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3 year discount 85% LTV [RHXD09]

Discounted for 3 years

Early Repayment Charges apply.

This product may be withdrawn at any time.

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arrangement fee
This fee can be paid upfront or added to the mortgage amount. If the fee is added to the mortgage then interest will be payable on the fee at the same rate as the mortgage.
booking fee
This fee must be paid on application. We are unable to accept payment of the fee by credit card.
no fee
initial rate
2.25% discount from our SVR for 3 years
followed by our SVR 4.99%
The overall cost for comparison is 4.6% APRC

Product key features

Product availability

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 mortgage 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.

Product incentives

Valuation fee contribution: Your clients will receive a contribution of £275 towards their first standard mortgage valuation.

Fees assisted legals: Your client has the choice of choosing our own solicitors, where we will assist with the standard legal fees, or receiving £150 cashback towards their own solicitor's costs. They will be advised of any non-standard costs that may be applicable. If your client chooses to use our solicitors, they will only act for us and will not provide them with independent advice regarding the mortgage transaction.

Income multiples

Higher income multiples can be considered on this product. The multiplier is based off 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

Mortgage amounts

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 2.74% 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.
Faye is here to help you with your case 0121 521 4045* Getting in touch
Our lines are open:
Monday - Friday9:00 - 17:00
Saturday - SundayClosed
*Calls from landlines are charged at the standard rate. Calls from mobiles may vary.

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.