Fillable Saffron Building Society Application Form (Complete FS)

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Saffron Building Society Application Form (Complete FS)

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The Saffron Building Society Application Form (Complete FS) form is 32 pages long and contains:

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  • 27 check-boxes
  • 238 other fields

Country of origin: UK
File type: PDF

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2
Saffron Building Society Mortgage Application Form
Advised Advice Rejected Execution Only
Telephone Face to Face Web Post
Are applicants ‘high net worth’ customers by FCA definition?
Yes No
Are applicants ‘professional’ customers by FCA definition?
Yes No
Will the applicants meet the Saffron Lending criteria?
Yes No
Will the property meet the Saffron security criteria?
Yes No
I declare that all of the personal information contained in this application has been provided
by the applicant(s) I am acting for and, to the best of my knowledge, is accurate and any
misrepresentation by me may render me liable to criminal and civil action.
Section 1 –
Intermediaries only
The following will be required before the application is processed; any missing items will
cause a delay and all documents must be certified as true copies
Valuation fee, as stated in your KFI, plus £135 non-refundable application fee*
Completed Direct Debit mandate (not required for Additional Borrowing or Bridging Loan)
Last 3 payslips and latest P60
If self-employed: 3 years’ accounts or 3 years’ SA302 forms
Last 3 months’ bank statements for all bank accounts held
Proof of deposit
KFI Copy enclosed
Proof of ID (see (where applicable) our website for acceptable proof of ID)
Proof of Address (see (where applicable) our website for acceptable proof of address)
In addition, the following may be required in specific circumstances:
Copy of AST (only required for BTL)
Scaled Plans and Drawings for the property
Planning Permission (outline or detailed)
Detailed breakdown of costs
* Payment of application fee is to be made by card before application is assessed. We will
contact you for payment when we receive the application, or you can telephone us on
01799 582966. The application will not proceed until payment is made. If not paying by
card tick here
and include payment with the application form. Alternative payment
methods may delay the processing of this application.
Before submitting the application, please ensure that all parts of the application form are
completed in full and any documents required are attached.
For any queries regarding this application, please review the submission
requirements guidance on our web site
Please note that if there is more than one applicant, we require the information for each
applicant.
Intermediary company name:
Consultant name:
Financial Services Registration
number:
If part of a network,
give network name:
Name of Packager/Mortgage Club
Your email address:
Telephone number:
Total amount of intermediary fees
to be charged to customer
Sale Information
Product required
Broker’s signature
(where applicable)
Section 2 – Document
checklist
To be completed
for ALL applications
£ When Fee to be Paid
3
Saffron Building Society Mortgage Application Form
Amount on interest only £
Repayment Interest Only Part & Part
If you are requesting any element of the loan on an Interest Only basis the Society, as a
responsible lender, must be satisfied that you can repay the mortgage debt and the interest
that accrues on the account. We require all applications made on an Interest Only basis to
have a suitable strategy in place for the repayment of the mortgage debt at the end of the
mortgage term. Therefore, please complete the Repayment Strategy Summary later in this
application form.
Home improvements
£
Purchase additional land
£
Capital raising used for
Architect Architectural technologist
Other
Section 3 – Mortgage
requirements
£
£
Years Months
1. Purchase price/
Estimated Value
2. Amount of loan required
3. Loan period required
4. Which method of loan
payment do you require?
5. Source of deposit?
6. If a Remortgage state the
current outstanding balance
7. If a Remortgage state
the Original purchase
price and date
8. If any Additional Borrowing.
Please indicate the purpose
9. If a Remortgage or Additional
Borrowing, will there be any
loans secured on the property
other than the Society’s loan?
Self Build/Renovation/
Conversion Only
10. Amount of funds required for
first drawdown?
11. Purchase price of plot/
Renovation?
12. Estimated build costs?
13. Estimated final value?
14. Who will certify the
Improvements at each stage?
£
Yes No
Savings
£
Equity
£
Gift from Relative
£
Other Borrowing
£
Debt consolidation
£
Capital raising amount
£
£
Date
£
£
£
£
Amount
£
Purchase other property
£
Name of 2nd charge lender
10.a Buy To Let - Light Refurbishment
Loan Amount
Current Value
Cost of Works
Estimated
Final Value
£
£
£
£
Total Loan
amount
required
£
4
Saffron Building Society Mortgage Application Form
Section 4 – Personal
details
First Applicant
Married Single
Separated/
Divorced
Living with
Widowed
Civil
partner Partnership
D D M M Y Y Y Y
Yes No
1. Title (e.g. Mr/Mrs/Miss)
2. Surname
3. First names (in full)
4. Have you ever been known by
any other name?
If Yes, please give details
5. Date of birth
6. National Insurance Number
7. Marital Status
8. Nationality
9. Length of residency in the UK
10. If not born in the UK do you
have permanent
right to reside here?
If no, give details
11. Telephone numbers
Work telephone number
Home telephone number
Mobile telephone number
12. Email address
13. Dependents
Full name
Relationship
Date of birth
Dependents
Full name
Relationship
Date of birth
Dependents
Full name
Relationship
Date of birth
Please continue on the “Other
Information”
page if necessary
D D M M Y Y Y Y
Yes No
D D M M Y Y Y Y
D D M M Y Y Y Y
Second Applicant
Married Single
Separated/
Divorced
Living with
Widowed
Civil
partner Partnership
D D M M Y Y Y Y
Yes No
D D M M Y Y Y Y
Yes No
D D M M Y Y Y Y
D D M M Y Y Y Y
Years Months Years Months
From birth
From birth
5
Saffron Building Society Mortgage Application Form
Section 5 – Current
residence details
1. Current address
Postcode
2. Residential status
If Other, please give details
3. Length of residency at
this address
4. If less than 3 years, please list
all previous addresses for the
3 year period.
Postcode
Date
5. Sale price or estimated value
of current residence
if you are the owner
6. If the owner – are you selling?
7. Please provide details of any
existing loan on
your home?
Lender Name and address
Postcode
Mortgage account number
Approximate balance
outstanding
Monthly payment
Date mortgage started
First Applicant
Years Months
£
Yes No
£
£
D D M M Y Y Y Y
We may ask you for proof of conduct of this mortgage
