Some of your
Will you lend to me? Can I choose the monthly payment date?
You can check our lending criteria by visiting
ingdirect.co.uk/mortgages. An Agreement
in Principle will tell you the amount we could
Yes. This is the date that interest is added and we
take the payment from your account. If you don’t
choose your own date, we’ll take it on the first of
don’t have to be a hassle
lend you subject to satisfactory valuation and each month.
proof of income.
When is my first payment date?
Can you give me financial advice? Depending on when in the month your mortgage
We don’t offer advice as to whether it’s a good completes, your very first payment date might be
idea for you to take out a mortgage or what different from the one you’ve chosen. The first
type of mortgage would be suitable for you. payment amount will usually be more than your
For this type of advice you should speak to regular monthly payment as it includes interest
an independent financial adviser. Our Initial from the date we issued the funds up until your
Disclosure Document explains the service you first payment date.
can expect from us.
Where can I get the latest 0800 376 6666
You’ll find information on all our latest ingdirect.co.uk
mortgages at ingdirect.co.uk/mortgages
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT
What information do I need to supply
KEEP UP REPAYMENTS ON YOUR MORTGAGE
as proof of income if I’m self-employed?
We’ll need to see copies of your last 2 annual
tax assessments (self assessment tax calculation
forms) from HM Revenue and Customs as proof
of your income.
We may monitor or record calls. Calls to 0800 numbers from
UK landlines are free. The cost of calls from mobile phones
may vary. Must be UK resident, 18+. Available from £50,000
to £2,000,000. Product fee may be payable. ING Direct N.V.,
410 Thames Valley Park Drive, Reading, Berkshire, RG6 1RH.
Registered in England and Wales at Companies House.
Branch reference number: BR7357. Conditions apply.
ING MIBA5 2261 0611
It’s easy when you Things to consider
before you apply
3. See how much you can afford
know where to start • You must be a UK resident aged 18 years
Enter details of your monthly income,
outgoings and living expenses and find out
how much you have left to spend each month.
• The property must be in England, Wales 4. See how you could benefit from
or mainland Scotland
• The property has to be your Paying a little more each month,
Whether you’re buying your very first home The application process main residence or making lump sum repayments, reduces
or moving to a new one, this is an exciting time
for you. However, it can also be a stressful one,
at a glance • You’ll need to have a clean credit history your borrowing and the interest charged.
This could also reduce the length of time
which is why we make sure that our mortgage and enough income to support the loan
1. We will consider single or joint applications it takes to pay your mortgage off.
application process is as simple and hassle free • Will this be a single or joint application
2. See how much you can afford to borrow
as possible. We won’t confuse you with jargon
and we’ll make sure you’re kept up to date
by using our online calculators
You’ll find more information on our latest Keeping you informed
at all times. lending guidelines at ingdirect.co.uk/mortgages We think it’s essential that you’re kept up to
3. Go online or call us for a personalised or by calling us on 0800 032 8822. date, so we designed the ING Direct Mortgage
The information in this brochure is designed
Key Facts Illustration. This gives you all Application Tracker to let you know what’s
to give you a step-by-step guide and make
everything clear and easy to understand, but if
the important information you need on
It helps to know how much happening with your mortgage. It shows you
a particular mortgage so you can decide
you come across any terminology that you don’t
if it’s right for you you can borrow what stage you’re at from the time you start
understand you’ll find our helpful Jargon Buster your application right up to one month after
at ingdirect.co.uk/mortgages. 4. Request an Agreement in Principle. If you’re just starting to look at properties or completion. You can log in whenever you like
This will tell you how much we’re thinking of remortgaging, it’s helpful to know and find out which steps have been completed.
prepared to lend you roughly how much you can afford. Our online
Use the application tracker to:
mortgage calculators will help you figure
5. Provide us with your personal information this out. Use them to: • View your mortgage quote
and information on the property you’d like (Key Facts Illustration)
to buy 1. Get an approximate figure for your loan
• View your Agreement in Principle
6. Post us the necessary documents (proof Enter your salary details (including those of
of income etc) so we can continue with your your partner if you’re buying together) and • Check that we’ve received the documents
application – we’ll let you know which ones an approximate figure for your monthly you have sent us
we need outgoings. The mortgage calculator will tell
• See any other information still outstanding
you how much we may be prepared
7. We’ll check that the property is suitable to lend you. • View and print your mortgage offer
security for the amount you’d like to borrow
2. Calculate your monthly payments
8. We’ll send you a mortgage offer Email and SMS updates
Enter the amount you would like to borrow,
9. The solicitor or legal conveyancer involved If you’re completing your application online we’ll
select the interest type and the length of term
will request money from us also send you regular updates by email or SMS
and your monthly payments will be calculated
to let you know when there’s an update.
