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  • Fact Find

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    PLEASE COMPLETE THE INFORMATION ON THE FOLLOWING PAGES AS CAREFULLY AS POSSIBLE AS THE INFORMATION YOUR CONFIRM HERE COULD BE USED TO SUBMIT YOUR APPLICATION TO A LENDER.

    IF YOU NEED ASSISTANCE IN COMPLETING THIS FORM, PLEASE DO NOT HESITATE TO CONTACT YOUR ADVISER USING THE DETAILS ABOVE.

    THINK CAREFULLY BEFORE SECURING DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

    Some buy to let mortgages are not regulated by the Financial Conduct Authority

  • Section 1: Your Personal Details

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  • Do you have any dependents?
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  • Section 2: Your Employment & Income Details

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    Status?
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  • If you have been in your current employment for less than 12 months please provide the details of your
    previous employment

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  • Section 3: Your Credit Status

  • Have you ever had any of the following credit issues? Either currently, in the recent past or historically? If you are unsure of the details of any credit issues you may have/had, then we highly recommend you obtain a copy of your credit file.

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  • Section 4: Assets

  • Assets

    Asset Type Value of Asset
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  • Section 5: Credit Commitments

  • Section 6: Existing Property Portfolio

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  • Section 7: Budget Planner & Expenditure

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  • FOR OFFICE USE
    The DTIR calculation is based on the net income figures and total noted outgoings (including proposed mortgage payment) which should not exceed 85% of net monthly income. This will allow a 15% comfort buffer to be provided with the affordability

    Additional Information

  • Section 8: Existing Mortgage Details (if applicable)

  •   Applicant 1 Applicant 2
  • Joint with Applicant
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  • Current Interest Rate
  • Initial Rate End Date
    (if applicable)
  • Early Redemption Penalty
    (if applicable)
  • Are you prepared to pay
    this penalty if required?
  • Are your current mortgage terms portable to a new property?
  • Have you approached your current lender for the mortgage funds?
  • What was the outcome
    (if applicable)
  • Have you had any second charges or further advances (existing or otherwise)
  • What is the sale price?

  • Section 9: New Mortgage Details

  • Over how long do you wish to borrow?

  • If this is a purchase application:

  • If this is a remortgage application:


  • If this is a Residential Mortgage application:

  • Section 10: Mortgage Product Details

  • We will explain the features and differences between the rate types and why this is important

  • Attitude to Risk:

    Please choose at least one of the options below that best describes your own attitude to risk in respect of this mortgage:

    Level of Risk Description
    Cautious People in this category, set as their main priority the guaranteed repayment of their loan and are unwilling to risk not having the full amount repaid at final redemption or they do not have access to other funds that could be utilised at redemption.
    Balanced People in this category, set as their main priority a strong wish that their mortgage debt should be repaid at redemption however, they are willing to take some risk as they have access to other funds that which could be used to repay part or all of the mortgage at sometime in the future.
    Speculative

    People in this category are unconcerned about repayment of their mortgage and do not set as their main priority the wish to have the mortgage full repaid at redemption due to the existence of other assets that they have identified to to be available to repay all or part of the loan at redemption.
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  • Client Priorities:

  • Section 11: Security Property Details




  • Access for Valuation Details

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  • Estate Agent Details

  • Section 12: Key General Protection Information

  • For Office Use:
    Calculate total amount of cover and any shortfalls against the mortgage

  • Additional Information

  • Review:

    The importance of regularly reviewing your mortgage and associated business was discussed and that in order to do this would entail being able to contact you periodically to discuss this further:

  • Marketing

    1st Choice mortgages Limited may wish to contact you periodically to let you know about products or services that may be of interest to you.

  • Other Services

  • Declarations
                                                          Client's Declarations
    1st Choice Mortgages Ltd which is authorised and regulated by the Financial Conduct Authority.
    Please be sure that you understand all details of the transaction and that you can afford it before
    entering into any written agreement. Calls may be recorded for training and compliance
    purposes. 1st Choice Mortgages Ltd is registered in England No. 11668913. Address: 16 Norbury
    Grove Mill Hill NW7 4LS.


    YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YO
    MORTGAGE


    I/We* understand that in the case of joint applications and those involving guarantors that an 'association' will be created at the Credit Reference Agencies, which will link our financial records if/when a credit search is performed.

    Adviser's Details and Declarations


    I/We* confirm:
    (a) receipt of 1st Choice Mortgages Limited's 'Terms of Business' document, and
    (b) that the details given in this form (including all details in the credit history section) are correct to the best of my knowledge.


    I/We* understand that 1st Choice Mortgages Ltd can only advise me/us* based on the information that I/We* have disclosed.


    I/We understand that 1st Choice Mortgages Limited will charge me/us a fee of a minimum of £499 which becomes due and payable when you make your recommendation to me/us. I/We understand that this fee is not normally refundable and that the amount and full details are set out in the firm's 'Terms of Business' document.

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