in the form of statements or a Lender’s Reference; your
Lender may charge you for this
Owner Tenant
Living with
Other
parents
Second Applicant
Years Months
£
Yes No
£
£
D D M M Y Y Y Y
We may ask you for proof of conduct of this mortgage
in the form of statements or a Lender’s Reference; your
Lender may charge you for this
Owner Tenant
Living with
Other
parents
Please continue on “Other Information”page if necessary.
From: To: From: To:
6
Saffron Building Society Mortgage Application Form
Section 5 (continued) –
Current residence details
First Applicant (continued)
8. Existing mortgage being
redeemed on completion?
If No, please give details
Please continue on
“Other Information”
page if necessary
9. Apart from details
already supplied, do you
have any other mortgage
commitments or own any
other property?
If Yes, please complete
the Asset and Liabilities sheet
later in this application form
10. If you are currently in
rented accommodation,
please provide landlord/
letting agent details
Address
Postcode
Current monthly
rent paid
Yes No N/A
Yes No
£
Section 6 – Personal
bank details
Name of Bank
Sort code
Address of Bank
Postcode
Your Bank account number
Name(s) of account
holder(s)
Section 7 – Employment
& income
Estimated age of retirement
(if not already retired)
Are you:
Name:
Employed Self-Employed
Director Not Working
Retired
Employed – complete sections 7A & 7C
Self-Employed, Director – sections 7B & 7C
Retired, Not Working – complete section 7C
Contractors – complete as per your main
operating structure (eg. Umbrella = Employed)
Second Applicant (continued)
Yes No N/A
Yes No
£
Name:
Employed Self-Employed
Director Not Working
Retired
Employed – complete sections 7A & 7C
Self-Employed, Director – sections 7B & 7C
Retired, Not Working – complete section 7C
Contractors – complete as per your main
operating structure (eg. Umbrella = Employed)
Years Years
7
Saffron Building Society Mortgage Application Form
Full Time Part Time
Fixed Term
Contract
Yes No
If Yes, please give details
Please continue on “Other Information”
page if necessary
If less than 3 years in current employment,
please give details of previous employment
for last 3 years
Section 7A –
Employed
1. Employment status
2. Is your current job
End date of contract or
temporary employment
3. Job title/occupation
4. Present employer’s name
5. Present employer’s address
Postcode
6. Employer’s telephone number
7. Nature of business
8. Date present employment
commenced
9. Person to contact for
references
Position held
Contact telephone number
10. Gross annual salary
Guaranteed overtime
Non-guaranteed overtime
Bonus
Other allowances
(eg company car)
Percentage of shares owned
in company
11. Are you currently on
probation, or under
notice of redundancy or
in a redundancy consultation
period?
12. Previous employer’s name
13. Previous employer’s address
Postcode
14. Previous employer’s
telephone number
15. Previous job title/occupation
16. How long were you in this
employment
17. Date this employment
commenced
18. Date you left this employment
First Applicant Second Applicant
Full Time Part Time
Fixed Term
Contract
Yes No
£
£
£
£
£
D D M M Y Y Y Y
(If over 35%
please complete
self-employed section)
%
£
£
£
£
£
D D M M Y Y Y Y
(If over 35%
please complete
self-employed section)
%
Years MonthsYears Months
D D M M Y Y Y Y
D D M M Y Y Y Y
D D M M Y Y Y Y
D D M M Y Y Y Y
If Yes, please give details
Please continue on “Other Information”
page if necessary
If less than 3 years in current employment,
please give details of previous employment
for last 3 years
Permanent Contract
D D M M Y Y Y Y
Permanent Contract
D D M M Y Y Y Y
8
Saffron Building Society Mortgage Application Form
Sole trader Limited company
Partnership
£
£
£
per
per
per
Source
Source
Source
Section 7B – Self-
Employed
1. Business name
2. Nature of business
3. What is your position in the
Company
4. On what basis do
you trade?
% shareholding?
5. How long have you
been trading?
If less than 3 years trading,
please give details of previous
employment
6. Business address
Postcode
7. Telephone number
8. Company registration number
9. Accountant’s name
10. Accountant’s address
Postcode
11. Accountant’s telephone
number
12. Accountant’s fax number
13. Accountant’s email address
14. How long have they been
your accountants?
If less than 3 years, please
give details of previous
accountant’s name, address
and telephone number on
“Other Information” page
15. Financial year end date
16. Net Profit over the
last 3 years
First Applicant Second Applicant
Sole trader Limited company
Partnership
Years Months
Years Months
D D M M Y Y Y Y
£ £ £
Year end 20 Year end 20 Year end 20
Section 7C –
Other income
All customers to complete
(e.g. pension, investment,
maintenance, rent,
dividends etc.)
£
£
£
per
per
per
Source
Source
Source
%
% of shares owned:
Years Months
Years Months
D D M M Y Y Y Y
£ £ £
Year end 20 Year end 20 Year end 20
%
% of shares owned:
9
Saffron Building Society Mortgage Application Form
Section 8 – Outgoings
and credit declarations
Outstanding
balance
Monthly
payments
Remaining
term
To be repaid on
completion?
Name of bank/
finance company, etc
In whose name Reference number Have payments
been kept up
to date? If No,
please give
details
£ £
Yrs
Y N Y N
£ £
Yrs
Y N Y N
£ £
Yrs
Y N Y N
£ £
Yrs
Y N Y N
£ £
Yrs
Y N Y N
1. Please give details of all personal loans (including student loans), credit cards (including those with zero
balances), hire purchase loans, liability for rents, service and maintenance charges under any lease, etc.
Please use Other Information page, if required.
2. Do you make any
maintenance or child support
payments?
If Yes, please give details
Do you have any other
liabilities? (if Yes, please give
details in Assets and Liabilities
Schedule page)
3. Have you ever:
Been in arrears with your
mortgage payment/rental
payment or any other loan?
Been refused a mortgage?
Been declared bankrupt or
had a bankruptcy petition
presented against you?
If Yes, date of discharge
Discharge certificate
enclosed?
Been refused credit?
Had a County Court Judgment
registered against you?
Failed to keep up payments on
another loan?
Had a property repossessed
voluntarily or otherwise?
Have you any pending or
imminent court proceedings
against you?
If you have answered Yes to
any of the above questions,
please give details on the
“Other Information page”.
4. Are you aware of any likely
future changes to your
income or expenditure that
may significantly impact your
on-going ability to meet your
mortgage payments?
For example: Retirement
before the end of the term,
commitments becoming due
during the mortgage term. If
so, please give details.
Please inform the Society as
soon as possible of any changes
in your circumstances after
your application is submitted.
First customer Second customer

