Agreement Reference:
Property Loan Application Please complete this form providing all relevant information Please complete and send to: Email:
[email protected]
Address:
53-64 Chancery Lane, London, WC2A 1QU
Tel:
0808 274 7943
Fax:
0207 430 0637
Note to help you complete this form: • Please include as much detail as possible. The more detail we have the easier it will be to process the form and come back to you with a clear indication of whether we are able to provide you with funding. BROKER / INTRODUCER DETAILS (IF APPLICABLE) Contact Name:
Date:
Company Name:
Network/Mortgage Club:
Tel/Mobile: MCD Permissions:
Email: Yes
No
FCA Registration #: Broker r Fee:
If Yes, MCD #: Email:
Payable Upfront
Added to Loan
Deducted from net loan advance
Are you packaging the application on behalf of an authorised intermediary?
Yes
If Yes, Firm Name:
FCA Registration #:
Firm Address:
Postcode:
No
Telephone: MCD Permissions:
If Yes, MCD #
Which r firm will be providing advice to the client? (must be an authorised intermediary): Is the broker fee split with the authorised intermediary?
Yes
No
If ‘Yes’, please advise how:
Is the proc fee split with the authorised intermediary?
Yes
No
If ‘Yes’, please advise how:
SOLICITOR’S DETAILS (MINIMUM 2 REGULATED PRINCIPALS REQUIRED) Applicant One and / or Guarantor
Applicant Two and / or Guarantor (if applicable)
Contact:
Contact:
Telephone:
Telephone:
Fax:
Fax:
Email:
Email:
Address:
Address:
Postcode:
Postcode:
53-64 Chancery Lane, London, WC2A 1QU - 0808 274 7943 - www.borro.com
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© Borro 2016. www.borro.com is a trading style of Borro Group Holdings (Company Registration Number 6573695) Registered Address: Seebeck Place, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8FR Borro Loan 3 Limited (company number 07407992) whose registered office is Seebeck House, 1 Seebeck Place, Knowlhill, Milton Keynes MK5 8FR and is authorised and regulated by the Financial Conduct Authority under FRN: 735009
Agreement Reference:
SECTION 1 LOAN DETAILS What are the funds going to be used for?
What is the minimum amount required? Loan term required?
Required completion date?
How will the loan be repaid?
How will interest be funded? Fee arrangements: How does the client(s) wish to pay for the fees? (Excluding Legal & Valuation which are payable upfront) Add fees to loan
Pay fees upfront
SECTION 2 CORPORATE BORROWER (if applicable) Company or trust Trustname: name: Jurisdiction registered: Company registration number: number:
Date of Incorporation: incorporation:
Registered office: Postcode: Postal address: Address: Postcode: Director’s names: Shareholder’s names (20% or more):
53-64 Chancery Lane, London, WC2A 1QU - 0808 274 7943 - www.borro.com
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© Borro 2016. www.borro.com is a trading style of Borro Group Holdings (Company Registration Number 6573695) Registered Address: Seebeck Place, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8FR Borro Loan 3 Limited (company number 07407992) whose registered office is Seebeck House, 1 Seebeck Place, Knowlhill, Milton Keynes MK5 8FR and is authorised and regulated by the Financial Conduct Authority under FRN: 735009
Agreement Reference:
SECTION 3 Applicant 1
QUESTIONS
Applicant 2
Have you ever been bankrupt/ repossessed? bankrupt or entered into an Individual Voluntary Agreement? Have you ever had any arrears?
Yes
No
Yes
No
Yes
No
Yes
No
Have you entered ever hadagainst defaultsthem? registered against you? judgment
Yes
No
Yes
No
Do you have any payday loans? manager, receiver or liquidator has been appointed? Do you have a County Court judgement/decree registered against you?
Yes
No
Yes
No
Yes
No
Yes
No
Have you entered into any IVA or debt management plan?
Yes
No
Yes
No
Have you ever been involved in a company liquidation?
Yes
No
Yes
No
If you have answered YES to any of these questions, please provide separate details in Section 9.
SECTION 4 APPLICANT ONE AND/OR GUARANTOR
APPLICANT TWO AND/OR GUARANTOR (if applicable)
Mr/Mrs/Miss/other:
Mr/Mrs/Miss/other:
Full name:
Full name:
D.O.B:
D.O.B:
Nationality:
Nationality:
Mobile:
Mobile:
Work tel:
Work tel:
Home tel:
Home tel:
Fax:
Fax:
Email:
Email:
Home address:
Home address:
Postcode:
Postcode:
Time at present address:
Years
Months
Time at present address:
Estimated value (if owned):
Estimated value (if owned):
Occupation:
Occupation:
Current employer:
Current employer:
Annual gross income:
Annual gross income:
Is your income or expenditure likely to change during the term of the bridging arrangement? If yes please provide details in Section 9
Yes
No
Is your income or expenditure likely to change during the term of the bridging arrangement?
