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Online DIP : Bridging Finance

Please complete all sections as fully as possible.

Intermediary Details

Intermediary Firm
Contact Name
Address
Telephone Number
Fax Number
Email Address
FSA Number (if applicable)



Loan Details

Amount required£
Term Required (Max 12 on Residential & Commercial Max 24mths on Development months
Purpose of Bridging Finance
If purchase, purchase price£
If Refinance Current Value£
Property Offered as Security
Will the customer be residing in the Property? Yes No
How will the Bridge be paid?
Specify (if other)
Limited Company Deal Yes No (If Yes, complete next question)
Limited Company Name & Registration No
Broker Fee Agreed Yes No
Amount ££ (If regulated fee capped at 2.5%)



Applicant Details

 Applicant 1Applicant 2
Name
Address
Telephone
DOB
Status



Security

Security Address of Property



Mortgage Details

Lender Name
Current Value of Property£
Outstanding Mortgage Balance£
Mortgage Payments up to date Yes No (If no, please answer next question)
Please confirm amount of arrears£
Any second mortgage? Yes No (If yes, please complete the following questions)
Lender Name
Outstanding Mortgage Balance£
Mortgage Payments up to date Yes No (If no, please answer next question)
Please confirm amount of arrears£
Do you wish to clear Yes No (If no, please answer next question)



Additional Security

Security Address
Security Description
Morgage Details If Applicable
Lender Name
Current Value of Property£
Outstanding Mortgage Balance£
Mortgage Payments up to date Yes No (If no, please answer next question)
Please confirm amount of arrears£
Any second mortgage? Yes No (If yes, please complete the following questions)
Lender Name
Outstanding Mortgage Balance£
Mortgage Payments up to date Yes No (If no, please answer next question)
Please confirm amount of arrears£
Do you wish to clear Yes No (If no, please answer next question)



Valuation

Most of our lenders will calculate the LTV of a Purchase on either the Purchase Price or the Valuation whichever is the Lower. However, we do have lenders who will go against the valuation, please make this clear in the notes section if you require this. Refinances and 2nd mortgages are calculated against the Open Market Value.
Are you arranging the Valuation? Yes No (If yes, please be aware they must be on our lenders valuation panel, please check with the office)
Vendor Name & Number for us to arrange the valuation on your behalf



Payment Options - Please choose one of the following Three Options

Monthly Standing Order Yes No
Interest Roll up (0.2 added to Rate) (Please note total Loan plus retained must fit within LTV) Yes No
Retained Payments Yes No (If Yes, please complete next question)
Number Months to be Retained 1 month - 6 month (Please note total Loan plus retained must fit within LTV)



Additional Information




Solicitor Details (Only Required on Purchase Applications)

Company Name
Contact
Address
DX Address
Telephone Number
Fax Number
Email
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