Examples of acceptable loan purposes are extension and renovation of family home, second property (family residence, holiday home, investment property), educational expenses, once in a lifetime holiday and private medical expenses. The following will be assessed on own merit: investment in own business, refinancing other lender's mortgages, boat, caravan or other asset with life span of at least 10 years or commensurate with the mortgage term remaining, a one off tax bill. Unacceptable loan purposes include an annual holiday, a car and investing in the stock market.

In general applications will be accepted for top-ups where the LTV is no greater than 90%. Where the loan is for a second property, the total LTV against both properties should be no greater than 80% and the bank may require security against both. Where the loan is for a foreign property against which the bank cannot take security, the LTV should be no greater than 80% of the principle residence valuation.

Estimates or invoices are not required however where planning permission is required this must be obtained prior to drawdown, and on completion of the work the Final Architects certificate must be obtained. Minimum mortgage amount is £5,000, no maximum amount but subject to lending criteria being met.

The minimum term of the mortgage is 10 years and the maximum term is 35 years. No maximum age. Where a mortgage extends beyond normal retirement age, you should be able to demonstrate continued ability to service the loan by way of pension or alternative means. Subject to standard mortgage lending criteria.