Women with dog

LGFA fact find

Step 1 of 6

About you

* Required

You can find this on your email from us.
For something you want to use the money for now to 18 months like a new kitchen or car.
Something in 18 months time and beyond, like a wedding

Have you considered the following?

* Required

Would you downsize instead of taking out a later life mortgage? *
Would family or friends be in a position to either gift or lend some or all of what you need? *
Would it be a loan or gift? *
For example with interest.
How much you would pay them back a month.
You can give an % here.
Do you have an alternative secured/unsecured lending option as a source of funds? * Like a bank loan
Like a home owner loan
Can you source any other alternative funds? *

About your property

When we refer to your property title, we're referring to the ownership documents of the property you're seeking to take a lifetime mortgage on and who is noted as owner.

* Required

Do you have anyone else aged 17 or over living at your property? *
How will your property title be held? *
Will all of the owners live at the property? *
To proceed with a later life mortgage, we would need you to amend the deed to single ownership, would this be ok? *
As you've said you have others aged 17 and over living with you, can you confirm that they would be prepared to waive their right to retain tenancy in order for you to take our a mortgage? *
Are there any rules or restrictions on your property that limit how it can be used? *
Do you have buildings insurance or are willing to take out building insurance? * As a condition of your loan, we would need you to have buildings insurance.

Future move

Have you thought about moving in the future? *
For example, in 5 years time.
Do you have a view of future property prices? *

Your income

* Required

Why we need your income & expenditure details

To make sure that a lifetime mortgage is the right choice for you, we need to fully understand your financial situation. This involves looking at both your income and regular outgoings.

How this helps you,

By gathering this information, we can:

  • Assess your needs accurately – knowing your income and expenses helps us to recommend a product that fits your budget and lifestyle. It ensures that the recommendation we make is both suitable and sustainable for your financial needs both now and in the future.
  • Protects your financial wellbeing- We want to ensure that taking out a lifetime mortgage won’t cause you any financial difficulties later on. Understanding your financial commitments allows us to determine if this option is truly in your best interest.
  • Provide Tailored Advice – Every person’s financial situation is different. Your income and expenses allows us to customise our advice, ensuring that any recommendation we make is based on your specific circumstances

Your financial information stays secure

Please know your financial details will be treated with the utmost confidentiality. They will only be used to evaluate whether a lifetime mortgage is the right option for you, and to help us make the best possible recommendation based on your unique situation.

 

Is for a single or joint application later life mortgage? *
What is your current employment status? *
What is the 2nd applicant's current employment status? *
Do you have any other income? * Like rental income
Does the 2nd applicant have any other income? * Like rental income
Do you hold any savings or investments? *
Does the 2nd applicant hold any savings or investments? *
Are you willing to make monthly repayments for a period of time? *
For example when you turn 75.

Your debts and expenditure

* Required

Your debts

Do you have a mortgage? *
If you have more than one mortgage, please enter all of your interest rates.
Do you have any secured loans? * A secured loan are loans secured on your property.
If you have more than one secured loan, please enter all of the interest rates.
Does the 2nd applicant have any secured loans? *
If they have more than one secured loan, please enter all of the interest rates.
Do you have any CCJs? *
Does the 2nd applicant have any CCJs? *
Do you have any unsecured loans? * An unsecured loan or personal loan allows you to borrow a fixed amount, without needing an asset, such as your home.
If you have more than one unsecured loan, please enter all of the interest rates.
Does the 2nd applicant have any unsecured loans? * An unsecured loan or personal loan allows you to borrow a fixed amount, without needing an asset, such as your home.
If they have more than one unsecured loan, please enter all of the interest rates.
Do you have any credit cards with debt on them? *
If you have more than one credit card, please enter all of the interest rates.
Does the 2nd applicant have any credit cards with debt on them? *
If they have more than one credit card, please enter all of the interest rates.
Do you have any store cards? *
If you have more than one store card, please enter all of the interest rates.
Does the 2nd applicant have any store cards? *
If they have more than one store card, please enter all of the interest rates.
Do you have any overdrafts? *
If you have more than one overdraft, please enter all of the interest rates.
Does the 2nd applicant have any overdrafts? *
If they have more than one overdraft, please enter all of the interest rates.
Do you have any catalogue repayments? *
If you have more than one catalogue repayment, please enter all of the interest rates.
Does the 2nd applicant have any catalogue repayments? *
If they have more than one catalogue repayment, please enter all of the interest rates.
Do you have any arrears? *
If you have more than one arrear, please enter all of the interest rates.
Does the 2nd applicant have any arrears? *
If they have more than one arrears, please enter all of the interest rates.
Do you have any other outstanding debt? *
If you have more than one other outstanding debt, please enter all of the interest rates.
Does the 2nd applicant have any other outstanding debt? *
If they have more than one other outstanding debt, please enter all of the interest rates.

Your expenditure

* Required

You can skip any that aren't relevant for you.

 

Please enter 0 if you don't pay council tax.
If you don't pay for a tv license please enter 0.
For example, car finance.
For example, car finance.
If you pay this annually, you can divide this by 12 to give a monthly amount.
If they pay this annually, they can divide this by 12 to give a monthly amount.
If you can pay this annually, you can divide this by 12 to give a monthly amount.
If you pay this annually, you can divide this by 12 to give a monthly amount.
If they pay this annually, they can divide this by 12 to give a monthly amount.
For example, Sky or Netflix.
The information which I have given is to the best of my knowledge and belief, correct and complete *