• Your last 3 months pay slips and latest P60 or if you are self-employed, your last 3 years audited accounts/tax assessments.
• Your last 3 months bank statements.
• Passport or full driving licence.
• If you already have a mortgage, your most recent annual statement.
• Your insurance documents such as buildings and contents, and life cover policies.
• Proof of residence (utility bill/council tax bill).

• Searches and Land Registry fees - Your solicitor will conduct official enquiries and searches to investigate the legal title of the property you are buying. They will also register you as the new owner of the property with the Land Registry. The fees associated with carrying out this work are called disbursements and you will need to reimburse your solicitor for these costs in addition to their professional fees.

• Stamp duty land tax - This is a government tax on the purchase of both new and existing properties. Your solicitor will require you to pay this upon completion and before registering your property with the Land Registry.

• Selling your property - You will need to pay your solicitor for all the legal work involved in negotiating with the purchasers of your property, dealing with their enquiries and transferring ownership to them.

Remortgaging your property

• Fasttrac® Remortgage Transfer Service - This remortgage service is available only via our nominated solicitors who will carry out the standard legal work involved in transferring your mortgage to us and will include standard Land Registry fees up to £70 (covers transfers up to £500,000).
  
  Fasttrac® Remortgage Solicitors act only for us and you must obtain your own independent legal and financial advice, if required. You may, however, retain Fasttrac® panel solicitors to complete tasks not covered by the service.

• The Fasttrac® Remortgage Transfer Service excludes:
  • All sums outstanding or payable to the existing lender on or after redemption including deeds production fees, discharge fees, early repayment charges, bank fees for money transfer, redemption statement costs etc;
  • Undertaking any additional work necessary to enable the remortgage to proceed as detailed in the Fasttrac® Handbook supplied before the Mortgage Offer is accepted e.g. deed of postponement, leasehold consents and notices, title issues, re-assignment of life policies, Land Registry requisitions etc;
  • Undertaking any additional work necessary to enable the remortgage to proceed as detailed in the Fasttrac® Handbook supplied before the Offer is accepted e.g. deed of postponement, leasehold consents and notices, title issues, re-assignment of life policies, Land Registry requisitions etc;
  • Sorting and dispatching to you documents of title that are no longer required by the Society. This costs £10.00 plus VAT
  • First registration fees

Please refer to your adviser for details of whether this service is available to you and the costs involved. In some cases we will provide this service to you free of charge.

• Homebuyer report - This is not a full structural report but will focus on essential information, for example, defects and problems which may affect the value and your enjoyment of the property. This is more expensive than the mortgage valuation, but if it shows that work is required, you may be able to renegotiate the price of the property. It may also highlight further investigations that are required.
  
• Structural survey - This is suitable for most types of residential property and will provide a comprehensive report on both construction and condition. It is recommended for properties that are particularly complex, large or over 100 years old, for example. The cost of a Structural Survey will be quoted by your surveyor on an individual basis.

We will be happy to arrange for a surveyor to contact you to discuss your needs. Costs can be kept to a minimum if the surveyor used can also undertake our valuation. 

For properties over £600,000 we will contribute £430.

• Flats - We restrict the level of lending on flats therefore you may need a larger deposit. Please ask for more details. The maximum Loan To Value (LTV) on flats built within the last 12 months has been restricted to 60% LTV.
• New properties - New properties or those less than 10 years old need an acceptable guarantee from the NHBC, Zurich Municipal or the architect, indicating that the construction meets recognised standards.
• Leasehold properties - The lease must have at least 30 years to run after the end of the mortgage term. For example, if you take out a 25-year mortgage, your lease must have at least 55 years left to run from when the mortgage completes.
• Repairs - If we consider that the property needs to be repaired, we may hold some of the money we are lending you until the work has been completed this is called a retention.
• Auctions - You will need to have arranged a mortgage on the property and be in a position to fund the purchase before the auction takes place. Come and see us as soon as possible before the auction date and we will give you details as to how to proceed.

• Repayment Mortgages - Repayment Mortgages require you to make a payment each month. This payment comprises interest on your loan and a repayment of part of the amount borrowed. Repaying part of your loan every month means that the total amount you owe gradually becomes smaller until, when your mortgage comes to an end, your entire loan has been repaid.

To protect your family we recommend that you arrange life assurance to make sure that your loan is repaid in full if you die before your mortgage comes to an end. We will discuss this with you. Life assurance premiums cannot be included in mortgage payments and you must pay these direct to an insurance company.

• Interest Only Mortgages - Interest Only Mortgages require you to make an interest only payment to us each month and payments into a separate savings plan to build up a lump sum to repay the amount borrowed.

We can only offer new mortgages or additional borrowing on an interest only basis to a maximum LTV of 75%.

Please note, your choice of savings plan (and any subsequent changes to it) should always be made in consultation with a Financial Adviser authorized by the FSA. We do not recommend or provide financial advice on any particular savings plan.

It is your responsibility to choose an authorised adviser and to make regular contributions to your savings plan. To help you, the notes with your annual mortgage statement will remind you to check that your savings plan is on track to produce enough money to repay the amount borrowed in full when your mortgage term ends.

For a reasonable administrative charge, and subject to certain criteria, you may be able to change your repayment method. If you want to change, please contact us and we will discuss with you what your new payments will be.

If you wish to change to an Interest Only Mortgage you should have in force a suitable savings plan that repays the loan at the end of the term.