This guide explains the fields included in the Existing Properties section of the fact find.
Fact Find > Existing Properties
This section is used to record any Existing Properties owned by applicants. The Existing Properties page is Client Sensitive, so the properties visible on this page will depend on which client was used to access the Case Summary initially. For example, if you accessed the Case Summary via applicant 2, you will only see properties that applicant 2 own on this page.
To add a record, click the ‘+ Add Existing Property’ button.
To edit an existing record, click the property.
To delete an existing record, click the bin icon to the right of the property.
You can remove a client from the Existing Property record by clicking the ‘x’ next to their name.
You can add a client to the Existing Property record by clicking the ‘+’ icon at the top of the form. A maximum of 2 clients can be added to each Existing Property.
Once all visible fields are completed, select ‘Save’ and the record will be added.
Fields included in this section:
Do you want to include this Property in the Net Monthly Income and Expenditure Monthly calculations? (Select ‘Yes’ or ‘No’)
The amount will be included in the Net Monthly Income and Expenditure Monthly in the Financial Overview.
Address (Use the search function to search for the property postcode, select the street from the pop up, then select the address OR select to ‘Enter Manually’ to key in address details manually.
Date of Ownership (DD/MM/YYYY)
Selecting the little calendar icon will allow you to select the Date of Ownership from a calendar pop up.
Are you selling this property to purchase a new one? (Select ‘Yes’ or ‘No’)
Selecting ‘Yes’ will allow you to add the Estimated Sale Price.
Is this property a Primary Home / Buy To Let / Second Home / Commercial Property? (Select one)
Selecting ‘Buy To Let’ allows you to record if the property is owned by a Limited Company, if there is a current tenancy agreement in place, Monthly Rental Income, Buy to Let details, if the property is a HMO or House share and rent per room.
Selecting ‘Commercial Property’ allows you to record Commercial Property Details, including ownership, and Monthly Rental Income.
Property Type (Bungalow / Converted Flat Or Maisonette / Detached / End Of Terrace / Other / Purpose Built Flat Or Maisonette / Semi Detached / Terraced)
Bedrooms
Number of bedrooms in the property
Original Purchase Price
Current Property Valuation
Tenure (Freehold / Leasehold / Commonhold / Feuhold)
Annual Council Tax
Does this Property have a Mortgage on it? (Select ‘ Yes’ or ‘No’)
Selecting ‘Yes’ allows you to record Original Mortgage Amount, Outstanding Mortgage Amount, Loan to Value (calculated automatically), Current Monthly Mortgage Payment, Lender,
Where the mortgage Lender is not available in the drop-down list, you can select the ‘+ Add Lender’ button to add manually. This is a one-time set up, so the lender will be available in the drop-down moving forward.
Current Mortgage Account Number
Rate Type (Fixed / Tracker / Variable)
Current Rate (%)
Remaining Term (Years and Months)
Repayment Method (Repayment / Interest Only / Part & Part)
Remortgage Date (DD/MM/YYYY)
Selecting the little calendar icon will allow you to select the date from a calendar pop up.
Is this mortgage to be repaid before completion of new mortgage (Select ‘Yes’ or ‘No’).
You should select ‘No’ if the client is remortgaging the property.
Selecting ‘Yes’ will allow you to record the Early Repayment Charge (amount) and Repayment Source (Bonus / Equity / Family / Other / Regular Income / Sale Of Asset / savings / This Mortgage)
Months in Arrears (if applicable)
Are there any other charges outstanding against this property? (Select ‘ Yes’ or ‘No’)
Selecting ‘Yes’ will allow you to record Other Charge Monthly payment, Other Charge Outstanding Amount, and who the charge is with (Lender).
Where the Lender is not available in the drop-down list, you can select the ‘+ Add Lender’ button to add manually. This is a one-time set up, so the lender will be available in the drop-down moving forward.
Where all fields are completed, and a future remortgage date is recorded, the option to open a Remortgage Opportunity will be visible.
Clicking the ‘Open Remortgage Opportunity’ button will add a new remortgage case for the client(s) listed on the Existing Property.