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					Some of your
questions answered

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
                                                                                                                    Mortgage applications
                                                                                                                    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
product information?
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
                                                                                                                                                                 in repayments


know where to start                                                                                      • You must be a UK resident aged 18 years
                                                                                                            or over
                                                                                                                                                                 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
                                                                                                                                                                 making overpayments
                                                                                                         • 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 ingdirect.co.uk/mortgages
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:
                                                                                                                                                                  interest-only mortgage
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,
                                                                                                                                                                  investment plan.
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
                                                                                                              Interest-only mortgage
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
                                                                                                                                                                a property)
                                                    • 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.

				
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