The King’s Arms is a community youth project across the towns of Petersfield and Alton. We spoke to a member of the team about how our Insurance Brokers have supported them as their work has grown and flourished.
Beacon Church is a Newfrontiers community of around 70 members from all ages, stages and walks of life. Read all about how a Kingdom Bank mortgage is helping the church to grow.
With our incumbent CEO, Chris Sheldon, retiring at the end of 2020 after 18 years with the Bank, we enlisted the assistance of a specialist search firm to help us find an ideal candidate who shares our passion for helping churches grow.
For personal mortgages our maximum mortgage is 4.5x your gross annual income subject to affordability. Buy-to-lets are assessed on the rent achieved from the property.
Loan-to-property-value
The ratio between the sum of money lent on a mortgage agreement and the value of the security property as confirmed by the Bank.
Loan-to-share-value
The ratio between the sum of money lent on a mortgage agreement and the value of the share of the security property owned by the customer, as confirmed by the Bank.
APRC
‘APRC’ stands for ‘Annual Percentage Rate of Charge’. Mortgage Lenders now have to include any mortgage related fees, redemption charges and valuation fees as part of the annual interest calculation when quoting an interest rate and this is referred to as the APRC.
Affordability
A comprehensive assessment of income and expenditure both currently and in the foreseeable future.
Loan-to-value
The ratio between the sum of money lent on a mortgage agreement and the value of the security property as confirmed by the Bank.