2 year fixed 95% LTV [RFE045]
Fixed until 31/03/2020
Early Repayment Charges apply.
This product may be withdrawn at any time.
- Semi-exclusive product: available to our key panel of networks and clubs
Product key features
This is a semi-exclusive product. Applications are accepted within England and Wales from members of our key panel of mortgage networks and clubs.
Enhanced criteria level 3 restrictions apply. No status 2 or greater recorded on credit file within 12 months prior to application.
Free standard valuation: We will cover the cost of one standard mortgage valuation on a property valued up to £400,000. The customer may choose to have a RICS Homebuyers Report, however they will have to cover the difference in cost.
Fees assisted legals: We will assist with the standard legal fees involved, if your customer chooses to use our own conveyancers they will only act for the Society and not for the customer during the remortgage transaction. If your customer needs to add or remove a name on the mortgage they must appoint their own solicitors, in which case they will receive £150 cashback towards their costs.
There is a minimum mortgage amount of £50,000.
This product has a maximum mortgage amount of £250,000.
There is a minimum property value of £75,000 which increases to £250,000 for properties located within the M25 corridor.
The maximum loan to value is 95%.
Mortgage repayment terms
The minimum repayment term is 5 years and the maximum repayment term is 35 years.
Early Repayment Charges
Up to 10% of the original mortgage amount can be repaid each year without charge. If the mortgage is redeemed or switched to another product during the fixed rate period then an Early Repayment Charge will apply.
The Early Repayment Charge will be 2% of the amount repaid until 31 March 2019 and 1% of the amount repaid until 31 March 2020.
We are here to...
- Help with your new cases
- Discuss our lending criteria
- Talk about affordability
- Process your decision in principle request
Your home may be repossessed if you do not keep up repayments on your mortgage