2 year fixed 90% LTV [FY001]

Fixed until 31/03/2022

Early Repayment Charges apply.

This product may be withdrawn at any time.

 
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.
£999
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
2.65% fixed to 31 March 2022
2.65%
followed by our SVR 5.24%
The overall cost for comparison is 4.9% APRC
 

Product key features

Product availability

This is a semi-exclusive product available to intermediaries. Applications are accepted within England and Wales.

 

Product related fees

There's an arrangement fee of £999 that can be paid up front by deducting the fee from the amount borrowed or, alternatively, the fee 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.

Mortgage amounts

There's a minimum mortgage amount of £50,000 and a maximum mortgage amount of £350,000.

There's 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 90%.

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 overpaid 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 3% of the amount repaid until 31 March 2020, 2% of the amount repaid until 31 March 2021 and 1% of the amount repaid until 31 March 2022.

Alex is here to make lending easy 0121 521 4000* 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.

Were are here to...

  • Help with your new case
  • Discuss our criteria
  • Talk about affordability
  • Process your decision in principle requests
"Thank you for your help and assistance in this case, it takes me back to the good old days of everything being manually underwritten." Peter Matthews
Charles Derby Mortgage Bureau

Your home may be repossessed if you do not keep up repayments on your mortgage.