2 year discount 85% LTV [D578]
Discounted for 2 years
Early Repayment Charges apply.
This product may be withdrawn at any time.
Product key features
There is a minimum mortgage amount of £50,000.
This product has a maximum mortgage amount of £450,000.
The minimum property value is £75,000 increasing to £250,000 for properties located within the M25 corridor.
The maximum loan to value is 85% of the purchase price or valuation, whichever is the lowest.
Interest rate floor
The interest rate on this product cannot fall below 2.79%.
Mortgage repayment terms
The minimum term your client can repay their mortgage over is 5 years. The maximum repayment term is 35 years.
Early Repayment Charges
Your client can overpay up to 10% of the original loan amount each calendar year. If more than this is repaid, including at redemption or switching products they will be liable for the full Early Repayment Charge.
The Early Repayment Charge is calculated against the amount repaid as follows:
- 2% of the amount repaid during the first year; and
- 1% during the second year.
Here to help
- Discuss a potential case
- Provide you with updates on your case
- Explain our criteria
- Help you understand our affordability rules
Your home may be repossessed if you do not keep up repayments on your mortgage.