Loan amount required Term of Loan months
Required completion date
Purpose of the loan? Purchase Capital raising Remortgage
How will you pay off the loan at the end of the term? Please provide a full explanation
B. LOAN DETAILS
Alternative Bridging Corporation comprises Alternative Bridging Corporation Limited (Registered No. 07194858) and Alternative Bridging Corporation (Cheval) Limited (Registered No.
04219776). Registered in England at First Floor, Healthaid House, 1 Marlborough Hill, Harrow, Middlesex HA1 1UD. Alternative Bridging Corporation Limited and Alternative Bridging
Corporation (Cheval) Limited are authorised and regulated by the Financial Conduct Authority (FRN:760465) and (FRN: 300608) respectively.
020 8349 5190
finance@alternativebridging.co.uk
alternativebridging.co.uk
APPLICATION FORM FOR RESIDENTIAL REGULATED LOAN
Most delay occurs to inadequate or incorrect information. Please help us to avoid this by
fully completing the form. If you need any help to do this, please call us on 020 8349 5190.
£
2 Imperial Place, Maxwell Road, Borehamwood, Hertfordshire WD6 1JN
ABC CASE NUMBER BORROWER NAME
For office use only
First name(s)
Company name
Network/Mortgage Club
Broker Fee
Which method would you prefer to be shown for the
broker fee: deducted from ours or shown as separate?
Address
Postcode Introducer FCA number
Contact number
Email address
Surname
Deducted
A. INTRODUCER DETAILS
Separate
Title Mr Mrs Ms Dr Other
£
1
Property description
Tenure
C. SECURITY
Freehold Leasehold Years remaining on lease? Years Ground Rent £ PA
Excellent Good
Yes No
Yes No
Fair Poor Renovation needed
Charge
If 2nd charge, is more than 60% for business purposes?
1st charge
2nd charge 3rd Party legal charge
Detached house Semi-detached house Terrace house End of terrace house Flat
Maisonette Cottage Detached bungalow Semi-detached bungalow High-rise flat
D. PROPERTY
Condition of property
Purchase Price
Source of deposit
Original price paid
Any outstanding debt on the property
Payments up to date? Estimated valuation of property
£ £
£
£
Address
NumberPostcode
Contact name and number for access valuation
Name
Who will live in the property?
How many bedrooms does the property have?
Land Registry Title (if known)
Relationship to borrowers?
Yes
No
Does the borrower own any other properties? Yes No
Have they ever lived in the property? Yes No
Is the property income generating?
If Yes, what is the annual net income?
Yes
No
Does the borrower or any related person intend to
occupy the property now or at any time in the future?
Yes
No
Is the borrower resident abroad or is there an intention
to use foreign earnings or assets to repay the loan?
£
E. APPLICANT DETAILS
Title Mr Mrs Ms Dr Other
First name(s)
First name(s)
Surname
Surname
Previous surname
Previous surname
Date of birth
Date of birth
Nationality
Nationality
Residency status
Residency status
NI Number
NI Number
Address
Address
Number of dependant children
Number of dependant children
Postcode Postcode
Address
Address
Postcode Postcode
Home telephone Home telephone
Mobile Mobile
Email
Email
Previous address(es) (if less than 3 years at current address)
Time at this address Years
Time at this address Years
Marital status Marital status
Retirement age
Retirement age
Place of birth
Place of birth
Applicant 1 Personal Details Applicant 2 Personal Details
Title Mr Mrs Ms Dr Other
Yes No Yes NoDo you own your own home?
Do you own your own home?
Most delay occurs to inadequate or incorrect information. Please help us to avoid this by
fully completing the form. If you need any help to do this, please call us on 020 8349 5190.
3
Previous Bridging Experience
In full time employment Self-employed
Unemployed Student
In full time employment Self-employed
Unemployed StudentRetired Retired
Occupation
Occupation
Name of employer
Name of employer
Business sector
Business sector
Length of service with current employer Years
Length of service with current employer Years
Name of your business (if self-employed)
Name of your business (if self-employed)
Business address
Business address
Work telephone
Work telephone
Postcode Postcode
Applicant 1 Employment Details Applicant 2 Employment Details
Yes No Yes No
Have you ever used bridging before?
Have you ever used bridging before?
If yes which lender/provider?
If yes which lender/provider?
Address
Address
Postcode Postcode
Previous address(es) (if less than 3 years at current address)
4
Name of firm
Address
Postcode
Contact Name
Email address
Telephone
F. SOLICITORS DETAILS
Accountant
Address
Postcode
Contact Name
Email address
Telephone
G. ACCOUNTANT DETAILS
Name of bank
Address
Postcode
Account Name
H. BANK DETAILS
Account No.
