Charles Derby Mortgage Bureau"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
2 year fixed 90% LTV [FY001]
Fixed until 31/03/2022
Early Repayment Charges apply.
This product may be withdrawn at any time.
Product key features
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.
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.
Were are here to...
- Help with your new case
- Discuss our criteria
- Talk about affordability
- Process your decision in principle requests
Your home may be repossessed if you do not keep up repayments on your mortgage.