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No
D D M M Y Y Y Y
Voluntary Mandated Payments
££
per mth per mth
Court Order
£
per mth

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No
D D M M Y Y Y Y
Voluntary Mandated Payments
££
per mth per mth
Court Order
£
per mth

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No
If Yes, please give details
10
Saffron Building Society Mortgage Application Form
Section 9 – Property
details
Is this your current residence?
1. Address (only if No)
Postcode
2. Are you related to the present
owner?
3. Type of property
If Other, please give details
Please continue on “Other
Information” page.
4. If the property is a flat or
maisonette, please give full
details
5. What type of construction is
the property?
WALLS
If Other, please give details
ROOF
If Other, please give details
6. If the property to be
mortgaged comprises land or
outbuildings in addition to
residential gardens/garages,
please enter the approximate
acreage and other details
7. Age of property
If less than 10 years old, is there:
Architect’s certificate
NHBC
Premier Guarantee
Zurich Building Guarantee
BLP
Other
8. Are there any planning
restrictions (e.g agricultural
restrictions, listed buildings
etc.)? If Yes, please
give details on “Other
Information” page
9. Tenure
If Leasehold, please enter
unexpired term of lease
If ground rent or service
charge payable, please enter
annual amount
10. Accommodation:
Number of:

Yes

No

Yes

No If yes, please state relationship

Detached

Semi-detached

Terrace

House

Bungalow

Flat/maisonette

Other

Studio

Converted

Purpose built
Flat is on which floor? How many storeys in the block?
Is the flat ex-local authority?
Are any flats/maisonettes over retail/business premises?

Yes

No

Yes

No

Brick

Stone

Timber frame

Other

Slate/Tile

Thatch

Flat

Other
Years
Acreage
Use of outbuildings/land

Yes

No

Yes

No

Yes

No

Yes

No
Name of other:

Yes

No

Freehold

Leasehold
Years
Ground rent
£
pa
Service charge
£
pa

Bedrooms

Living rooms

Bathrooms

WCs

Kitchens

Outbuildings

Parking Spaces

Garages

Yes

No

Yes

No
11
Saffron Building Society Mortgage Application Form
Section 9 (continued) –
Property details
11. Are you currently occupying
the property?
12. Is this a Right to Buy
purchase?
13. Are you purchasing as a
sitting tenant?
If Yes, start date of current
tenancy agreement
14. Are you purchasing under
shared ownership scheme?
How much rent will you
be paying to the shared
ownership body each month?
Name of association/
authority you are purchasing
from
Percentage share of the
property you are purchasing
Property value/Sale price
15. Will there be any occupants
of the property over age 17,
other than the applicants?
If Yes, please give details
BUY TO LET ONLY
Anticipated gross monthly
rental income for security
property
NEW BUILD PROPERTY ONLY
If you are receiving a
discount, please give price
before and after discount.
Are you receiving any other
incentives (furnishings, legal
expenses, etc)? If Yes, please
give details
After the purchase is
completed, will you receive
any cashback or other
incentive. If Yes, please give
details
Is the property defined
as HMO?

