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BROKER Replacement Property Form

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BROKER Replacement Property Form BROKER Replacement Property Form This form should only be used in connection with an existing mortgage application and if the personal circumstances of the applicant(s) have not changed since the original application. Marsden Building Society will continue to reply upon the declarations given by the borrower in the original application form. 1) INTERMEDIARY Intermediary name 4) PROPERTY Intermediary FCA Registration Number Address of property to be mortgaged If the fees you are charging your client for arranging this mortgage have changed please provide details below or indicate N/A Postcode What type of property is it? Detached Semi- Terraced Bungalow Purpose built flat detached or maisonette If a flat, please state number Number of storeys of flats in block 2) APPLICANTS Number of bedrooms? Number of habitable rooms (excluding bathrooms)? MBS Mortgage Account Number Garage Yes No Year built? Name of applicants Is the property a new build Yes No or < 10 years old? If yes, please indicate if NHBC certificate Zurich Architect approved What is the tenure of Freehold Commonhold Leasehold If leasehold, remaining term Years 3) LOAN DETAILS the property? Will the property be used solely Yes No If no, what % of total floor space (including external gardens) % Property purchase price £ Amount of loan £ by you and your dependants will be used for residential purposes? for residential purposes only? Deposit £ Source of deposit IMPORTANT INFORMATION - FLATS/MAISONETTES Term The maximum LTV for flats/maisonettes is restricted to 75%. The Society will only accept applications for purpose built flats/mainsonettes where there are no more than 20 units/4 storeys. Leasehold tenure. Repayment method Capital & interest Interest only Part repayment/Part interest only Unacceptable: Conversions/Ex-Council Interest only amount £ Please provide details of interest only repayment vehicle Please provide details of any vendor incentives i.e. cashback, discounts, payment of stamp duty etc. 4) ABOUT THE MORTGAGE SECURITY Your property details Full address of property to be mortgaged Postcode Year built Garage Yes No What type of property is it? Detached Semi-detached Terraced Bungalow Purpose built If flat, please state number of flat or Number of storeys flats in block maisonette Number of bedrooms Number of habitable rooms (excluding bathrooms) What is the tenure of the If leasehold, property? Freehold Commonhold Leasehold remaining term years* *(Require 70 years minimum unexpired lease at start of mortgage and 40 years remaining at the end) Is the property a new build? Yes No If ‘Yes’, please indicate if NHBC certificate Architect approved Please provide the following details of any persons, other than the applicants, aged 17 or over who will be resident at the property Title Full name Date of birth Relationship 1 of 2 Will the property be occupied by you or by your dependents immediately after purchase? Yes No Will the property be used by you or by your dependents wholly for residential purpose? Yes No Please give full details in Section 6 if you have answered ‘No’ to either of the above questions and if there is to be any business and/commercial use of the property please indicate which floors and/or sties are involved. Is the property over or adjacent to commercial premises? Yes No Is the property located in an area prone to flooding? Yes No Don’t know Is there any evidence of subsidence, landslip or heave in the property or immediate vicinity? Yes No Don’t know 4) PROPERTY Are you aware of the existence of any invasive plants i.e. Japanese Knotweed within the Address of property to be immediate curtilage of the property? Yes No Don’t know mortgaged Is the property subject to any Green Deal improvements where a charge is registered on household energy bills? Yes No Don’t know Postcode IMPORTANT INFORMATION What type of property is it? Detached Semi- Terraced Bungalow Purpose built flat The maximum LTV for residential flats/maisonettes is restricted to 75%, Buy to Lets 65%. The Society will only accept applications for detached or maisonette flats/mainsonettes where there are no more than 20 units/4 storeys. Leasehold tenure. If a flat, please state number Number of storeys Acceptable: Conversions, studio apartments. of flats in block Unacceptable: New build/conversions (<3years), flats above retail or commercial premises. Number of bedrooms? Number of habitable rooms (excluding bathrooms)? If the security is an ex Local Authority or Social Housing property the minimum purchase price/valuation is £125,000.00 The Society does not accept Right to Buy applications. Garage Yes No Year built? Is the property a new build Yes No 5) ASSESSMENT OF PROPERTY or < 10 years old? If yes, please indicate if NHBC certificate Zurich Architect approved What is the tenure of Freehold Commonhold Leasehold If leasehold, remaining term Years Type of survey Basic mortgage survey Homebuyers report Full building survey the property? Will the property be used solely Yes No If no, what % of total floor space (including external gardens) % Please provide details of name, address and telephone number whom the surveyor should contact to access the property by you and your dependants will be used for residential purposes? for residential purposes only? IMPORTANT INFORMATION - FLATS/MAISONETTES The maximum LTV for flats/maisonettes is restricted to 75%. The Society will only accept applications for purpose built flats/mainsonettes where 6) ADDITIONAL INFORMATION there are no more than 20 units/4 storeys. Leasehold tenure. Unacceptable: Conversions/Ex-Council Please provide specific details of any other changes to the information provided in the original application form for example: property insurance, product change, adult occupier(s) etc. 7) FEES Product Switching Fee is the cost of the product booking fee (please refer to KFI) Valuation Fee - refer to scale Please contact clients direct to collect fee(s) payable by credit/debit card Cheque attached for £ representing product switching fee/valuation fee (delete) 8) DECLARATION The declarations you signed on your original application still apply. All applicants must sign this Replacement Property Form. Signed Date Signed Date Intermediary Sales Centre 6-20 Russell Street Nelson Lancashire BB9 7NJ 89-14 t 0845 8949212 f 01282 440528 2 of 2.
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