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2 year fixed 90% LTV [RFE057]

Fixed until 31/12/2020

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This product may be withdrawn at any time.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
2.59% fixed to 31 December 2020
2.59%
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. Applications are accepted within England and Wales from members of our key panel of mortgage networks and clubs.

Enhanced Criteria

Enhanced criteria level 3 restrictions apply. No status 2 or greater recorded on credit file during 12 months before application.

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.

Mortgage amounts

There's a minimum mortgage amount of £50,000 and a maximum 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 2% of the amount repaid until 31 December 2019 and 1% of the amount repaid until 31 December 2020.

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.

Speak to Nicola, our Business Development Manager today 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.

We are here to...

  • Help with your new cases
  • Discuss our lending criteria
  • Talk about affordability
  • Process your decision in principle

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