Yes

No

Yes

No

Yes

No

Yes

No
D D M M Y Y Y Y
If Yes, discounted price:
Open market valuation:
£
£
£
%
£

Yes

No
£
per month
Purchase price before discount:
£
Purchase price after discount:
£

Yes

No

Yes

No
Section 10 – Agents
details/Contact for access
1. Name of selling agent/contact
2. Address of agent/ contact
Postcode
3. Telephone number of selling
agent / contact
4. Email address of selling
agent/contact
Occupant(s) name
Relationship to applicant
D.O.B
Does the property require licensing
by the local authority as an HMO?

Yes

No

Yes

No
12
Saffron Building Society Mortgage Application Form
Section 11 –
Supplementary declaration
Buy to let/Residential investment lending only
1. Tenants
Are you related to the tenant/
proposed tenant?
If Yes, please state
relationship
2. Tenancy checks
In order to assess the
suitability of tenants, please
give details on what checks
you carry out:
Existing landlords reference
Bank reference
Credit reference search
Other – please give details
3. Property Management
Do you use/intend to use
a property management
company or letting agent in
respect of the property to be
mortgaged
If yes, please give details
Name and address of letting
agent/company
Postcode
Telephone number
4. Tenancy voids
If you already own the
property, have you had any
tenancy voids during the past
3 years?
If Yes, please provide details
5. Deposit/advance rent
Please state the amount
of deposit or advance rent
you propose to take/have in
respect of the property to be
mortgaged
6. Property insurance
7. Assured shorthold tenancy

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No

Yes

No
£
Please note that the society will require proof that the property is covered by an acceptable building
insurance policy which must acknowledge that the property is/will be tenanted and the Society’s
interest will be noted.
The Society requires that all lettings made or to be made will be defined by the Housing Act 1996 and
the borrower will be entitled to orders for possession against each of the prospective tenants upon
and following expiry of each of the respective terms.
13
Saffron Building Society Mortgage Application Form
Section 12 – Nominated
solicitors details
1. Name of Solicitor
2. Firm name and address
Postcode
3. Telephone number
5. Number of partners
The Society may use your nominated solicitor to act in the mortgage transaction where those solicitors
have a minimum of 2 SRA approved managers.
If you wish to use a solicitor who does not meet the criteria the Society will instruct a firm to act on our behalf.
You will be responsible for the payment of fees and disbursements relating to this separate representation.
Section 13 – Property
valuation
A Valuer will be instructed to inspect the property and and will carry out a standard valuation and will
make a report to enable the Society to determine the value of the property for mortgage purposes.
Where an internal inspection is conducted you will be given a copy of the Valuer’s report but it is
emphasised that the report is not a structural survey.
Standard Valuation: a basic check on the property that won’t necessarily highlight areas that may
cause concern. This is not a structural survey and is a report to enable the Society to determine the
value of the property. The report is carried out on behalf of the Society alone and although we will
provide you with a copy for information, you should not rely on it in your decision to purchase the
property and no responsibility is implied or accepted by the Society.
No responsibility is implied or accepted by the Society or the Valuer in respect of the condition or value
of the property. We strongly recommend that you arrange a more comprehensive inspection for your
own protection, as there may be defects in the property which such an inspection would reveal. The
Valuer whom the Society instructs may be prepared to undertake this for you.
Only the Standard Valuation is covered by the valuation fee charged by the Society. The current fee
scale for Standard Valuations is available on our web site.
Please tick one of the boxes below to indicate if you require an additional survey report to be carried
out with the Standard Valuation.
The Valuer will contact you directly to advise of the cost if you have chosen an additional report and
make appropriate arrangements for you.
RICS Home Buyer Report: This Report will give you information on the condition of your property
and advice to your Solicitor, plus a market valuation and insurance reinstatement cost. There will
also be a dedicated section to provide advice on repairs and ongoing maintenance requirements.
Structural survey: This report gives you a comprehensive structural report and property inspection
outlining all the potential problems with the property, a description of all the defects, a list of
repair options and details of any serious and dangerous risks. This report is particularly good for
older and period properties.
For Self Build / Development Valuation, please see the Product Guide on our website.
1. Type of valuation
report preferred
1. Name of Solicitor
2. Firm name and address
Postcode
3. Telephone number
5. Number of partners
ExPat Only
Please confirm the name and address of a UK nominated solicitor whom the society is able to serve notice on in
the event of a default. Only if different to above.
4. Fax number
4. Fax number
Section 12a – Expat Only
Nominated solicitors
details
14
Saffron Building Society Mortgage Application Form
Section 14 – Income
expenditure planner
Income
Main employment
(take home pay)
Secondary employment
(take home pay)
Investment & other income
(please state the source)
TOTAL NET MONTHLY INCOME
Expenditure
Anticipated mortgage payment
Endowment/Life Assurance
premium
Buildings/contents insurance
Accident, Sickness &
Unemployment insurance
Shared ownership rent
Ground rent/service charge
Repairs
TOTAL MONTHLY HOUSING COSTS
Council tax/water rates
Electricity/Gas etc
Telephone
TV licence/Sky/Cable subscription
TOTAL MONTHLY UTILITY COST
Food/Cleaning/Washing
Clothing/Hairdressing
Healthcare/Dentist
Pension costs
TOTAL MONTHLY GENERAL COSTS
Maintenance
Car loan/Personal loan/HP
Credit cards/other
TOTAL FIXED MONTHLY
COMMITMENTS
Childcare
Public transport/Petrol
Tax/Insurance/repairs etc
TOTAL MONTHLY TRAVEL COST
Other (inc: Holidays,
entertainment, pet bills etc)
TOTAL MONTHLY SUNDRY
EXPENSES
TOTAL MONTHLY INCOME
TOTAL MONTHLY EXPENDITURE
EXCESS OR DEFICIT OF INCOME
OVER EXPENDITURE
First applicant Second applicant Total
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
Residential Purchase/Refinance only
15
Saffron Building Society Mortgage Application Form
Section 15 – Household
insurance
I have already arranged my own
buildings and contents cover
I have already arranged my
insurance with my independent
mortgage broker
If you have already arranged
alternative insurance cover please
supply the following information:
Name of insurer
Policy number
Renewal date
Saffron Building Society requires that you have adequate Buildings Insurance Cover in place
at exchange of contracts (if a new purchase) or on or before completion of your mortgage if a
remortgage. You will be required to sign an Insurance Declaration, which will be supplied to you by
your Solicitor.
Deciding who you want to protect your property and its contents is an important decision and the
Society feels that you should be able to select the level of cover needed to meet your requirements.
In all cases, I/we understand and agree to accept sole responsibility for the choice of insurer, the
sum insured, the extent of cover and the financial consequences of any terms, conditions or excesses
imposed.
We understand and agree to:
1. Ensure the sum insured is not less than the rebuilding figure given in the valuation report and is
index-linked annually.
2. Ensure that the cover provided by the policy includes financial protection against loss or damage
to the property for all major insurable perils, including but not restricted to: Fire, Flood, Storm,
Theft, Escape of Water, Malicious Damage, Subsidence, Landslip and Heave.
4. Undertake to pay all premiums as they fall due and to maintain the policy cover for the life of the
mortgage.
5. The Society accepts no responsibility for any loss suffered by me/us in connection with the
insurance of the property, however caused.