Years
Yes
Months
No
If yes please provide details in Section 9
53-64 Chancery Lane, London, WC2A 1QU - 0808 274 7943 - www.borro.com
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© Borro 2016. www.borro.com is a trading style of Borro Group Holdings (Company Registration Number 6573695) Registered Address: Seebeck Place, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8FR Borro Loan 3 Limited (company number 07407992) whose registered office is Seebeck House, 1 Seebeck Place, Knowlhill, Milton Keynes MK5 8FR and is authorised and regulated by the Financial Conduct Authority under FRN: 735009
Agreement Reference:
SECTION 5 OUTSTANDING MORTGAGE(S) ON YOUR HOME
OUTSTANDING MORTGAGE(S) ON YOUR HOME (Applicant two)
Name of lender:
Name of lender:
Amount borrowed:
Amount borrowed:
When mortgage commenced:
Month
Year
When mortgage commenced:
Monthly instalments:
Monthly instalments:
Amount outstanding:
Amount outstanding: Yes
Payment up to date:
No
If ‘No’ amount of arrears:
Month
Payment up to date:
Year
Yes
No
Yes
No
If ‘No’ amount of arrears:
Are there any other mortgages on your home?
Yes
No
If yes please provide details in Section 9
Are there any other mortgages on your home? If yes please provide details in Section 9
SECTION 6 BANK ACCOUNT DETAILS APPLICANT ONE AND/OR GUARANTOR
APPLICANT TWO AND/OR GUARANTOR (if applicable)
Name of bank:
Name of bank:
Contact:
Contact:
Account name:
Account name:
Account number:
Account number:
Sort code:
Sort code:
Length of time with bank:
Length of time with bank:
Address of bank:
Address of bank:
Postcode:
Postcode:
SECTION 7 PRIMARY PROPERTY BEING USED AS SECURITY
ADDITIONAL PROPERTY (if applicable)
Full address:
Full address:
Postcode:
Postcode:
Already owned/ being purchased:
Already owned/ being purchased:
Estimated value:
Estimated value:
Purchase price/ price paid:
Purchase price/ price paid:
Access details for valuation:
Contact name: Telephone:
Access details for valuation:
53-64 Chancery Lane, London, WC2A 1QU - 0808 274 7943 - www.borro.com
Contact name: Telephone:
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© Borro 2016. www.borro.com is a trading style of Borro Group Holdings (Company Registration Number 6573695) Registered Address: Seebeck Place, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8FR Borro Loan 3 Limited (company number 07407992) whose registered office is Seebeck House, 1 Seebeck Place, Knowlhill, Milton Keynes MK5 8FR and is authorised and regulated by the Financial Conduct Authority under FRN: 735009
Agreement Reference:
SECTION 7 (Continued) PRIMARY PROPERTY BEING USED AS SECURITY
ADDITIONAL PROPERTY (if applicable)
If purchased below market value explain reason for discount:
If purchased below market value explain reason for discount:
Property description:
Property description:
Freehold / leasehold:
Freehold / leasehold:
Please indicate if the property will be lived in by you or your close family:
Yes
No
Please indicate if the property will be lived in If yes, are they over 17 years old? by you or your close Yes No family:
What do you intend to do with the property:
What do you intend to do with the property:
If refurb - any works? What are your intentions?:
If refurb - any works? What are your intentions?:
security:
security:
Name of lender:
Name of lender:
Amount borrowed:
Amount borrowed:
When mortgage commenced:
Month
Year
When mortgage commenced:
Monthly instalments:
Monthly instalments:
Amount outstanding:
Amount outstanding:
Payment up to date:
Yes
No
If ‘No’ amount of arrears: Are there any other mortgages? If yes, please provide details in section 9
Payment up to date:
Yes
No
If yes, are they over 17 years old? Yes
Month
No
Year
Yes
No
Yes
No
If ‘No’ amount of arrears: Yes
No
If the property is tenanted, what is the monthly rental income?
Are there any other mortgages? If yes, please provide details in section 9 If the property is tenanted, what is the monthly rental income?
Does the applicant(s) own any other properties?
Yes
No
Does the applicant(s) own any other properties?
