Fillable Product switch application form (Complete FS)

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Product switch application form (Complete FS)

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The Product switch application form (Complete FS) form is 7 pages long and contains:

  • 2 signatures
  • 40 check-boxes
  • 115 other fields

Country of origin: UK
File type: PDF

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1
Product switch application form
Shawbrook Bank Limited, Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex CM13 3BE
Property Finance, Commercial Mortgages T 03301 234 521 F 01277 751 145 cm.admin@shawbrook.co.uk 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.
20190513_B2B_Collateral_Guides&Forms_ProductSwitchApp_GC
Your broker should have told you how your information would be used by them, including that it would be
provided to us. You should advise us immediately if this was not the case. The way in which we will use your
information is set-out in our privacy notice at https://www.shawbrook.co.uk/privacy-notice/. If you would
like a paper copy of our privacy notice, please telephone our Data Protection Officer on 01277 751110 or write
to them at Shawbrook Bank Ltd, Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood,
Essex, CM13 3BE to request one. By signing this application form you acknowledge that you have read our
Privacy Notice.
This application form must be signed by current mortgagor(s) and guarantor(s) on the existing mortgage.
1. Product switch requirements
How much do you want to borrow?
Enough to repay the outstanding balance only
Enough to repay the outstanding balance plus an additional amount
Additional amount you wish to borrow £
Where you are applying to increase your borrowing, how will the additional funds be used?
Debt consolidation Improvements to the property To use as a deposit for another property
Other use
(please detail reason below)
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.
YesNo
2. Mortgage term, rate and repayment options
Interest only
Please note: this is only available for investment properties. Maximum loan to values apply: Residential and Semi-Commercial/Mixed portfolios 75%,
Commercial 70%
Interest Only
Available over 3 – 25 years. Please confirm the term you require years
Interest Only
30 years (RI0 only)
Interest Rate Option
Variable
(3 month LIBOR tracker,
minimal LIBOR 0.75%)
Fixed 3 year Fixed 4 year Fixed 5 year Fixed 7 year Fixed 10 year
Interest and Capital repayment
Full capital repaid
Available over 3 – 25 years. Please confirm the term you require years
2
Product switch application form
Shawbrook Bank Limited, Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex CM13 3BE
Property Finance, Commercial Mortgages T 03301 234 521 F 01277 751 145 cm.admin@shawbrook.co.uk 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.
20190513_B2B_Collateral_Guides&Forms_ProductSwitchApp_GC
3. Main security property details
Property address
Please list any changes to the property since your original loan completed
Is the property in a finished condition? YesNo
If your answer is no, please provide
full details of any outstanding works
on the property in the “Additional
information” section.
What is the current estimated value? £
What is the current occupation status of the property?
Occupied by you or your business Part occupied by you, part investment Fully rented
(investment)Vacant
If the property is vacant, what is the intended use?
Please provide full details of any claims, notices or disputes in existence in relation to the property
If you have not provided up to date information about your property portfolio within the last three months,
please provide an update on your portfolio position below
How many investment properties do you currently own?
What is the annual maintenance cost of the portfolio? £
Total estimated value of the portfolio £
Total monthly rental income from the portfolio £
Total value of mortgages outstanding on the portfolio £
Total combined monthly mortgage payment £
3
Product switch application form
Shawbrook Bank Limited, Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex CM13 3BE
Property Finance, Commercial Mortgages T 03301 234 521 F 01277 751 145 cm.admin@shawbrook.co.uk 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.
20190513_B2B_Collateral_Guides&Forms_ProductSwitchApp_GC
Owner occupied properties – to be completed if you run your business from the security property
Please enclose the latest financial accounts for your business with your application form
Enclosed
If you are applying to borrow more than 10% of your original loan amount, please include your latest three
months personal and business bank statements with this request
Enclosed
Please confirm any changes to the shareholding of the business, your role within the business, or any new appointments
that have occurred since your original mortgage with us completed. If there have been no changes, please confirm N/A.
Please note that we may not be able to proceed with your application if there have been changes to the business since
your original mortgage completed.
Commercial/semi-commercial investment securities only
Where the security contains a commercial element which is occupied under the terms of a business lease agreement,
please complete the following information: (If there are more than three business leases in place, please complete the
same details in the ‘Additional Information’ section of this form)
Unit 1 Unit 2 Unit 3
Current annual rent £ Current annual rent £ Current annual rent £
Unexpired term Unexpired term Unexpired term
Tenant name Tenant name Tenant name
Rent review dates Rent review dates Rent review dates
Please provide copies of any business leases in place on the security property that have been entered into since your
original mortgage completed. Please note that you are required to obtain our consent before a new business lease is
granted. If it transpires that a new business lease has been granted without our consent, we will require the lease to be
reviewed by our solicitors and additional fees will therefore be incurred.
Residential Investment Property
We require confirmation of the identity of any person aged 17 or over who will occupy the property together with an
