Please note we do not lend for new business start-ups.
BROKER DETAILS / BROKER DETAILS
All introducers involved in the transaction need to be listed here / FCA Permissions
Shawbrook broker partner details (submitting intermediary) / Please tick to confirm who provided the advice and your current FCA Number
Name of Firm / Telephone number / Submitting Intermediary Yes No
FCA Number:
Contact name / Email address
Are any fees being charged prior to completion Yes No
If Yes, please provide amount and detail of fees £
Please state what part of this is the broker fee £
Other Introducer details / Other Introducer Yes No
FCA Number:
Name of Firm / Telephone number
Contact name / Email Address
APPLICANT SOURCE
We require confirmation of where you have generated this lead from. We need this for two reasons:
- Where the deal is introduced, we need to ensure that we have validated that source for compliance and regulatory reasons purposes.
- At Shawbrook, we aim to support our broker partners with referrals from both applicants and introducers. In order to support you with your referrals, we need to understand their effectiveness. If theintroduceris confirmed as from your own panel, we save their details onto our system as one of your introducers. This ensures we maintain a record of your relationship with that introducer should they contact us directly. They will not receive any marketing.
Introducer from own panel / Direct applicant recommended by existing applicant
Introducer from network/ affinity relationship / Direct applicant from own marketing campaigns
Shawbrook referred introducer / Direct applicant referred by Shawbrook
LOAN REQUIREMENTS
Application type / Individual/ partnership / LLP / UK limited company / Offshore limited company
(please attach with this part of the app)
Loan amount / £ / Term / years
Fixed rate repayment option? / Yes / No / If yes, how
many years? / 3 / 4 / 5
LTV requested / %
Product / TB1 / TB2 / TB3
Repayment options / Part capital repayment / Full capital repayment
Existing client discount / If the applicant is party to a completed loan with Shawbrook, they are eligible for our existing client discount. The client can choose between a discount on the rate or the arrangement fee (0.25% on loans up to £750k). Please see our product sheets for more details / Margin discount / Arrangement fee discount
Please note –Shawbrook WRAPs are not eligible for
the discount (where the client replaces a Shawbrook
term loan with another on the same security)
Existing Shawbrook account number(s)
Please confirm if you have any accounts with any other part of Shawbrook bank
MORTGAGE PURPOSE
Purpose of mortgage / Purchase / Remortgage * if remortgage, please confirm you have FCA permissions for debt adjusting
Estimated date of completion
PURCHASE
Purchase price £ / Deposit source
REMORTGAGES
Amount of outstanding finance £ / Estimated property value £
Name of current lender(s)
Amount of additional capital being raised (if applicable)£ (If any capital is being raised the next question is mandatory)
Please detail the reasons for the remortgage, providing a full breakdown of any capital raising
Original purchase date // / Original purchase price £
Explanation for any increase in value since original purchase
APPLICANTS
Applications in the name of alimited company will require all directors with shareholding of at least 20% to provide a personal guarantee; please complete personal details of guarantor(s). We also require a structure chart to include directors, shareholders, parent companies, interests held by offshore companies/trusts etc.
Limited company name / Limited company net worth £
What is the main operation of your business? / Date of incorporation
Business trading address/ correspondence address
BORROWER 1/ GUARANTOR / BORROWER 2/ GUARANTOR
Title / Title
Surname / Surname
Forename(s)
(including any middle names) / Forename(s)
(including any middle names)
Date of birth / Date of birth
Permanent residential address / Permanent residential address
Years at this address years months / Years at this address years months
Previous address if less than 3 years / Previous address if less than 3 years
Preferred contact number: / Preferred contact number
Does the applicant have a residential mortgage on their home?
Estimated value £ / Yes No / Does the applicant have a residential mortgage on their home?
Estimated value £ / Yes No
If yes, please confirm the following:
Current mortgage balance £ / If yes, please confirm the following:
Current mortgage balance £
Monthly payment £ / Monthly payment £
INCOME, ASSETS AND EXPENDITURE
Personal/ company net asset position £
Adjusted net profit for the latest trading year £
Individual net worth £ / Individual net worth £
Please confirm that the applicant’s personal income is sufficient to support their personal expenditure
/ Yes / No / Please confirm that the applicant’s personal income is sufficient to support their personal expenditure
/ Yes / No
EXPERIENCE
Please detail below the applicant’s experience and trading history. For applicants who have operated but not owned a business, relevant sector experience is a necessity. New business start-ups are not acceptable. (Please feel free to add a CV as supporting information if you feel it would be beneficial).
SECURITY
Number of properties being offered as security
Full addresses of all securities being offered, including postcode
Property type / Semi-commercial / Commercial
Retail / Leisure / Pub / Offices / Industrial
Property description
If there is anything non-standard about the property, title or ownership please give details
ADDITIONAL SECURITY DETAILS
1 / Property address
/ Purchase price/ estimated value £ / Property description / 1st charge / 2nd charge / Outstanding balance
2 / Property address
/ Purchase price/ estimated value £ / Property description / 1st charge / 2nd charge / Outstanding balance
BANKING & CREDIT CONDUCT
Please provide an overview of how the applicant has conducted their credit and banking facilities. We will review bank statements prior to Formal Mortgage Offer, however, it is important to understand if the applicant has had any issues with late or missed payments, returned items or exceeded overdraft facilities. Reference to mitigating circumstances and explanations should be provided within the summary of proposal section below.