Yes
No
Does the applicant(s) have any other BTL property at the present time?
Yes
No
Does the applicant(s) have any other BTL property at the present time?
Yes
No
Who will live / lives in the property?:
Who will live / lives in the property?:
What is the relationship to the applicant(s)?:
What is the relationship to the applicant(s)?:
Has the applicant(s) or related person ever occupied the property?:
Yes
No
Has the applicant(s) or related person ever occupied the property?:
Yes
No
Does the Applicant(s) or related person intend to ever occupy the property?:
Yes
No
Does the Applicant(s) or related person intend to ever occupy the property?:
Yes
No
If Yes, what % will they occupy?
53-64 Chancery Lane, London, WC2A 1QU - 0808 274 7943 - www.borro.com
If Yes, what % will they occupy?
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© Borro 2016. www.borro.com is a trading style of Borro Group Holdings (Company Registration Number 6573695) Registered Address: Seebeck Place, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8FR Borro Loan 3 Limited (company number 07407992) whose registered office is Seebeck House, 1 Seebeck Place, Knowlhill, Milton Keynes MK5 8FR and is authorised and regulated by the Financial Conduct Authority under FRN: 735009
SECTION 8 - Statement of Assets, Liabilities, Income and Expenditure (SALIE) Client Name:
MONTHLY INCOME
£ per month
Date:
ASSETS
£ ‘000
Your earnings after tax
Cash
Your partner’s earnings after tax
Shares
Other (Investments, etc.)
Life Policy (Surrender Value Only)
State company and if listed State company and maturity date State owners and full address
Other Property 1
State type, owners and full address
Other Property 2
State type, owners and full address
Other Investments
MONTHLY EXPENDITURE
£ per month
Provide details
Total Assets (A) £ 0.00 LIABILITIES
£ ‘000
Guidance for details required
Mortgage/Rent
Overdraft
Balance, Lender and if up to date
Life Assurance/Endowment Policy/Pension
Mortgage
Balance, Lender and if up to date
Rates/Council Tax
Car Loan/HP
Balance, Lender and if up to date
Water/Gas/Electricity/Phone
Personal Loan 1
Balance, Lender and if up to date
Home Buildings/Contents Insurance
Personal Loan 2
Balance, Lender and if up to date
Travel to Work
Personal Loan 3
Balance, Lender and if up to date
Petrol/Car Maintenance
Store/Credit Card 1
Balance, Lender and if up to date
Car Insurance/Road Tax
Store/Credit Card 2
Balance, Lender and if up to date
Food and Clothing
Store/Credit Card 3
Balance, Lender and if up to date
Existing Bank Borrowing
Personal Tax
Other Loans/HP/Credit Cards
Personal Guarantees Signed
Entertainment/Subscriptions
Other
Other Costs e.g. Holiday/Christmas
Other
Total Monthly Expenditure (B) £ 0.00 MONTHLY DISPOSABLE INCOME (A-B)
£ 0.00
Details
State institution held
Personal Dwelling House
Total Monthly Income After Tax (A) £ 0.00
Guidance for details required
Details
Year and when due Amount and Lender
Total Liabilities (B) £ 0.00 NET SURPLUS/DEFICIT (A-B) £ 0.00
53-64 Chancery Lane, London, WC2A 1QU - 0808 163 9537 - www.borro.com
Version 2.1 - 03/10/16
Page 6 of 8 © Borro 2016. www.borro.com is a trading style of Borro Group Holdings (Company Registration Number 6573695) Registered Address: Seebeck Place, Knowhill, Milton Keynes, Buckinghamshore, MK5 8FR Borro Loan 3 Limited (company number 07407992) whose registered office is Seebeck House, 1 Seebeck Place, Knowlhill, Milton Keynes MK5 8FR and is authorised and regulated by the Financial Conduct Authority under FRN: 735009
Agreement Reference:
SECTION 9 ADDITIONAL INFORMATION Please provide any other information which you feel will assist your loan application.
