Housing Loan Application
| Loan Ref. No. | |
| Loan Amount | |
| Period of Loan |
IMAGE: The Orkney Islands Council crest and logo, with the words “ORKNEY ISLANDS COUNCIL”, appear above the title “Housing Loan Application”.
Personal Information - Applicant One
| Full Name | |
| Address | |
| Postcode | |
| How long have you lived at this address | years |
| Home Status | Home Owner / Buying / Renting / Boarding / Other (delete as appropriate) |
| If less than 3 years please list all previous addresses for the 3 year period | |
| Date of Birth | |
| Marital Status | |
| No. of dependant children | |
| Ages of children |
Employment
| Are you: | Employed / Self-Employed / Not Working / Retired (delete as appropriate) |
| Is your contract | Full Time / Part time (delete as appropriate) Temporary / Permanent (delete as appropriate) |
| Job Title/Occupation | |
| Name of Employer | |
| Address of Employer | |
| Postcode | |
| How long have you been with your present Employer | years |
| May your Employer be approached to confirm your earnings | Yes / No |
| Gross Annual Salary | £ |
| Guaranteed Overtime | £ |
| Non-Guaranteed Overtime | £ |
| Bonus | £ |
| Other Income (eg. Benefits/investment income) | £ |
General
| Name of Bank | |
| Address | |
| Postcode | |
| May OIC contact your bank for a reference | Yes / No |
| Have you ever been bankrupt | Yes / No |
| Have you ever entered into any agreement with creditors, or had a decree for debt taken against you | Yes / No |
| If yes, please state details of payments, final payment is due. |
Outgoings
Provide a list regular outgoings (eg. Loan or credit card repayments, direct debits, standing orders).
Continue on separate page if necessary.
| £ |
|---|
| Have you ever had an Orkney Islands Council Loan | Yes / No |
Solicitor
| Name of Solicitor | |
| Address of Solicitor | |
| Postcode | |
| Telephone Number |
Personal Information - Applicant Two (if applicable)
| Full Name | |
| Address | |
| Postcode | |
| How long have you lived at this address | years |
| Home Status | Home Owner / Buying / Renting / Boarding / Other (delete as appropriate) |
| If less than 3 years please list all previous addresses for the 3 year period | |
| Date of Birth | |
| Marital Status | |
| No. of dependant children | |
| Ages of children |
Employment
| Are you: | Employed / Self-Employed / Not Working / Retired (delete as appropriate) |
| Is your contract | Full Time / Part time (delete as appropriate) Temporary / Permanent (delete as appropriate) |
| Job Title/Occupation | |
| Name of Employer | |
| Address of Employer | |
| Postcode | |
| How long have you been with your present Employer | years |
| May your Employer be approached to confirm your earnings | Yes / No |
| Gross Annual Salary | £ |
| Guaranteed Overtime | £ |
| Non-Guaranteed Overtime | £ |
| Bonus | £ |
| Other Income (eg. Benefits/investment income) | £ |
General
| Name of Bank | |
| Address | |
| Postcode | |
| May OIC contact your bank for a reference | Yes / No |
| Have you ever been bankrupt | Yes / No |
| Have you ever entered into any agreement with creditors, or had a decree for debt taken against you | Yes / No |
| If yes, please state details of payments, final payment is due. |
Outgoings
Provide a list regular outgoings (eg. Loan or credit card repayments, direct debits, standing orders).
Continue on separate page if necessary.
| £ |
|---|
| Have you ever had an Orkney Islands Council Loan | Yes / No |
Solicitor (if different from applicant one)
| Name of Solicitor | |
| Address of Solicitor | |
| Postcode | |
| Telephone Number |
Housing Loan
| Purchase Price of Property | £ |
| Amount of Loan Required | £ |
| Loan period required | Years |
| Purpose of the Loan | |
| Source of Deposit |
The Property
| Address of Property | |
| Postcode | |
| What age is the property | Years |
| How may entry be gained to the property | |
| Home Report Provided | Yes / No |
| Full description of the property |
Declaration
I/We declare that:
a) I am/We are aged 16 or over.
b) All the answers to the questions in the foregoing application form are correct and that I am/We are aware that the said answers will form the basis of any loan arrangements made between me/us and Orkney Islands Council, in the event that Orkney Islands Council decides to offer me/us a loan.
c) I/We understand that the report on the property which the Council will obtain is intended solely for the consideration of the Council in determining what loan if any, they are to make on the security of the property and that if a loan is made no responsibility will be accepted by the Council or their Surveyor as to the reasonableness of the price being paid and/or the present or future condition of the property.
(N.B. Applicants who wish a survey for their own information and protection should consult a surveyor on their own account).
d) I/We understand that any advance made to me/us will be subject to the standard conditions normally imposed on borrowers by the Council or to such other conditions as may be considered necessary by the Council.
e) I/We understand that the Council may require to carry out credit checks on me/us for the purpose of determining what loan, if any, to make; and I/we consent to the Council so doing.
I/We hereby make formal application for an advance of £ ………………… repayable over a proposed period of …………… years.
I/We enclose a remittance for £180.00 in settlement of the administration fee which will not be returned in the event of the application being refused.
| Signed: | Date: |
|---|---|
| Signed: | Date: |
|---|---|
Checklist
Documents that require to be included with Housing Loan application:-
- Two letters of refusal from a Lender along with copy of original application or detailed screen prints of the Decision in Principal.
- Admin Fee of £180.00.
- Proof of Income (3 months payslips/Certified Accounts for the last 2 years if Self-Employed & P60).
- Proof of deposit (savings account etc).
- Plans of new build/improvements (if applicable).
- Copy of Home Report (if applicable).
- Valuation of Property (if you already have a recent valuation).
- Three most recent bank statements (that shows evidence of direct debits) along with evidence of savings accounts.
How information about you will be used
Finance Services require the information on this form to enable us to process your Housing Loan Application. All the information will then form the basis of any loan arrangements. The Local Government etc. (Scotland) Act 1994 is the legal basis for the Council processing your personal information.
The information may be shared within the local Authority and with Audit Scotland to detect and prevent fraud.
For more information about how we process information, how long we retain the information, or the right to complain please contact us, visit http://www.orkney.gov.uk/Online-Services/privacy.htm or scan the link below using your smart phone. If you are unable to access the Council’s website or scan the link you can request a paper copy from the Council.
IMAGE: A QR code is provided below the privacy information so that a smartphone user can access the Council’s privacy information.