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Release of Property
Application Form (ROP)
Release of Property
Application Form (ROP)
(Please write inside the boxes in BLOCK CAPITALS using black ink.)
The Release of Property application form is to be used when releasing one or more properties from a TMW Portfolio account. The process takes approximately 20
days. Failure to fully complete this application form may delay the release figure:
We receive
your form
2 days
Initial
assessment
2 days
We email you to confirm:
1. Your form has been received
2. O ur requirements and your
next steps
2 - 20 days
We’ll write to confirm
your final redemption
figure
Min. 3 days
We receive any funds
payable and release
the property
A complete guide to the release of property process is available on the TMW website by visiting tmwdirect.co.uk/existing-customers/release-of-property,
or if you’d like to get in touch, we can be contacted on 0345 605 40 40 or you can email us at SL.ROP@nationwide.co.uk
Before you complete this form, please see ‘How The Mortgage Works and Nationwide use your information’ by visiting tmwdirect.co.uk/privacy.
If you’re a broker completing this form on behalf of the applicant, please make sure they have understood how their information will be used.
1. Account details
Account number If the account is held in the name of a limited company please confirm the name
2. Applicant’s personal details
First Applicant Second Applicant
Title
Mr Mrs Miss Other (specify) Mr Mrs Miss Other (specify)
Please enter ALL forenames
Surname
Current address
including postcode
Postcode Postcode
If the residential address
is to be released, please
confirm the new address.
Postcode Postcode
Signatures of both
applicants
Please note that we require signatures f
or both applicants (if there is more than one applicant applying).
Main contact point (Brok
er/
Solicitor/Applicant)
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Telephone numbers
Home
Work
Mobile
Email addresses
First applicant
Secondary applicant
We’ll sometimes use this email address and/or phone number(s) to get in touch with you about your application, or tell you
something important about your account. If you’re a broker completing this form on behalf of the applicant, please ensure
they’re made aware of this. If you are an existing customer, we will update the email address and telephone number(s) we
hold for you.
3.
Use of my information
1. The information you have provided will be held by The Mortgage Works and Nationwide. Further details on how your information will be used is
available at tmwdirect.co.uk/privacy
2. We collect and use your information so we can offer and manage your accounts, confirm your ID, prevent fraud, provide services to you, collect and
recover debt and run our business.
3. We share your information as necessary within The Mortgage Works and Nationwide, with our suppliers and with any third parties you’ve asked to act
on your behalf. Information is shared with our insurance partners when applying for a Nationwide insurance product or it is a benefit of your account
(e.g. FlexPlus).
4. If the law requires or allows us to, we’ll also share information as necessary with other organisations. This includes credit reference agencies, fraud
prevention agencies and other government bodies, regulators and law enforcement agencies.
5. When we share your information with credit reference agencies they’ll use this to check your credit rating, along with the other details you’ve given
us. These checks are part of most account application processes – however, they will leave a record on your credit file that other lenders can see. This
might affect your ability to get credit elsewhere for a short while.
6. When we share your information with fraud prevention agencies they will use the data to prevent fraud and money laundering and verify your identity.
If we believe someone poses a fraud or money laundering risk, we may refuse to provide the product they have asked for and we may also stop
providing services they already have. The fraud prevention agencies will keep a record of any fraud or money laundering risk and this could mean that
other organisations may refuse to provide services, financing or employment.
7. When we transfer information to third parties and organisations, whether inside or outside the UK, we’ll make sure we only give them information
that’s necessary and that your data will stay secure.
8. We may, if applicable, give the Intermediary who introduces this mortgage application to you, a copy of any offer we make or the reason for declining
the application, a copy of any valuation we ask to be carried out, details of any complaints you make before completion and any other information we
consider necessary to process your application through to completion.
9. We only use your information if we have a legal basis to do so, for example, if you have given us consent or if we need to use the information to meet
our obligations to you in our terms and conditions. We may also use your information if necessary to comply with the law or to carry out our legitimate
business interests.