Mortgage facilities- any missed payments / arrears in the last 3 years? / Yes No If yes, please provide details below
Other credit facilities –any missed payments / arrears in the last 12 months? / Yes No If yes, please provide details below:
Personal bank account(s) – any missed / returned, unauthorised overdraft usage? / Yes No If yes, please provide details below
Business bank account(s) - any missed / returned or unauthorized overdraft usage? / Yes No If yes, please provide details below
SUMMARY OF PROPOSAL
Please outline the purpose of the loan including full details of the applicant’s objectives along with the merits of the proposal. Mitigating points relating to any negative aspects should also be explained in this section in order for an accurate initial assessment to take place.If the security is to be occupied by a related company, full details should be provided.
DATA PROTECTION CHECKLIST
Please complete all of the items on this checklist. If you are unable to confirm all of the points below, the applicant must complete and sign a Credit Search Consent Form.
I have read the Script for Obtaining Consent to the applicant(s), which includes details about credit reference agency and other searches, and they have confirmed their acceptance to proceed
I confirm that the script usedwas the latest version,taken from the Shawbrook Broker Hub
Date and time consent obtained from applicant / If over the telephone, was the call recorded? Yes No
Print broker name / Date
Broker signature ______
ATTACHMENTS (MANDATORY REQUIREMENTS)
To submit this part for initial review, please provide the following and email through to
Accounts for the last two trading years
Structure chart for group company applications
Broker has checked income meets DSCR requirements
Separate Credit Search Consent Form signed by the applicant(s)
EMAIL: TEL: 01277 751 111 FAX: 01277 751 145
Next stepTo enable your broker to submit your application for a ‘Formal Mortgage Offer’ the following will be required. We would recommend that you provide Items 2-5 to your mortgage broker as soon as possible to avoid any unnecessary delays.
‘FORMAL OFFER’ REQUIREMENTS
1 / Fully completed application form
Please complete all sections in BLOCK CAPITALS. To ensure that we can process your application, it is really important that this form is completed fully. Therefore is there is an area of the form that you are not sure about, please ensure that you discuss this with your broker who will be happy to explain in more detail. You will need to sign the form in Sections 13 & 15. Please ensure that all parties to the mortgage complete and sign the form.
Section 15 is to confirm that all the information contained within the application form is complete and correct.
Section 12 is to confirm that you acknowledge the amount of the broker fee and that it is to be paid out of the mortgage balance on completion.
The issue of the formal mortgage offer of finance is subject to receipt of the full application, supplementary forms, satisfactory valuation, status and acceptance.
The teams at Shawbrook Bank will work closely with your broker to make sure your application is processed as efficiently as possible. You can help us with this by completing all forms fully and providing any originals or supporting information to your broker.
Upon receipt of all documents we aim to provide a response to your broker within 3 working days or 5 working day is the loan is over £750,000
2 / Valuation report
To be instructed by your broker via the Shawbrook Valuation Panel Manager upon payment of the fee from you, the client.
The surveyor will confirm Market Rent on any investment properties.
We recommend you contact local agents to check the current rental income potential for your property.
Any specialist reports and estimates recommended by the surveyor.
3 / 3 months business and personal bank statements
The last three months business and personal current account statements are required for allborrowers/guarantors.
Copies of documents must be certified by a professional personas ‘original seen’ and dated. I.e. a UK lawyer, banker, an authorised financial intermediary or broker, accountant, post master/sub post master.
4 / Signature identification
Acceptable evidence – current signed passport, current full driving licence, or current signed national identity card, current shotgun/firearms certificate.
Copies of documents must be certified by a professional personas ‘original seen’ and dated. I.e. a UK lawyer, banker, an authorised financial intermediary or broker, accountant, post master/sub post master.
5
6 / 12 months mortgage history on all secured personal and business borrowings
Only required if the mortgage history is not included on the credit search facility we obtain. We will highlight this on the Indicative Mortgage Offer issued via your broker.
Acceptable evidence – lender statements or bank statements clearly showing the lender names alongside the debit or payment profile within Insight. This is valid for 3 months from the date of the last proved payment.
If you currently rent your personal residence or business property, you will need to evidence the rent paid by way of 12 months bank statements or a reference from your landlord.
Any other supporting documentation that was requested within the IMO (Indicative Mortgage Offer)
Please note that the above criteria is for guidance only and is subject to change, depending on individual circumstances.
Your contact throughout the process should always be your mortgage broker. However, if there are any issues, please use the contact details below.
All applications are subject to status and acceptance
Shawbrook Bank Limited
REGISTERED OFFICE: LUTEA HOUSE, WARLEY HILL BUSINESS PARK, THE DRIVE, GREAT WARLEY, BRENTWOOD, ESSEX, CM13 3BE.