10. We’ll send the money to the solicitor or legal for you.
You can then log into your account to see
conveyancer and send you your completion
how the application is progressing.
pack confirming all the details
of your mortgage
With a range of products you can Choose a repayment option
choose the one that’s best for you that suits you
We aim for all our mortgage products to be both Tracker Rate We understand that everyone’s financial situation Part repayment, part
straightforward and competitive. You can find is different so we offer a range of repayment
out what mortgages we’re currently offering by This mortgage follows the Bank of England options to suit different needs. Choose from:
visiting ingdirect.co.uk or by giving our UK based base rate at a set level so every time the This is a combination of repayment and interest-
Bank of England base rate changes your interest
team a call on 0800 032 8822. Here are some
rate and monthly repayments will change too.
Repayment mortgage only and might be a good option if you have an
examples of what may be available. existing investment plan and want to increase
Early repayment charges may apply and you’ll The money you pay back each month covers
your mortgage. Part repayment could cover the
find full details in the Key Facts Illustration (KFI). the interest due and pays back some of the
Fixed Rate capital borrowed. So, provided you don’t miss
extra borrowing while part interest-only could
cover the amount you expect to get from your
This could be the mortgage for you if you Standard Variable Rate any payments or underpay in any month,
want the security of knowing exactly what your mortgage will be fully paid off
your repayments will be each month over This is a variable rate mortgage that’s not at the end of the term. With both interest-only or part interest, part
a set period of time. This type of mortgage connected to the Bank of England base rate. repayment mortgages you must ensure that
The standard variable rate can go up or down the plan provides sufficient funds to repay
is not linked to the Bank of England base
and your monthly payments will change
rate and early repayment charges may apply. the full amount of the interest-only part of
You’ll get full details with the Key Facts accordingly. There are no early repayment With this mortgage your monthly payment only your mortgage at the end of the term and
Illustration (KFI). charges and this mortgage gives you the covers the interest on the outstanding amount. we may request evidence of this during the
flexibility to overpay, underpay or take The capital will have to be repaid at the end application process.
payment holidays. Full details will be of the term, usually with an investment plan
included in the Key Facts Illustration (KFI). like a pension, an endowment policy
or a PEP/ISA portfolio.
Valuations Straightforward, hassle free
and surveys remortgaging
Before we can complete your mortgage Homebuyer’s Survey When you’re remortgaging you need to get Ready to apply for an
application, the property you’d like to purchase things done as quickly as possible with no hassle.
will need to be valued and assessed. This tells • This will assess the basic value of your So, when you remortgage with ING Direct,
ING Direct Mortgage?
us whether or not it’s a sound investment. property and also tell you if it’s in a good there are no valuation fees and our specialist If you like the sound of our mortgages and
We understand you’ve got lots of other things state of repair or if there are any major or conveyancing team will take care of all the are ready to get your application started visit
to pay for around this time, so you can choose minor defects necessary legal work to transfer your mortgage, ingdirect.co.uk/mortgages or give the team
the type of valuation you have, as long as it • Based on these findings and the market free of charge. You’ll only have to pay legal fees a call on 0800 032 8822. To speed up the process
covers the basic requirements. We keep our valuation, the surveyor will give you an if you need additional work or services such as: it helps if you have the following information
valuation fees low by passing them on to you assessment of the proposed purchase price to hand:
• Adding or removing borrowers to the
without any added administration costs.
title deeds • Details of your addresses over the last
Full Structural Survey three years
Basic Valuation • Additional searches
• This includes all the information from • Income and employment details
• This valuation assesses the value of your • Registering your property with HM Land
the Homebuyer’s Survey and also:
Registry if it’s not already registered • Information on your current mortgage
property so that we know it’s adequate
- Looks at the technical and structural (if applicable)
security for your loan • Leasehold costs
aspects of the property
• It doesn’t seek to reveal any hidden structural If any other non-standard work needs to be done
• Details of any outstanding loans
- Investigates any major defect that may
defects or other issues or credit commitments
prove costly to rectify or repair to put your title deeds in order, the conveyancer
will get in touch with you to let you know before • Bank details
• The cost of this survey will depend on the
any fees are incurred. You’ll then need to pay the
property type, age and purchase price • Details of your solicitor (if buying
conveyancer directly before we can go ahead and
• If the surveyor fails to list serious existing complete your mortgage.
faults you may have a legal case if you • Credit/debit card details
discover them later on Desktop valuation
You’ll find details of the costs of the for remortgaging
Basic Valuation and Homebuyer’s Survey
To save time and money when you’re
at ingdirect.co.uk/mortgages or by calling
remortgaging, we check a database of property
the team on 0800 032 8822.
sales to find a similar one to the one you’d like
to remortgage. This gives us an idea of its likely
value and we can then agree if it will support the
loan without having to organise a surveyor’s visit.