2 year discount 85% LTV [D578]

Discounted for 2 years

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This product may be withdrawn at any time.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.
no fee
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
2.20% discount from our SVR for 2 years
followed by our SVR 5.24%
The overall cost for comparison is 4.9% APRC

Product key features

Mortgage amounts

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.
Faye is here to help you with your case 0121 521 4045* Getting in touch
Our lines are open:
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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.