REGISTERED IN ENGLAND - COMPANY NUMBER 388466. AUTHORISED BY THE PRUDENTIAL REGULATION AUTHORITY AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY AND THE PRUDENTIAL REGULATION AUTHORITY.
EMAIL: TEL: 01277 751 111 FAX: 01277 751 145
1. MORTGAGE DETAILSCase reference number provided on IMO:
In the name of:
1b. MORTGAGE PURPOSE
Purpose of mortgage
Transfer of equity(where a property is being transferred into your name or the limited company name at Land Registry– please note this must be at full market value)
Refinance & capital raising
Capital raising (where the property currently doesn’t have a mortgage and you wish to raise finance against it)
I /we , the undersigned, declare that this loan is wholly or predominantly for the purposes of a business carried on, or intended to be carried on, by me/ us .
Yes / No
In all instances where there is capital being raised (additional monies other than to repay your existing mortgage) we need a detailed breakdown as to how the funds are going to be used.
Debt
consolidation (a) / Property
improvements(b) / Business
expansion(c) / Other (d)
(a) / Debt consolidation – please detail below with all the debts you intend to pay off with the funds raised.
Provider / Limit / Current balance / Monthly payment / Personal/
business debt
£ / £ / £ / P / B
£ / £ / £ / P / P
Did your broker provide you with advice on debt consolidation. Yes No
(b) / Property improvement –
Please detail the improvements you are intending to make, together with the costings and timescales to complete these works.
Detail of work to be carried out (please include if planning permission or change of use is required, and whether you have this in place currently) / Cost / Timescale to complete works
£
£
(c) / Business expansion –
Please provide a written overview as to how you intend to use the funds raised by the refinance to expand your business.
(d) / Other – please provide full details as to what the monies will be used for.
2. PERSONAL DETAILS
Applications in the name of a limited company will require all director(s) with shareholding of at least 20% to provide a personal guarantee and therefore will need to complete the form as a guarantor.
Total number of borrowers(Please note each application form has space for 2 applicants)
Borrower/Guarantor 1 / Borrower/Guarantor 2
Have you ever been known by another name? / Yes / No / Have you ever been known by another name? / Yes / No
If yes, please confirm full details / If yes, please confirm full details
Nationality / Nationality
Country of residence / Country of residence
How long have you lived in the UK? / How long have you lived in the UK?
Marital status / Marital status
Years at current address years months / Years at current address years months
Residential status / Owner / Tenant / With relation/ friends / Residential status / Owner / Tenant / With relation/ friends
Any other contact details that you have not already provided: / Any other contact details that you have not already provided:
Which of these is your preferred method of contact? / Which of these is your preferred method of contact?
Home / Business / Mobile / Email / Home / Business / Mobile / Email
3. PERSONAL INCOME & EXPENDITURE - Completion of this section is mandatory for all Borrowers/Guarantors
3a. Annual income - Please note that if all Borrowers/Guarantors work at the same business and that is the sole income, the information only requires to be completed in Borrower 1/Guarantor 1 section.
Borrower/Guarantor 1 / Borrower/Guarantor 2
Annual salary/drawings £ / Annual salary/drawings £
Regular dividend/bonus £ / Regular dividend/bonus £
Do you own any investment properties? / Yes / No / Do you own any investment properties? / Yes / No
How long have you been letting property? / How long have you been letting property?
How many properties do you currently own? / How many properties do you currently own?
Estimated value of portfolio £ / Estimated value of portfolio £
Total outstanding balance of mortgages on portfolio £ / Total outstanding balance of mortgages on portfolio £
Total monthly rental income from portfolio £ / Total monthly rental income from portfolio £
Other income £
(Please confirm full details in Section A of the Additional Information section of this form). / Other income £
(Please confirm full details in Section A of the Additional Information section of this form).
Self employed / Employed
(full time) / Employed
(part time) / Self employed / Employed
(full time) / Employed
(part time)
Retired / Unemployed / Retired / Unemployed
TOTAL £ / TOTAL £
3b. Personal monthly expenditure - Please note that if all Borrowers/Guarantors reside at the same address, the information is required on the left hand Borrower/Guarantor 1 section only.
Residential mortgage £ / Residential mortgage £
Name of lender £ / Name of lender £
Rent payment £ / Rent payment £
Name of landlord £ / Name of landlord £
Other mortgage payments £ / Other mortgage payments £
Bank loans £ / Bank loans £
Other loans/hire purchase £ / Other loans/hire purchase £
Credit/charge/store cards£ / Credit/charge/store cards£
Council tax £ / Council tax £
Home and life insurance policies £ / Home and life insurance policies £
Electricity/gas/water/telephone £ / Electricity/gas/water/telephone £
Car/travel expenses £ / Car/travel expenses £
Child maintenance £ / Child maintenance £
Food and Grocery £ / Food and Grocery £
Other regular expenses £ / Other regular expenses £
TOTAL £ / TOTAL £
Please note we will perform a sense check that the income generated from the security address is sufficient and we will also check there is sufficient additional income to cover your expenses.