Charles Derby Mortgage Bureau"Thank you for your help and assistance in this case, it takes me back to the good old days of everything being manually underwritten."Peter Matthews
2 year discount 90% LTV [D588]
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This product may be withdrawn at any time.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 £350,000.
The minimum property value is £75,000, this increases to £250,000 for properties that are located within the M25 corridor.
The maximum loan to value is 90%.
Interest rate floor
Your clients interest rate cannot fall below 2.99%.
Mortgage repayment terms
Your clients mortgage term must be a minimum of 5 years and a maximum of 35 years.
Early Repayment Charges
Your client can make overpayments up to 10% of the original mortgage amount each year. Any payments taking them over this allowance, including redeeming or switching will be subject to an Early Repayment Charge.
The Early Repayment Charge will be as below:
- 2% of the amount repaid during the first year; and
- 1% of the amount repaid during the second year.
Here to help you...
- Discuss your potential decision in principle
- Help with your existing case
- Discuss our lending criteria
- Talk through affordability
Your home may be repossessed if you do not keep up repayments on your mortgage.