3 year discount 85% LTV [HXD09]
Discounted for 3 years
Early Repayment Charges apply.
This product may be withdrawn at any time.back to comparison list
Product key features
This is a packager exclusive product. Applications are accepted within England and Wales through our panel of mortgage packagers.
Product related fees
There is an arrangement fee of 0.3% of the loan amount that applies to this product.
This fee can be paid upfront by deducting the fee from the amount borrowed, or can be added to the mortgage amount. If the fee is added to the mortgage your client will pay interest on the fee at the same rate as the mortgage.
Higher income multiples can be considered on this product. The multiplier is calculated using the gross income of the highest earner and are displayed below;
Gross income up to £19,999: 4.50 times
Gross income over £20,000 and up to £34,999: 5.00 times
Gross income over £35,000 and up to £49,999: 5.50 times
Gross income over £50,000: 6.00 times
There is a minimum mortgage amount of £50,000.
This product has a maximum mortgage amount of £450,000.
We have 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 85%.
Interest rate floor
The product has a 2.64% interest rate floor.
Mortgage repayment terms
The minimum repayment term is 5 years, the maximum repayment term is 35 years.
Early Repayment Charges
During the product term your client can make overpayments each year up to 10% of the original mortgage amount without incurring Early Repayment Charges. In the event of redemption or switching their mortgage to another product, then the full Early Repayment Charge would apply.
The Early Repayment Charge will reduce each year during the product term as follows:
- 3% of the amount repaid during the first year;
- 2% of the amount repaid during the second year; and
- 1% of the amount repaid during the third year.
Happy to help you...
- Discuss a potential new case
- Process your decision in principle
- Answer any of your questions
- Talk you through our affordability criteria
Your home may be repossessed if you do not keep up repayments on your mortgage.