Residential and Buy to Let Mortgages
Request for a Decision in Principle
Please tick if this application is Advised (All residential cases must be on an advised basis) Execution only
Type of mortgage Residential Buy to Let
(including std code) Fax number (including std code)
FCA registration number Regulatory status Directly Authorised Appointed Representative
Conrm your NACFB membership number
Conrm your Interim Permission number and relevant categories (if applicable)
Is the application being submitted via a Mortgage Club? Yes No
Name of Mortgage Club
The applicant(s) were interviewed face to face? Yes No
I conrm that:
all applicants, the security property and the loan details conform to Precise Mortgages’ lending guidelines. (If you wish to review the latest guidelines
please visit www.precisemortgages.co.uk)
I will notify the applicant(s) of your requirements to assess affordability, the need to provide correct and complete information and that we will not
be able to proceed with the mortgage application if they do not provide that information in the timescales specied and as a result we are unable to
assess affordability. If you wish to review the latest affordability guidelines they are accessible at this link:
I have advised the applicant(s) that :
they are responsible for paying all the conveyancers fees, costs and disbursements including the fees of the conveyancer acting for us in
connection with the mortgage if the borrower chooses to instruct a separate rm to act for them.
the conveyancing fees quoted in the KFI and application form are estimates only for the conveyancing work on the mortgage excluding costs
and disbursements and assumes the solicitor will jointly represent us and the borrower.
the total cost of the conveyancing work may be higher and they should ask for detailed quotations.
Credit decisions and the prevention of fraud
We use credit reference and fraud prevention agencies to help us select suitable products and make decisions.
If false or inaccurate information is provided and fraud is identied, details will be passed to fraud prevention agencies to prevent fraud and money
Further details of how the information held by fraud prevention agencies may be used can be obtained by contacting us at Financial Crime Team,
Credit Risk, Precise Mortgages, PO Box 6037, Wolverhampton, WV1 9QW.
What we do, and how we and credit reference and fraud prevention agencies use customer information, is detailed in our booklet called ‘A Guide to
the use of your personal and business data and Credit Reference and Fraud Prevention Agencies’ (This includes details of The Credit Reference
and Fraud Prevention Agencies that we use). By proceeding you conrm that you have supplied your client(s) with a copy of this booklet and have their
consent to the disclosure and use of their personal information in this way.
We will perform a `soft footprint’ check, rather than a full credit check, to enable you to produce a quotation so it won’t harm their credit rating. When the
enquiry moves to application stage, we will leave a credit application record (`hard footprint’) on your client’s credit le. Please tick the box to conrm that
you have consent from your client(s) for credit searches to be conducted and that you have informed them of the consequences.
The details entered must be accurate and true to the best of your knowledge. If we suspect your involvement in fraudulent activity we will take
appropriate action against you.
I have obtained the applicant(s) consent to proceed with the credit searches described above and informed them of the consequences.