(Please complete details below)

(Please complete details below)
D D M M Y Y Y Y
Please provide full details of all properties owned and to be purchased, to include all borrowings, both business and personal.
Property Purchase Price
and Date
Current Value Loan
outstanding
Lender Annual cost of
borrowing
Name of tenant Annual rental
income
Terms of lease or tenancy (include
length and commencement date)
Section 16 – Assets
and liabilities
16
Saffron Building Society Mortgage Application Form
17
Saffron Building Society Mortgage Application Form
To be completed for all loans with any interest-only element
Tell us below how you intend to pay back the money that will still be owed at the end of the mortgage.
• The repayment strategy you illustrate for us here must demonstrate the potential to repay the TOTAL amount expected to remain at
the end of the mortgage term (ie, the interest-only amount).
• You can use more than one type of repayment vehicle in your plan to repay the loan. You will be required to provide evidence in
support of your plan before the Society releases any funds.
• The following information is a guide only. The Society will not make a lending decision until we have satisfied ourselves a viable
repayment plan can be evidenced.
Repayment vehicle type Our acceptability criteria
Sale of security property Only acceptable in (non-bridging) owner-occupier purchase/refinance applications if there is an
excess of £250,000 unsecured equity in the property at the point we make our Offer to lend. We will
require written details of how the customer expects to downsize. We will assess the feasibility based
on location, size and type of property and the expected household composition at that time.
This is being used for
£ _____________ of the debt.
Sale of other UK residential
property currently owned
The unsecured equity in the property must be at least equal to the requested loan amount at the
point we make our offer to lend. Customer should provide a full assets and liabilities summary
which includes an estimated value of the property; this will then be checked for reasonableness.
A land registry search will confirm ownership and that no other interested parties exist that are
not on the application for borrowing. Where any borrowing exists against the property the level
of borrowing will be checked against the credit check or by requesting a certified copy of last
mortgage statement.
This is being used for
£ _____________ of the debt.
Property type – House Flat Bungalow Other
Number of bedrooms ____________________ Post Code of Property ____________________________
Title number at Land Registry _______________________________________________________________
Current mortgage outstanding £ ____________________
Endowment plan or
mortgage-linked ISA
Mid-point projection of growth outcome at term end as detailed in certified copy of latest
statement (no more than 12 months old) or illustration.
This is being used for
£ _____________ of the debt.
£ ____________________ term value of mid-point projection
£ ____________________ monthly contribution
Managed investment plan A certified copy of the latest statement or Illustration (no more than 12 months old). 100% of the
projected mid-point value will be used in the assessment of the repayment strategy.
This is being used for
£ _____________ of the debt.
£ ____________________ current value
£ ____________________ monthly contribution
Reversion to Capital and
Interest repayment basis
Maximum term of 2 years.
Exit strategy will be to remortgage in accordance with normal lending criteria. Evidence of an
offer to lend on a repayment basis will be required or evidence of meeting affordability with the
Society on a repayment basis.
No term extension will be considered.
This is being used for
£ _____________ of the debt.

