Please Complete the Decision In Principle Form Below

 

Decision in Principle Explained
This is designed to assist in the process of selecting and purchasing a property by giving an indication of the mortgage facilities likely to be available to a borrower or borrowers. A decision in principle is not binding from the lender that has been approached in order to generate this lending decision. Lenders can vary in how much information is checked or taken into account when issuing a decision in principle. Any factors not taken into account, matters undisclosed to the lender or changes to circumstances or lending criteria, may, for example, result in a subsequent mortgage application failing. In addition, every lender has a set of property criteria to which they will check for suitability and security, however every lender will rely upon the valuers comments on whether the property meets their final checks as suitable security

1) Broker Details


2) Client Details

Applicant 1
Applicant 2

3) Employment Details
Applicant 1
Applicant 2

4) Loan Requirements Buy-To-Let Purchase

5) Property Details
If Property Is A Flat Please Confirm

6) All UK Properties Owned

7) Adverse UK Credit
CREDIT DECLARATION - Must be discussed with your clients. For the purpose of the Data Protection Act 1998 The Marsden Building Society is the data controller responsible for the processing of your data in relation to this application on Agreement to Credit Check. The information supplied will be used solely for the purposes of assessing the application and to make enquiries of licensed credit reference agencies who will supply the Lender with credit information as well as information from the Electoral Register. The agencies will record details of the search whether or not a mortgage application in relation to this enquiry proceeds. A credit reference search will be carried out for each Decision in Principle request. By stating a financial association with another party, you are also declaring that you are entitled to: disclose information about your joint application and/or anyone else referred to by you; authorise us to search, link and/or record information at credit reference agencies about you and/or anyone else referred by you. Information held about you by the Credit Reference Agencies may already be linked to records relating to one or more of you partners. For the purposes of this enquiry you may be treated as financially linked and your enquiry will be assessed with reference to any "Associated" records. As "association" between the joint applicant and/or any individual identified as your financial partner, will be created at credit reference agencies, which will link your financial records. You and anyone else with whom you have a financial link understand that each others information will be taken into account in all future applications by either or both of you. This linking will continue until one of you successfully files a "disassociation" at the credit reference agencies. BROKER DECLARATION: I confirm that the above credit declaration has been discussed with the client(s) and: they are aware that The Marsden Building Society will search the files of a licensed credit reference agency they are aware the agency will record details of the search whether or not a mortgage application proceeds.