Fillable Application in principle (AIP) commercial investment mortgage (Complete FS)

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Application in principle (AIP) commercial investment mortgage (Complete FS)

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The Application in principle (AIP) commercial investment mortgage (Complete FS) form is 6 pages long and contains:

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  • 73 check-boxes
  • 203 other fields

Country of origin: UK
File type: PDF

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1
Application in principle (AIP)
commercial investment mortgage
Shawbrook Bank Limited, Sunderland, SR43 4AG
Property Finance T 03301 234 521 F 01277 751 145 cm.broker@shawbrook.co.uk property.shawbrook.co.uk
Registered office: Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex, CM13 3BE. Registered in England and Wales -
Company Number 388466. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
20201019_B2B_Collateral_GuidesForms_CommInvAIP_GC
Let’s see if we can lend…
Details requested are essential to provide us with a thorough overview of the proposal and ALL questions
must be answered to prevent a delay in processing.
1. Broker details & FCA permissions
All introducers involved in the transaction must be listed
Shawbrook broker partner name Broker fee amount
(if applicable) (£ or %)
Name of firm Contact name
Telephone Email
FCA permissions
Please confirm you provided the advice
YesNo
FCA number
Other introducer details
Name of firm Contact name
Address
Telephone Email
FCA permissions
Please confirm you provided the advice
YesNo
FCA number
I confirm that the intermediary providing the financial advice on this transaction holds
the correct permissions and is authorised to do so
YesNo
2. Applicant source
Please confirm where the lead was generated from
Introducer from own panel Direct applicant recommended by existing customer
Direct applicant from own marketing campaign Shawbrook referred introducer
Introducer from a network/affinity group Direct applicant referred by Shawbrook
Shawbrook event/show
2
Application in principle (AIP)
commercial investment mortgage
Shawbrook Bank Limited, Sunderland, SR43 4AG
Property Finance T 03301 234 521 F 01277 751 145 cm.broker@shawbrook.co.uk property.shawbrook.co.uk
Registered office: Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex, CM13 3BE. Registered in England and Wales -
Company Number 388466. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
20201019_B2B_Collateral_GuidesForms_CommInvAIP_GC
4. Loan details
Application type
Individual/sole trader Partnership
UK Limited Company LLP Trust
Loan amount £ Term
(Years)
LTV requested % Estimated completion date
Fixed rate?
YesNo If yes, number of years fixed 3 5 10
Product
CI1
CI2 (minimum of 50% of the
property value relates to residential)
CC1
(Complex commercial investment)
Repayment Interest only Part capital repayment Full capital repayment
Please tick to confirm you have discussed all available repayment and interest rate options
with the client
YesNo
Please tick to confirm that this AIP is submitted on your understanding that the borrower
has sufficient experience managing similar assets and meets with our requirements
YesNo
If the term exceeds 10 years, please tick to confirm that the outside portfolio meets our
requirements
(if unsure, please leave blank, or use the online calculator to confirm)
YesNo
Does the customer or a connected business
trade from the security property?
YesNo
Nature of trade
Does the connected business generate more than 30% of the total rental income? YesNo
3. Existing Shawbrook customers
Please confirm if the customer has another product with Shawbrook
We are pleased to offer a 0.25% reduction on the arrangement fee, for any clients who have been party to a Shawbrook
savings account, open for 6 months or more with a £100+ balance, or a formally sanctioned Shawbrook loan
Account number(s)
Asset finance
Business credit
Commercial mortgages
Secured loan
Savings account
Consumer loan
Has the Customer completed a Shawbrook Mortgage within the last 6 months?
YesNo
Does the customer’s cumulative lending exposure to Shawbrook, including any
accounts held in different entities exceed £15,000,000?
YesNo
How many mortgaged Buy To Let properties does the client have?
3
Application in principle (AIP)
commercial investment mortgage
Shawbrook Bank Limited, Sunderland, SR43 4AG
Property Finance T 03301 234 521 F 01277 751 145 cm.broker@shawbrook.co.uk property.shawbrook.co.uk
Registered office: Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex, CM13 3BE. Registered in England and Wales -
Company Number 388466. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
20201019_B2B_Collateral_GuidesForms_CommInvAIP_GC
6. Security Information
How many properties are being offered as security?
For portfolios deals, please complete the
Property Portfolio sheet.
Property address
Security type Commercial Semi-Commercial
(minimum of 50% of the property value relates to residential)
Tenure Freehold Leasehold Feudal No. of years left on the lease years
Property description
Pub Industrial Offices Leisure Retail
Retail with residential accommodation Serviced offices
Residential element
n/a Flat Maisonette House HMO
If HMO, how
many rooms?
Has the external walls been completed with cladding or has cladding been added to the
external walls?
(if yes please discuss this application with a Shawbrook representative prior to submission)
YesNo
If the property is/has a flat
Units in block? Storeys in block
Larger than 30m
2
? YesNo
Is the property in a finished condition, ready to let?
YesNo
If no, please confirm works
Has the property been refurbished/converted within the last 12 months?
YesNo
5. Mortgage purpose
Purchase Refinance/remortgage Refinance & capital raising
Capital raising Transfer of equity
Property Incorporations
Is the property being transferred
to a limited company?
YesNo
(If Yes, please contact the Sales Desk to discuss the transaction and
confirm application requirements)