The product being requested meets the above criteria.
Personal Pension A certified copy of the latest pension statement or illustration (no more than 12 months
old). Benefits must be payable no later than the mortgage term date. 100% of the projected
mid-point value of the allowable lump sum drawdown will be used in the assessment of the
repayment strategy, the level of monthly investments will be factored into the expenditure where
appropriate.
This is being used for
£ _____________ of the debt.
£ ____________________ current value of Retirement Grant
£ ____________________ monthly contribution
Other You will be required to provide a detailed explanation of your repayment vehicle.
Please see the notes section for the repayment vehicles which ARE NOT acceptable.
This is being used for
£ _____________ of the debt.
Section 17 – Interest-
only repayment strategy
summary
18
Saffron Building Society Mortgage Application Form
Notes:
• In assessing your repayment strategy the Society IS NOT providing advice on your repayment strategy or making any guarantee
that your strategy will be sufficient to repay the outstanding debt at the end of the mortgage term.
• All beneficial owners of property, equity, assets or investments being used as a repayment vehicle are required to be named
parties to this mortgage.
• The following ARE NOT acceptable as a repayment strategy for a mortgage debt with the Society:
– An expected inheritance
– An expectation that the property value will increase
– Stocks & Shares/ISAs/Unit Trusts/Investment bonds/Open Ended Investment Companies
– Expected Bonus
– Cash Savings
– Sale of personal non-real estate assets
– Any speculative repayment strategy
• You should review your repayment strategy regularly during the term of the mortgage to make sure it retains the potential to
repay the debt.
• As a responsible lender, the Society may from time to time ask you to provide information about the repayment strategy you have
in place to repay the mortgage debt.
• If you are unable to satisfy us that the repayment strategy remains on track to repay the outstanding balance on the mortgage,
we may discuss with you the transfer of some or all of the mortgage onto a capital and interest repayment basis.
• It is your responsibility to ensure you have sufficient funds to repay the outstanding balance at the end of the mortgage term. If
you are unable to do so, your property may be repossessed and sold to repay the outstanding balance.
• The Society will periodically review repayment strategy criteria and our list of acceptable strategies is subject to change.
• Future requests for additional borrowing or other mortgage services may be subject to the provision by you of suitable evidence
of repayment strategies that meet the prevailing criteria.
If you require more space please continue on the ‘Other Information’ page following this page.
Are you confident that you will be able to afford to fund your repayment strategy throughout the term of the mortgage?

