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23/8/2021 - Coggle Diagram
23/8/2021
- FEES. Clarify her & other fees
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- PROCESS.... What's the role of the Sol and how does that play out between Emma and the Lender?
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What's her process. All market search? 5 options from different lenders to chose from? Can she include LV as an option?
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What's her process. All market search? 5 options from different lenders to chose from? Can she include LV as an option?
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Is fixed for life, an easy popular option?
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Is fixed for life, an easy popular option?
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7 Requirements
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Borrow in region £110,000 - £160,000 (up to 33% LTV)
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Simple ERC early repayment charge table (e.g. 10% Yr 1, 9% Yr 2, 8% Yr 3... going to 0% ERC after 8 - 10 years)
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Without affordability requirement / unassessed not income based, so Mum has full flexibility to choose to service interest or not (full flexibility re: interest payments as she would like e.g. monthly via S/O, lump sum, or not at all)
Flexible Annual 10% Overpayment Feature allowing: option of flexible monthly Standing Order payments (to service interest should Mum like to), lump sum payments at anytime via bank transfer and other flexible ways. We don't want an inflexible overpayment feature of say max 1 overpayment via phone only, every 90 days.
- How much should I borrow?
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