Length of time with bank
Sort Code
Most delay occurs to inadequate or incorrect information. Please help us to avoid this by
fully completing the form. If you need any help to do this, please call us on 020 8349 5190.
5
Full Address including postcode (private dwelling)
Owned by
Lender
£ £ £ £
£ £ £ £
£ £ £ £
£ £ £ £
Value
Outstanding
mortgage balance
Monthly
mortgage payment
Net Asset Value
ASSETS
Full Address including postcode
Owned by
Lender
Value
Outstanding
mortgage balance
Monthly
mortgage payment
Net Asset Value
Full Address including postcode
Owned by
Lender
Value
Outstanding
mortgage balance
Monthly
mortgage payment
Net Asset Value
Total Value
Total outstanding
mortgage balance
Total monthly
mortgage payment
Total Net Asset Value
I. ASSETS AND LIABILITIES (to be completed for each applicant)
6
Most delay occurs to inadequate or incorrect information. Please help us to avoid this by
fully completing the form. If you need any help to do this, please call us on 020 8349 5190.
Bank/Building Society Deposits
£
Stocks and shares
£
£
£
£
£
£
Other Assets (i.e. vehicles,
jewellery, art)
£
Life assurances
(current surrender value)
ASSETS continued
Bank loan
£
Charge accounts
£
Guarantees
£
Other liabilities
£
Hire purchase & borrowing
LIABILITIES
£
7
Most delay occurs to inadequate or incorrect information. Please help us to avoid this by
fully completing the form. If you need any help to do this, please call us on 020 8349 5190.
Bank Name
Description
Description
Description
Lender
Account Name
Account Name
Lender
Description
Monthly payment
£ £
Monthly payment
MONTHLY EXPENDITURE
Mortgages
£Rent
£ £
£
Council Tax
£ £
Water Rates
£ £Electricity
£ £Gas
£ £Insurances
£
Maintenance
TV License
£
£
Telephone/broadband
Housekeeping (inc.food)
Child care costs
(inc. school fees)
Car expenses
Season ticket/transport
Clothing
Holidays
Entertainment
(sport/leisure etc)
Other
Gross Income (before tax,
NI and pension contributions)
Net income £
Net income £
Other income £ Source Other income £ Source
Gross Income (before tax,
NI and pension contributions)
£
£
J. INCOME & EXPENDITURE
TOTAL LIVING COSTS
Applicant 1 Applicant 2
8
0.00
Most delay occurs to inadequate or incorrect information. Please help us to avoid this by
fully completing the form. If you need any help to do this, please call us on 020 8349 5190.
£
£
Monthly payment
£
££
£
£
££
£
BalanceCREDITORS REMAINING (ie Loan/credit card/HP)
Total creditors remaining
£
£
Monthly payment
£
££
£
£
££
£
BalanceCREDITORS BEING CLEARED FROM LOAN PROCEEDS
Total creditors being cleared
£
TOTAL MONTHLY EXPENDITURE
Total monthly payments
(minus creditors being cleared)
Total monthly income £
Total monthly expenses £
Surplus £
9
K. CREDIT HISTORY
Have you ever been refused a mortgage on the
property to be mortgaged or any other property?
Please provide any additional information you believe will assist the application including any
documents e.g. existing valuation, mortgage offers etc.
Applicant 1 Applicant 2
Yes No Yes No
Have you ever been bankrupt or compounded
with your creditors?
Yes No Yes No
Have you ever been convicted or charged
with any offence other than a driving offence?
Yes No Yes No
Have you made a claim to the
DSS in the last 12 months?
Yes No Yes No
Have you ever entered into an agreement
with creditors?
Yes No Yes No
Have you ever had a judgement for debt
recorded against you or if self-employed/controlling
director, against your company?
Yes No Yes No
Have you failed to keep up your payments
under any present or previous mortgage,
rental or loan agreement?
Yes No Yes No
L. If you have answered yes to any of the above questions, please provide full details
M. Additional Information
10
N. APPLICATION FORM SIGNATURE
O. IMPORTANT INFORMATION / DECLARATION & SIGNATURE
Applicant 1
Date
Applicant 2
Date
Applicant 1
Date
Applicant 2
Date
Most delay occurs to inadequate or incorrect information. Please help us to avoid this by
fully completing the form. If you need any help to do this, please call us on 020 8349 5190.