Yes

No
19
Saffron Building Society Mortgage Application Form
The Application and Valuation fees are payable in advance. The other fees will be deducted from the funds payable to you on completion,
unless you choose to add them to the loan by ticking the boxes below. Where applicable please speak to your solicitor about the payment
of these fees. The gross LTV of loan and fees cannot exceed 95%.
Fee Mandatory Refundable Add to Loan
Application Yes No Not possible
Valuation Yes If Valuation not carried out Not possible
Completion Yes No
Yes
Arrangement Product Specific No
Yes
Please provide any additional information you believe to be relevant in support of the mortgage application. When giving additional
information, please confirm the section number and question the information relates to. For example: ‘Section 4.4 Other Names – I was
known by the name John Dell prior to September 2010’.
Section 18 – Fees
Section 19 – Other
information
IF YOU ARE UNSURE ABOUT THE IMPLICATIONS OF CHOOSING TO ADD THE FEES TO THE LOAN OR NOT PLEASE
REFER BACK TO YOUR ADVISER BEFORE APPLYING FOR THIS MORTGAGE.
20
Saffron Building Society Mortgage Application Form
To be signed by all applicants
By applying for a mortgage I confirm that I understand and affirm the following statements:
1. Applications and Representations
The Society reserves the right to reject my application, or withdraw any offer of
mortgage, without giving any reason. No person (other than an employee of the
Society) is empowered to make any representations or give any undertaking, on behalf
of the Society in relation to the mortgage applied for, and the Society shall not be
liable for any such representations or undertakings.
2. Valuation
The Society will provide me – for information only – with a copy of the Mortgage
Valuation Report. The Society and the Valuer accept no responsibility to me for the
accuracy of the Mortgage Valuation Report. If advice about the structural condition of
the property is required an appropriate report must be obtained separately by me.
3. Intermediaries
I agree that if a third-party intermediary submitted this application on my behalf the
Society may liaise with this third-party about any matters connected with my mortgage
application and my mortgage, including any complaint about my mortgage application
or mortgage, unless otherwise instructed by me.
4. Assignment
The Society may, without notice or consideration, transfer or assign, either in whole
or in part, any loan, mortgage or policies of life assurance or other security made in
connection with this mortgage application to any company, person, or body. Any such
transfer will not affect my guarantees.
5. KFI
That, if this application is for a Regulated Mortgage Contract, I have seen, read and
understood a copy of the Key Facts Illustration (KFI) applicable to this mortgage
application.
6. Fees
I agree that where it is indicated in the KFI or Mortgage Offer that a fee is not
refundable, I am aware of this.
7. Credit Reference Agencies
Credit reference agencies collate information about how individuals manage the
money they borrow from lenders, whether it be a mortgage, personal loan, credit card,
overdraft or any other type of loan.
When making decisions the Society may carry out searches of my personal information
with one or more licensed credit reference agencies that will retain a record of the
search that may be seen by other organisations making searches of the information
held with these agencies. The Society may also make further searches during the term
of the agreement to assist in managing my mortgage account.
Information held about me and the account by credit reference agencies may already
be linked or “associated” to records relating to me, a partner, or anyone else whom I
may be financially “associated” with. My ability to obtain credit may be influenced by
the records held by credit reference agencies about me, or any person associated to me
in this way.
8. Fraud Prevention Agencies
The Society may also search and record my details with fraud prevention agencies. If
false or inaccurate information is provided by me and fraud is identified, details will
be passed to fraud prevention agencies and may be shared with other organisations
making searches of the information held with these agencies. Law enforcement
agencies may access and use this information.
The Society, credit reference agencies, and fraud prevention agencies may use the
records for statistical analysis about credit applications and about insurance and fraud.
9. Credit Scoring
The Society may use a credit scoring or other automated decision-making system when
assessing my application.
10. Credit Products
The Society and other organisations may also use this information to prevent fraud and
money laundering for example, but not limited to, by:
i. checking details on applications for credit and credit-related or other facilities
ii. managing credit and credit-related accounts or facilities
iii. recovering debt
iv. checking details on proposals and claims for all types of insurance
v. checking details of job applicants and employees
vi. checking existing open accounts of other lenders to prevent and/or
detect fraud
If I do not provide relevant information the Society may not be able to offer me the
service I require. Information from this application and subsequent management of
the amount will be maintained on both the Society’s accounting system and central
databases.
The Society may request additional information or confirmation of information
provided in my application.
The Society may apply to employers or other relevant third-parties for references in
respect of this application. In considering the application the Society will search my
records, including previous and subsequent names of parties to an account, at credit
reference agencies who will add details of the search and this application to my record.
The Society may undertake a search with a credit reference agency for the purposes of
verifying my identity. To do so, the agency may check the details I supply against my
particulars on any database (public or other) to which they have access. A record of the
search will be retained.
( Please write to The Financial Crime Team, Saffron Building Society, Saffron House, 1A Market
Street, Saffron Walden, Essex CB10 1HX if you want to receive details of the relevant fraud
prevention agencies. The Society and other organisations may access and use from other
countries the information recorded by fraud prevention agencies. )
11. Guarantor mortgages only
If this application relates to a guarantor mortgage then the person acting as my
guarantor (which term also includes any person providing a cash deposit secured
by a Deposit Agreement (Third Party)) will be required to obtain independent legal
advice from their solicitor before entering into any guarantee or other documents.
The guarantor will be provided with a copy of the Mortgage Offer and Mortgage
Conditions. In addition, the guarantor will receive copy communications relating to the
mortgage account and its conduct. In signing this application I agree that information
may be disclosed to the guarantor in this way.
12. What the Society will use my information for
I understand that it is important to the Society that personal information about me
and my account is treated as private and confidential. The Society will hold and deal
with my personal data in accordance with the Data Protection Act 1998 or successor
legislation.
The Society may use the information given in this application for credit assessment,
including credit scoring, making such enquiries and taking such references relating to
me as considered necessary for the purposes of assessing my mortgage application.
The Society may share information about the property or its value with third parties for
the purpose of providing information to help in valuing properties.
The only times The Society will disclose information about me are set out below:
i. Where I have consented (and I note that in this form I give consent to disclosure for
various purposes)
