2 year fixed 90% LTV [RFY001]

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This product may be withdrawn at any time.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
2.79% fixed to 31 March 2022
2.79%
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.

 

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%

Product incentives

Free standard valuation:We'll cover the cost of one standard mortgage valuation on a property valued up to £400,000. Your client can choose to have a RICS Homebuyers Report, however they'll have to cover the difference in cost.

Fees assisted legals: We'll cover the costs of any standard legal fees involved. Any non-standard costs will be payable by your client. You'll be advised of any non-standard costs should any apply. If your client chooses to use our own conveyancers they'll only act for us and not for the customer during the remortgage transaction. If your client needs to add or remove a name on the mortgage they must appoint their own solicitors, and they'll receive £150 cashback towards their costs.

Product related fees

There's an arrangement fee of £999. This fee can be paid up front by deducting the fee from the amount borrowed. 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 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 discount rate product term then an Early Repayment Charge will apply.

The Early Repayment Charge will be calculated at:

  • 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
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We're here to help...

  • Discuss your new case
  • Understanding our criteria
  • Answer any questions
  • Talk about affordability

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