5 year fixed 90% LTV [RFE052]
Fixed until 31/08/2023
Early Repayment Charges apply.
This product may be withdrawn at any time.
- Semi-exclusive product: available to our key panel of networks and clubs
Product key features
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 restrictions
Enhanced criteria level 3 restrictions apply. No status 2 or greater recorded on credit file 12 months prior to application.
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.
There is a minimum mortgage amount of £50,000 and a maximum mortgage amount of £350,000.
There is 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 repaid each year without charge. If the mortgage is redeemed or switched to another product during the fixed rate product term then an Early Repayment Charge will apply.
The Early Repayment Charge will be calculated at:
- 6% of the amount repaid until 31 August 2018;
- 5% of the amount repaid until 31 August 2019;
- 4% of the amount repaid until 31 August 2020;
- 3% of the amount repaid until 31 August 2021;
- 2% of the amount repaid until 31 August 2022; and
- 1% of the amount repaid until 31 August 2023.
We're here to help you...
- Answer any questions
- Discuss your new case
- Understand our criteria
- Assess affordability
Your home may be repossessed if you do not keep up repayments on your mortgage.