1. ASH-RIDGE PRIVATE FINANCE – MORTGAGE UPDATE JANE KING SHEPHERDS BUSH HOUSING GROUP LEASHOLDERS FORUM - 30 JULY 2014

2. WHO ARE WE?  INDEPENDENT  ADVISERS FULL QUALIFIED TO FCA REQUIREMENTS  NO ADVISER FEES FOR AFFORDABLE HOMES MORTGAGES  REGULATED BY THE FINANCIAL CONDUCT AUTHORITY  BASED IN THE CITY OF LONDON  EXPERIENCED IN SHARED OWNERSHIP / SHARED EQUITY FINANCE  FURTHER INFORMATION ON WEBSITE www.ash-ridge.com

3. WHAT IS MY RATE ? CURRENT SVR’S - V – OTHERS Standard variable rates  Kent Reliance – 6.58%  Leeds Building Society 5.69%  Woolwich – 4.24%  Nationwide – 3.99%  Halifax – 3.99%  Santander – 4.74%  Newbury Building Society – 4.45% Best rates based on LTV  95% - 4.59%  90% - 4.19%  85% - 3.19%  80% - 2.75%  75% - 2.39%  60% - 1.99%

4. STAIRCASING REVIEW  Free of charge  No obligation  No credit scoring  Simple information form  Can factor in cash and mortgage finance  Will report on any options you wish to consider  Can advise on and arrange finance if required

5. MORTGAGE MARKET REVIEW – ROLLED OUT 26 APRIL 2013 WHAT DOES IT MEAN?  Lenders liable for affordability  All lenders sales staff must hold FCA approved qualifications  All loans for debt consolidation must be advised  Product transfers no longer automatic  Any rejected advice must be noted on file

6.  More difficult to get appointments to see bank staff  Some lenders withdrawing from direct sell altogether  Application underwriting will take longer  More documentation will be required  Lifestyle subject to scrutiny  All applicants subject to checks for fraud  Affordability has been tightened  Product transfers subject to affordability checks CONSEQUENCES OF NEW MMR RULES

7. PRE MMR – V POST MMR  Maximum loan amounts in excess of 5 x income  Most state benefits accepted  Only basic outgoings considered  Current snapshot used for underwriting  Lending into retirement more stringent  Stress testing to around 3%  Maximum loan amount reduced to under 5 x income  Limited state benefits accepted  Additional outgoings considered  Future circumstances considered  Maximum age and lending into retirement reduced  Stress testing to around 6%

8. FOR MORE INFORMATION GET IN TOUCH  Phone - 0207 353 8004  Fax - 0207 353 8007  Mobile – 07944222232  Email – jane.king@ash-ridge.comjane.king@ash-ridge.com  Website – www.ash-ridge.com