ii. If it is in the public interest to do so, or the Society is required to do so by law or
any regulator
iii. To the Society’s agents and others (including professional advisers) who work on its
behalf
iv. To obtain quotes from providers of insurance on an on-going basis
v. Where I have consented below, for marketing purposes
I agree, that the Society may use and share my information:
i. To administer the account
ii. To prevent fraudulent activity
iii. For debt recovery
iv. For customer surveys
v. For management and regulatory reporting
vi. To help build a picture of me for credit/insurance assessment and marketing
purposes
If the Society transfers my information to a service provider or agent in another country
it ensures that person agrees to apply the same level of protection as the Society is
required to apply to information held in the UK, and use the information only for the
purpose of providing a service to me.
Both incoming and outgoing telephone calls may be recorded and monitored for
training and quality control to monitor compliance with any regulatory requirements
and to establish facts.
A copy of any personal data held by the Society can be made available to me on
payment of a fee. I have a legal right to see these details. If any data is shown to be
inaccurate it will be corrected without delay.
( For more details, please write to Data Controller, Saffron Building Society, Saffron House, 1A
Market Street, Saffron Walden, Essex CB10 1HX ).
13. Marketing
If I choose, the Society may also use and share information including contact details,
information contained in this application and of any services it provides with other
members of its group of companies or with carefully selected partners so that I may
be kept informed of news and marketing initiatives including mortgages, savings and
investments, life products, loans, and credit cards, general insurance and financial
planning services, and of competitions or offers that may be of interest to me. The
Society will use various marketing methods in this respect.
I indicate that I DO NOT wish to receive such information by ticking the appropriate
box: by
email by post by telephone
I note that I may withdraw my consent at any time by writing to Mortgage Services,
Saffron Building Society, Saffron House, 1A Market Street, Saffron Walden, Essex CB10
1HX
14. Association
Another person’s records will be “associated” with mine by the Society when:
i. There is a joint application
ii. I advise The Society of a financial association with another person
iii. If the credit reference agencies have existing linked or associated records
This “association” will link records at the credit reference agencies and may be taken
into account in any future credit applications by the relevant individuals. This shall
continue until one person applies to the credit reference agencies and is successful in
filing a “disassociation”.
Therefore I MUST ensure when making a joint application or advising the Society of
some other financial association that I am entitled to:
i. Disclose information about joint applicants and anyone referred to by me
ii. Authorise the Society to search, link or record information at credit reference
agencies about me and anyone referred to by me.
15. Disclosure
On a monthly basis the Society may give credit reference agencies details about
payments I make and the status of my account to help the Society and other lenders
make credit decisions about me (and the people associated with me) in the future.
If I exceed agreed limits and the amount owed is not in dispute and I fail to make
satisfactory repayment proposals following formal demand, the Society may register
this with credit reference agencies.
Section 20 – Application
Declaration
21
Saffron Building Society Mortgage Application Form
Please ensure all applicants have read and understood
this document before signing.
In this document “I”, “me”, “my”, “mine” means each of the applicants to the mortgage application referenced
above, “the Society” means Saffron Building Society (and its successors, transferees and assigns).
I declare that, as far as I know and believe, the information I have given in this application is true and that if I provide any false, inaccurate
or misleading information it may constitute a criminal offence on my part, which may lead to a criminal prosecution, and imprisonment
and/or a fine; further, that it may lead to a civil action against me for recovery of any losses that the Society incurs.
Other than as indicated in section 13 of this application declaration, the Society may communicate with me in relation to the
administration of this application and any subsequent mortgage account by email, post or telephone.
In addition, when I give the Society information about another person, I am acting with their knowledge and approval, and have their
authority to agree to the processing of their personal details.
Signatures of applicants
Print name Signature Date of Signature
Section 20 (continued) –
Application Declaration
22
Saffron Building Society Mortgage Application Form
This guarantee should be detached and retained by the Payer.
This Guarantee is offered by all Banks and Building Societies that accept instructions to pay Direct Debits
If there are any changes to the amount, date or frequency of your Direct Debit Saffron Building Society will notify you 5 working
days in advance of your account being debited or as otherwise agreed. If you request Saffron Building Society to collect a payment,
confirmation of the amount and date will be given to you at the time of request
If an error is made in the payment of your Direct Debit by Saffron Building Society or your Bank or Building Society, you are entitled to a
full and immediate refund of the amount paid from your Bank or Building Society
If you receive a refund you are not entitled to, you must pay it back when Saffron Building Society asks you to
You can cancel a Direct Debit at any time Please also notify us
The Direct Debit Guarantee
Please fill in the whole form using a ball point pen and send it to:
Saffron Building Society
Saffron House
1a Market Street
Saffron Walden
Essex, CB10 1HX
Name(s) of Account Holder(s)
Bank/Building Society account number
Branch Sort Code
Name and full postal address of your Bank or Building Society
To the Manager
Bank/Building Society
Address
Postcode
Originators Identification Number
4 1 8 8 3 6
Reference
Instruction to your Bank or Building Society
Please pay Saffron Building Society Direct Debits from the account
detailed in this instruction subject to the safeguards assured by
the Direct Debit Guarantee. I understand that this instruction may
remain with Saffron Building Society and, if so, details will be
passed electronically to my bank/building society.
Signature(s)
Date
Instruction to your
Bank or Building
Society to pay by
Direct Debit
23
Saffron Building Society Mortgage Application Form
Security in the form of a legal mortgage over the property will be required. Mortgages are only
available to persons over the age of 18 and are subject to status.
Member of the Building Societies Association. Saffron Building Society is authorised by the
Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential
Regulation Authority except for Commercial and Buy to Let Mortgages.
Registration number 100015.
Crocus Home Loans Limited is authorised and regulated by the Financial Conduct Authority except
for commercial and buy-to-let mortgages. Registration number 305200.
YOUR HOME MAY BE REPOSSESSED IF YOU DO
NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Head Office: Saffron House, 1A Market Street, Saffron Walden, Essex CB10 1HX
Tel: 01799 522211 Fax: 01799 581901 www.saffronbs.co.uk
We treat all our members as individuals and understand that our
standard printed brochures do not suit all. If you would like this
document to be supplied in large print, audio or Braille please contact
our head office on 01799 522211 who will be pleased to help you.
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Completed 5 April 2021

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