explanation of the basis they will occupy. Any licences or leases must be forwarded with your application form:
Name of occupier Date of birth
Relationship to you
(borrowers /guarantors)
Basis on which they occupy
If there are more tenants to detail that space allows for, please detail the remaining tenants on a separate sheet of paper
and return with your application form.
4. Investment property details
How many residential tenants are there? How many business tenants are there?
What is the annual rental income?
4
Product switch application form
Shawbrook Bank Limited, Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex CM13 3BE
Property Finance, Commercial Mortgages T 03301 234 521 F 01277 751 145 cm.admin@shawbrook.co.uk 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.
20190513_B2B_Collateral_Guides&Forms_ProductSwitchApp_GC
5. Additional security property details
This section is to be completed where more than one property is mortgaged under the loan agreement. If there are multiple
additional securities, please detail the same information for all remaining security properties in the additional information
section of this form.
Property address
Please list any changes to the property since your original loan completed
Is the property in a finished condition? YesNo
If your answer is no, please provide
full details of any outstanding works
on the property in the “Additional
information” section.
What is the current estimated value? £
What is the current occupation status of the property?
Occupied by you or your business Part occupied by you, part investment Fully rented
(investment)Vacant
If the property is let, what is the annual rental income? £
If the property is vacant, what is the intended use?
Please provide full details of any claims, notices or disputes in existence in relation to the property
5
Product switch application form
Shawbrook Bank Limited, Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex CM13 3BE
Property Finance, Commercial Mortgages T 03301 234 521 F 01277 751 145 cm.admin@shawbrook.co.uk 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.
20190513_B2B_Collateral_Guides&Forms_ProductSwitchApp_GC
6a. Up to date information about you
Information Borrower/guarantor 1 Borrower /guarantor 2
Title
Forename(s)
Surname
Residential address
Country of birth
National Insurance number
Nationality
Correspondence address
(the address you wish for any correspondence relating to your
mortgage account to be sent)
If this is different to your other mortgage accounts, please tick
if you would like us to update your other accounts with this
new address Yes
Home telephone number
Mobile telephone number
Work telephone number
Email
Preferred contact method
Home Mobile
BusinessEmail
Home Mobile
BusinessEmail
Monthly income (excluding rental) £ £
Total value of your assets (A) £ £
Total personal liabilities (B) £ £
Total net worth (A minus B) £ £
6. Up to date information if the existing main applicant is a limited company or LLP
Limited company or LLP name
Ltd Co/LLP trading address
Company number UK incorporated?
YesNo
0.00
0.00
6
Product switch application form
Shawbrook Bank Limited, Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex CM13 3BE
Property Finance, Commercial Mortgages T 03301 234 521 F 01277 751 145 cm.admin@shawbrook.co.uk 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.
20190513_B2B_Collateral_Guides&Forms_ProductSwitchApp_GC
Please let us know about any additional requirements you have, or any information we should be aware of, to help us
meet your needs. For example:
■ You have specific requirements on how you would like to communicate with us due, for example, to a health condition
■ You would like to receive documents in large print or Braille
■ There are specific times when we should not contact you by telephone, for example, due to medical treatment
■ You are recently bereaved and may find it difficult to have a conversation with us at the moment
7. Additional information – including any changes since the IMO or your other
mortgages completed.
Please use this section to provide any additional information to support your application.
7
Product switch application form
Shawbrook Bank Limited, Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex CM13 3BE
Property Finance, Commercial Mortgages T 03301 234 521 F 01277 751 145 cm.admin@shawbrook.co.uk 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.
20190513_B2B_Collateral_Guides&Forms_ProductSwitchApp_GC
Signature of borrower/guarantor 1
Date
M Y Y YD D M Y
Print name
Signature of borrower/guarantor 2
Date
M Y Y YD D M Y
Print name
Declaration
I/We, the undersigned, declare that the replies to the questions contained herein are true and complete in every respect
to the best of my/our belief and I/We understand that they will be relied upon by, and may form the basis of any contract
between, the applicant(s) and the Shawbrook group company making the advance.
Where the borrower is a Limited company or Partnership
Capacity Capacity
Marketing
From time to time, Shawbrook may wish to send you marketing information and newsletters about our own products and
services by email, SMS and post. We may also wish to call you by telephone about our own products and services. If you
do not want to hear from us in this way, you can opt-out by ticking the options below. If you do not opt-out now, you can
contact us to tell us not to send further marketing at any time. Further details about how to do this, what our lawful reason
is for this processing of your personal information and about your rights under data protection law, including in relation to
marketing, are set out in our privacy notice referred to at the beginning of this application form.
I do not wish to hear from you by email in relation to marketing.
I do not wish to hear from you by SMS in relation to marketing.
I do not wish to hear from you by post in relation to marketing.
I do not wish to hear from you by telephone in relation to marketing.
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Product switch application form (Complete FS)

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Completed 5 April 2021

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