Remortgage/refinance
Estimated property value £ Date purchased Amount of outstanding finance £
Is there any element of debt
forgiveness from the existing lender?
YesNo
(If yes, please confirm full explanation in section 9)
Where more funds are being borrowed than are currently owed on the property, what will the proceeds be used for?
Debt consolidation Property improvements Purchase another property Existing loan + fees
Other
(please detail)
Original purchase price £
Purchase
Purchase price £ Deposit source
4
Application in principle (AIP)
commercial investment mortgage
Shawbrook Bank Limited, Sunderland, SR43 4AG
Property Finance T 03301 234 521 F 01277 751 145 cm.broker@shawbrook.co.uk property.shawbrook.co.uk
Registered office: Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex, CM13 3BE. Registered in England and Wales -
Company Number 388466. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
20201019_B2B_Collateral_GuidesForms_CommInvAIP_GC
7. Additional security information – only for second charge – for portfolio applications please complete a
Property Portfolio sheet
Property address
Purchase price/estimated value £ Outstanding finance on property £
Property description
House Flat Maisonette HMO Student let
Pub Retail Industrial Offices Retail with residential
Where HMO, confirm
number of beds
Type of security
First charge Second charge
Tenure Freehold Leasehold Feudal No. of years left on the lease years
Has the external walls been completed with cladding or has cladding been added to the
external walls?
(if yes please discuss this application with a Shawbrook representative prior to submission)
YesNo
If yes, cost of works completed £
Is it the clients intention to carry out any works on any of the properties?
YesNo
Is there anything non-standard about the property, title or ownership
YesNo
If yes, please confirm full details
Do any of the properties comprise of more than one self-contained unit?
YesNo How many units?
Please confirm the property will have a Fully Repairing and Insuring lease in place
on or before completion
YesNo
If no, is the property vacant? YesNoIf no, is the property let on licence? YesNo
Number of Tenants Annual Rental Income £
Please confirm that you have checked the DSCR fits on the online calculator
Yes
8. If the main applicant is a limited company or LLP
Limited company or LLP name
Ltd Co or LLP registered trading address
Ltd Co or LLP correspondence address
(if applicable)
Company number UK incorporated?
YesNo
5
Application in principle (AIP)
commercial investment mortgage
Shawbrook Bank Limited, Sunderland, SR43 4AG
Property Finance T 03301 234 521 F 01277 751 145 cm.broker@shawbrook.co.uk property.shawbrook.co.uk
Registered office: Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex, CM13 3BE. Registered in England and Wales -
Company Number 388466. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
20201019_B2B_Collateral_GuidesForms_CommInvAIP_GC
8a. Applicant information
Information Borrower/guarantor 1 Borrower /guarantor 2
Title
Forename(s)
(including any middle names)
Surname
Date of birth
M Y Y YD D M Y M Y Y YD D M Y
Permanent residential address
Correspondence address
(if different from above)
Date moved in
M Y Y YD D M Y M Y Y YD D M Y
Previous address if this is less than 3 years
(Full 3 year address history required)
Date moved in
M Y Y YD D M Y M Y Y YD D M Y
Nationality
Preferred contact number
Personal annual income
(outside of rental stated)
£ £
The applicant’s personal income is sufficient
to support their personal expenditure
YesNo YesNo
Have you ever been convicted of
a criminal offence?
YesNo YesNo
If you answered YES to the above, please provide a full explanation below including what it was in relation to,
when it occurred, and whether the situation has now been fully resolved.
Details
Has an internet search of the applicants or any associated companies revealed
any adverse information?
YesNo
Do any of the applicants have any personal or business adverse credit?
YesNo
Does the client or a related person dwell or intend to dwell at the property being
offered as security?
YesNo
If so, does this part exceed 40% of the total security area?
YesNo
6
Application in principle (AIP)
commercial investment mortgage
Shawbrook Bank Limited, Sunderland, SR43 4AG
Property Finance T 03301 234 521 F 01277 751 145 cm.broker@shawbrook.co.uk property.shawbrook.co.uk
Registered office: Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex, CM13 3BE. Registered in England and Wales -
Company Number 388466. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
20201019_B2B_Collateral_GuidesForms_CommInvAIP_GC
9. 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.
10. Data protection checklist
Must be fully completed before we can complete any searches. Please complete all items on this checklist.
Please confirm who read Shawbrook’s privacy script to the applicant(s): Shawbrook brokerOther introducer
If the script was read by ‘Other introducer’, the Shawbrook broker partner must countersign below and by doing so will
be confirming that: (a) the ‘Other introducer’ is known to them; and (b) the ‘Other introducer’ has read Shawbrook’s most
recent privacy script (as found on the Shawbrook Broker Hub).
I have read the most recent Shawbrook privacy script (as found on the Shawbrook Broker Hub), and which contains
details about Shawbrook’s privacy notice, credit reference agency searches and the C-R-A-I-N to the applicant(s),
and they have confirmed that they wish to proceed with the application.
Date and time script read to the applicant(s)
If by telephone, was this recorded? YesNo
Broker partner signature Other introducer signature
Print Shawbrook broker name Print other introducer name
Date
M Y Y YD D M Y
Date
M Y Y YD D M Y
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Application in principle (AIP) commercial investment mortgage (Complete FS)

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Completed 5 April 2021

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