2 year discount 85% LTV [D568]

Discounted until 31/10/2019.

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This product may be withdrawn at any time.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
2.36% discount from our SVR until 31 October 2019
2.38%
followed by our SVR 4.74%
The overall cost for comparison is 4.3% APRC
 

Product key features

Product related fees

There is an arrangement fee of £999 that can be deducted from the mortgage amount or added to the amount borrowed.

Mortgage amounts

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 85%.

Interest rate floor

The interest rate is floored and cannot fall below 2.38%.

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:

  • 2% of the amount repaid until 31/10/2018; and
  • 1% of the amount repaid until 31/10/2019.
Our Head of Mortgage Sales, Richard is happy to help 0121 521 4045* Getting in touch
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Saturday - SundayClosed
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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.