| 5.9- Contact point if borrower is not
providing balance of purchase price from funds/proposing to
give second charge. |
Mortgage Lending Department. |
Mortgage Lending Department. If the balance of the
purchase price is being paid wholly or in part by anyone
other than the borrower, you must provide us with a
declaration of this amount, that such amount is not be
repayable and that the party providing this amount will not
acquire an interest in the property. You must also ensure
that clear bankruptcy searches are carried out against the
borrower and all parties contributing to the balance of the
purchase price.
|
| 6.13.5- What is the maximum excess you
will accept on buildings insurance policy? |
£200 (£1,000 on a subsidence policy).
|
£250. We will accept up to a limit of £1000
upon written receipt of the borrower's acknowledgement of
their obligations. Any excess over £1000 must be referred
to the Mortgage Lending Department.
|
Leeds Building Society