11
Please note that it is a criminal offence to knowingly or recklessly give false, inaccurate or misleading information when applying for a loan. If you provide such
information, you may be reported to the police and prosecuted.
As a responsible lender, Alternative Bridging Corporation Limited (“ABC” hereafter) will carefully assess the information you have provided in the Application Form in
order to decide whether or not to make you an offer of a Loan. Even if we do issue an Offer Letter to you, we have the right at any time before any loan completes to
withdraw, revise or cancel our offer without providing a reason.
It is important you ensure that all statements you make in this Application Form and other documents in connection with this application are full and accurate and are
correct and that you have read and understood the content of this declaration.
All security property(ies) must be adequately insured, unless indicated to the contrary.
To ABC, its successors and assigns (ABC)
Credit Reference Agencies & Credit Searches
(1) I/We understand and confirm that ABC may make a search or register information about me/us and the conduct of my/our account with a licenced credit reference
agency in order to assist ABC in making credit decisions and occasionally for fraud prevention or for tracing debtors.
Processing of Application
(2) I/We authorise ABC to
(a) make searches of the records at fraud prevention agencies who may provide ABC with information in order to prevent or detect fraud, the information provided
in this application can be shared with fraud prevention agency/ies to prevent fraud and money laundering and to verify my/our identity; this will include a search
for similar applications with other members and if fraud is suspected details will be shared with them which may be used in their decision making and could result
in certain services, finance or employment being refused,
(b) make such enquiries of any person or organisation (including my/our existing or previous mortgage lenders), as ABC considers necessary in connection
with this application; and,
(c) pass information to financial and other organisations involved in fraud prevention to protect ABC from fraud and theft.
(d) Give out information about me/us if you have a duty to do so or if the law allows you to do so.
(3) I/We understand that if I/we give ABC false or inaccurate information and ABC suspect fraud, then ABC will record this; and,
(4) I/We authorise our solicitor or licensed conveyancer acting on my/our behalf to disclose to ABC or its solicitor and confirm that ABC is authorised to disclose
to my/our solicitor or licensed conveyancer, any information relating to this application; and,
(5) I/We confirm that I/we give up any right to claim solicitor/client confidentiality or legal privilege in respect of such information; and,
(6) I/We acknowledge and understand that ABC takes its lending both responsibly and seriously and that as part of its Treating Customers Fairly policy, ABC prefers
to be proactive and assist customers who need to repay their ABC Loan(s); and,
(7) I/We appreciate that ABC needs to ensure that the mortgaged property(ies) that I/we have provided as security for my/our Loan must continue at all times
to be insured and/or,
(8) I/We acknowledge and understand that ABC needs to be able to contact some or all of the following in connection with any Loan that I/we may have with
ABC namely: my/our solicitor, (where appropriate) the intermediary who introduced me/our loan with ABC and the insurance company(ies) that has/have insured
the property(ies) that I/we have provided to ABC as security for my/our Loan.
If we transfer your information to a service provider or agent in another country, we will make sure that the service provider or agent agrees to apply the same levels
of protection as we are required to apply to information held in the UK and to use your information only for the purpose of providing the service to us.
Accordingly, I/we irrevocably confirm that until our Loan has been repaid in full, ABC, its successors and assigns may contact and disclose to any of the above
mentioned person(s) or organisation(s) and they may disclose to ABC such information as ABC may consider reasonably necessary and request from such person(s) or
organisations in dealing with the repayment or refinance of my/our ABC Loan(s) and/or in connection with the insurance of the property(ies) which comprises ABC’s
security.
By signing this Application Form - either electronically or physically signing it - I/we confirm that the information provided is true, accurate and correct and I/we
declare that the information relating to my/our income and outgoings is true and accurate and that I/We am/are financially able to meet all my/our financial
commitments including any interest payments I/we will be required to make on my/our Loan.
Under the Data Protection Act 1998, you are entitled to know what information is held about you on our computers and on certain other records and to ask for
any inaccurate details to be amended. You may also ask which fraud prevention agencies we use and how they use your information. If you have any questions
about the Data Protection Act, or your rights under it, please write to the Data Protection Officer at ABC at ABC Limited, 2 Imperial Place, Maxwell Road,
Borehamwood, WD6 1JN.
WARNING: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE. ONLY SIGN THIS FORM
ONCE YOU HAVE CHECKED THAT ALL INFORMATION IS ACCURATE, ESPECIALLY IF COMPLETED BY SOMEONE ELSE ON YOUR BEHALF