SECTION 10 DECLARATION You have made an application for credit to Borro Group Holdings (“Borro”) and you have provided us with personal information. As a responsible lender, Borro will carefully assess the information provided in the Application Form in order to decide whether or not to make you an offer of Loan. Even if we do issue an Offer Letter to you, we have the right to withdraw at any time before any Loan completes to withdraw, revise or cancel our offer without providing a reason. It is important that you ensure that the details provided in this Application Form are correct and that you have read and understood the contents of this declaration. By signing this Application, you the undersigned: • Confirm you are of sound mind and disposing memory and not acting under duress or undue influence. • Confirm you are aware that it is an offence knowingly to provide false, misleading or inaccurate information when applying for a loan. • Agree that Borro may use the personal information that you have provided for the purpose of assessing the prospect of providing credit to you, by Borro and organisations with which Borro and organisations with which Borro is affiliated or represented. • Authorise Borro and our agents, affiliates, investors and advisors to make all such enquiries as we consider necessary in relation to your application for credit;
• Authorise Borro and our affiliates, where applicable, to update your credit file with a credit reporting agency in relation to the Application for credit and/or if/when credit is provided; • Agree that Borro and any financier or affiliated organisation, that at any time provides or has any interest or prospective interest in this Application may: • Agree that Borro takes its lending responsibly and seriously and that as part of its Treating Customers Fairly policy, Borro prefers to be proactive and assist customers who need to repay their Borro Loan(s). 1. Provide information to a mortgage insurer: provide information to a mortgage insurer to assess the risk of providing mortgage insurance or to assess the risk of default. 2. Exchange of information between credit providers: seek from and use or give to another credit provider (including without limitation any other credit provider who has lent money on the same security) any information about your credit worthiness, credit standing, credit history or credit capacity. In particular, we may provide a credit opinion in relation to you. 3. Exchange of information with others: provide any information contained in this Application (and all information associated with this Application) to any originator, finance consultant, financier, accountant, credit reporting agency, lawyer or other party involved with the prospective finance to be provided to you or as appropriate by Borro (in its sole discretion).
53-64 Chancery Lane, London, WC2A 1QU - 0808 274 7943 - www.borro.com
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© Borro 2016. www.borro.com is a trading style of Borro Group Holdings (Company Registration Number 6573695) Registered Address: Seebeck Place, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8FR Borro Loan 3 Limited (company number 07407992) whose registered office is Seebeck House, 1 Seebeck Place, Knowlhill, Milton Keynes MK5 8FR and is authorised and regulated by the Financial Conduct Authority under FRN: 735009
Agreement Reference:
SECTION 10 (Continued) DECLARATION (Continued) 4. Provide information to credit reporting agencies: give to a credit reporting agency any personal or commercial information about you. The information may include identity particulars, the fact that credit for a certain amount has been applied for, the fact that we are a current credit provider to you, or as required by the relevant credit reporting agency. 5. Provide information for securitisation: disclose any report or personal information about you to any organisation which may be required in relation to any form of securitisation of any finance, sale of notes or other form of transfer of the finance which may be provided.
6. Provide information to guarantors: provide information to any person who proposes to guarantee or has guaranteed repayment of any credit provided to you. 7. Provide information to fraud prevention agencies: make searches of fraud prevention agencies who will supply information. 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. This includes passing information to financial and other organisations involved in fraud prevention to protect it and its customers from theft and fraud. Borro may use this information if decisions are made about you or others at your address(es) on credit or credit-related services. Further details explaining how the information held by fraud prevention agencies may be used can be obtained by writing to: The Head of Risk and Compliance, Borro Group Holdings, 53-64 Chancery Lane, London, WC2A 1QU.
WARNING: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
YOUR RIGHTS For the purpose of the Data Protection Act 1998, the Data Controller in relation to any personal data you supply is Borro Group Holdings. You have a right to have any inaccuracies corrected, to object to direct marketing at any time and a right of access under the Data Protection Act to your personal records held by Borro, subject to payment of a fee. To obtain the records we hold about you please contact: The Data Protection Officer, Borro Group Holdings, 53-64 Chancery Lane, London, WC2A 1QU.
SIGNATURE
SIGNATURE
Applicant one and / or Guarantor
Applicant two and / or Guarantor (if applicable)
Name of Borrower:
Name of Borrower:
Signature of Borrower:
Signature of Borrower:
Date:
Date:
Corporate applicant one and / or Guarantor
Corporate applicant two and / or Guarantor (if applicable)
Name of Director:
Name of Director:
Signature of Director:
Signature of Director:
Date:
Date:
53-64 Chancery Lane, London, WC2A 1QU - 0808 274 7943 - www.borro.com
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© Borro 2016. www.borro.com is a trading style of Borro Group Holdings (Company Registration Number 6573695) Registered Address: Seebeck Place, Knowlhill, Milton Keynes, Buckinghamshire, MK5 8FR Borro Loan 3 Limited (company number 07407992) whose registered office is Seebeck House, 1 Seebeck Place, Knowlhill, Milton Keynes MK5 8FR and is authorised and regulated by the Financial Conduct Authority under FRN: 735009