10. You have certain rights when it comes to your personal information including the right to access your data. Further details on these rights and who to
contact are available online at tmwdirect.co.uk/privacy
By making this application, I’m confirming that the other applicant, where applicable, has agreed to share a financial relationship with me. Also, that
they’re happy for Nationwide to authorise searches, and for links and / or recordings of their information to be made with credit reference agencies.
4. Third Party Authority
Account holder name(s): ……………………………………………………………………..................…………………………………
Account number(s): …………………………………………………………………………..............……..………………………………
I / we give my / our authority for ………………………………………………………......................…………………………………
to discuss and receive information relating to my / our mortgage account. This does not give the individual authority to
make changes to the mortgage account and authority is only valid for this ROP request.
Authority for business: I / we confirm the following details for the above named person:
Broker/Intermediary FCA Number / Solicitors Law Society number: ……………………………..……………………………
Correspondence address: ........………………………………………………………….................…………………..…………………
…………………………………………………………………………………………………...................…..…………………………..……
Telephone number: ……………………………………………………………………….................…….………………………..………
Fax number: ……………………............………………………………………………….................…….………………………..………
Email address: …………………………………….............................................................................................................…..........
All parties to the mortgage must agree to the above named having authority on the mortgage account as detailed above; please sign below:
Name: …………………………......………......……........ Signature: ……………………........………..…….. Date: …. …. …. ….
Name: ……………………………............…………........ Signature: …………........…………………..…….. Date: …. …. …. ….
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5. Details of any properties to be released
Address of property to be sold/
remortgaged (including postcode)
Sale price
(if known)
Anticipated
Redemption Date
Reason for request (e.g. Sale,
remortgage or information only)
Customers anticipated
redemption figure
(If known)
Request type (please tick) Individual
Redemption
Combined Redemption
Additional comments regarding the quotation request if a combination of redemption figures are required. If you’d like any further properties released
please provide details overleaf:
We’ll look to apply the funds to the loan with the lowest early repayment charge and highest interest rate.
Please confirm if you do not want TMW to proceed on this basis?
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6. Schedule of properties (held under the above account number)
Please include all properties in this list, including those that are being sold
Property - Existing BTL Security
(including postcode)
Estimated
value
Current/previous
rental income
(per month)
Access Details
(if different from borrower details)
Tenancy type
(Single family let,
HMO, Commercial)
Number of
lettable
rooms
Sub total:
£ £
If more space is required please attach separate sheet and/or schedule of properties.
You must complete the above section fully, including all properties listed in section 5. If you don’t complete this section fully your application will be returned to
you for completion before we can proceed with the Release of Property process.
If properties listed above are uninhabitable or not tenanted, please provide details below:
Additional comments regarding request:
Some of the information you give us may include sensitive information that we r
efer to as ‘special category data’, such as health related matters. We’ll
assume you’re happy for us to record this information and we’ll only use it to help us with your application. If you’re a broker completing this form on
behalf of the applicant, please make sure they’re made aware of this.
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The Mortgage Works (UK) plc (Company No. 2222856) is a wholly owned subsidiary of Nationwide Building
Society and is authorised and regulated by the Financial Conduct Authority (FCA) under registration number
189623. You can confirm our registration on the FCA’s website fca.org.uk
The Mortgage Works (UK) plc also acts as agent and mortgage administrator for Derbyshire Home Loans Ltd
(Company No. 2628265, FCA No. 302586) and for E-Mex Home Funding Ltd (Company No. 02124900, FCA
No.305370). All three companies are wholly owned subsidiaries of Nationwide Building Society, are registered
in England and Wales with their registered office at Nationwide House, Pipers Way, Swindon SN38 1NW and are
authorised and regulated by the FCA.
Most buy-to-let mortgages are not regulated by the FCA.
The Mortgage Works (UK) plc, Portman House
Richmond Hill, Bournemouth BH2 6EP.
Telephone: 0345 605 40 40
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