Lifetime Mortgage Suitability Criteria – Further details

We have provided further details to support the information given in the suitability criteria.

Close proximity to a Commercial Business – planning use Class types for Commercial Property

Please note the following guidance for properties which are in close proximity to a commercial business based on their planning use Class. Acceptability is subject to valuation and whether the valuer considers the proximity to commercial premises to materially impact the marketability of the property.

Class E (Formally A1)

Use	Our guidance
For the retail sales of food other than hot food	Above/Below - Accept Adjacent/Neighbouring - Accept However, where the valuer considers the proximity of the commerical use would materially impact marketability of our security, the application will be declined.
As a post office
For the sale of tickets or as a travel agency
For the sale of sandwiches or other cold food for consumption off the premises
For hairdressing
For displaying of goods for sale
For the hiring out of domestic or personal goods or articles
For the reception of goods to be washed, cleaned or repaired

Please note a Sandwich Shop can fall into Class A1 if no hot food is prepared. Primary cooking cannot take place on class A1 premises, but hot dishes can be prepared off site and held at a set temperature or reheated. (This is a model that for example Eat, Pret-A-Manger and other lunchtime favourites are using to meet A1 requirements).

Class E (Formally A2)

table
Use	Our guidance
Financial services	Above/Below - Accept Adjacent/Neighbouring - Accept However, where the valuer considers the proximity of the commerical use would materially impact marketability of our security, the application will be declined.
Professional services (other than health or medical services)
Any other services which it is appropriate to provide in a shopping area

Class E (Formally A3)

table
Use	Our guidance
Use for the sale of food or drink for consumption on the premises or of hot food for consumption off the premises.	Above/Below - Refer Adjacent/Neighbouring - Refer The property must be in desirable area with good demand, readily saleable and readily marketable.

Class E (Formally B1)

table
Use	Our guidance
An office other than a use within class A2 (financial and professional services)	Generally, acceptable where the commerical use of the premises below, adjacent or in close proximity to the subject property falls under the 'Office' class. Where the commerical use of the premises below is a laboratory this is unacceptable.

Acceptable New Build Warranties

Properties under 10 years old must have a New Build Warranty: the following are acceptable:

NHBC
Zurich Municipal New Build Scheme (for policies issued up to 30/09/2009)
Premier Guarantee (including LABC Hallmark and LABC New Home Warranties)
Building Life Plans Ltd
Castle 10
International Construction Warranties (ICW)
Aedis Warranties Ltd
Q Assure Build Ltd
Advantage HCI
Buildzone
Protek
Ark Insurance Group
One Guarantee Insurance
Global Home Warranties
ABC+ Warranty

Lifetime Mortgage Suitability Criteria – Further details

Close proximity to a Commercial Business – planning use Class types for Commercial Property

Acceptable New Build Warranties

Multi-Pet Discount Terms and Conditions