2 year discount 95% LTV [D582]
Discounted for 2 years
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This product may be withdrawn at any time.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. Your client can choose to pay this fee up front by deducting it from the amount they borrow. Alternatively they can add the fee to the mortgage amount.
If your client chooses to add the fee to their mortgage they will pay interest on the fee at the same rate as their mortgage.
There is a minimum mortgage amount of £50,000.
This product has a maximum mortgage amount of £250,000.
The minimum property value is £75,000 increasing to £250,000 for properties located within the M25 corridor.
The maximum loan to value is 95% of the purchase price or valuation, whichever is lower.
Interest rate floor
The interest rate on this product is floored and cannot fall below 2.99%.
Mortgage repayment terms
The minimum term is 5 years and the maximum term is 35 years.
Early Repayment Charges
Each year your client can repay 10% of the original mortgage amount without charge. An Early Repayment Charge will apply for any payments taking your client over their annual allowance.
The Early Repayment Charge will be charged at:
- 2% of the amount repaid during the first year; then
- 1% of the amount repaid during the second year.
Happy to help you...
- Discuss a potential new case
- Provide you with updates on your existing cases
- Explain our criteria
- Help you understand our affordability rules
Your home may be repossessed if you do not keep up repayments on your mortgage.