2 year discount 65% LTV [ZD002]
Discounted until 31/01/2020.
Early Repayment Charges apply.
This product may be withdrawn at any time.
Product key features
Product related fees
There is a £99 booking fee that must be paid on application. This fee is non-refundable and non-transferable.
There is an arrangement fee of £900. 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.
Valuation fee contribution: Your clients will receive a contribution of £275 twoards their first standard mortgage valuation.
There is a minimum mortgage amount of £50,000.
This product has a maximum mortgage amount of £450,000.
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 65%.
Interest rate floor
The interest rate is floored and cannot fall below 1.04%.
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 31/01/2018;
- 2% of the amount repaid until 30/01/2019; and
- 1% of the amount repaid until 30/01/2020.
We are here to help you...
- Discuss your new case
- Help with your existing case
- Discuss our criteria
- Talk through affordability
Your home may be repossessed if you do not keep up repayments on your mortgage.