Mortgage Loans

Additional Information

• Security is required.
• A professional valuation report for the property is required. You will incur a fee* that is based on the value of the property.
• An application fee* -for processing your mortgage application and the administration involved in assessing the application. This fee is payable on submission of your mortgage application and is non-refundable if the Bank offers you a mortgage, even if the mortgage does not complete, or if you reject our offer.
• An arrangement fee* -for the setting up of your mortgage. This fee is payable upon your acceptance of our offer and is non-refundable.
• If the mortgage is fully repaid before the end of the mortgage term, an early repayment charge (ERC)* will be payable to cover the administration costs.

*The applicable fees will be explained to you at the mortgage application stage and will be set out in our offer. A copy of our Tariff of Charges for Mortgages, Loans and Advances will be sent to you with our offer. You can also request a copy from us at any time.

Important Notes

• All applications will be subject to assessment criteria which must be satisfied, including:
  • your ability to repay the mortgage - you will need to provide proof of income including salary advice, financial statements, tax returns and bank statements to confirm how much you earn.
  • your credit standing - we will ask for your consent to search the information held about you and your financial arrangements from credit reference agencies.
  • the information you provide us, including passport for verification of your identity.
• Residential Buy to Let Mortgage is subject to our terms and conditions, which will be explained and set out in our offer to you once your application is approved.