage 1 Mortgage 2 Mortgage 3 Mortgage 4 Mortgage 5

Branch/Originating Unit no.

Buy to let Mortgage application 36/36

NRAM Limited. Registered office: Croft Road, Crossflatts, Bingley, West Yorkshire, BD16 2UA. Registered in England and Wales (Company No. 09655526). Authorised and regulated by the Financial Conduct Authority. Reg. No. 718097.

Documents

X xxxxxxxxxxxxxxxxxxxxxxxx Buy to Let mortgage