2 year discount 90% LTV [D575]
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This product may be withdrawn at any time.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 an arrangement fee of £999. This fee can be paid up front by deducting the fee from the amount borrowed, or alternatively adding the fee to the mortgage amount.
There is a minimum mortgage amount of £50,000.
This product has a maximum mortgage amount of £350,000.
We have a minimum property value of £75,000 which increases to £250,000 if the property is located inside the M25 corridor.
The maximum loan to value for this product is 90%.
Interest rate floor
The interest rate is floored and therefore cannot reduce below 2.84%.
Mortgage repayment terms
A minimum mortgage term of 5 years applies. There is also a maximum term of 35 years.
Early Repayment Charges
We allow your client to overpay 10% of the original mortgage amount each year without charge. If they switch products or redeem their mortgage during the product term they will be subject to the full Early Repayment Charge.
The Early Repayment Charge reduces each year as follows:
- 3% of the amount repaid until 31/01/2018;
- 2% of the amount repaid until 31/01/2019; then
- 1% of the amount repaid until 31/01/2020.
Happy to help you...
- Talk about your clients needs
- Process your decision in principle
- Answer any questions
- Discuss any existing cases
Your home may be repossessed if you do not keep up repayments on your mortgage.