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

5 year fixed 85% LTV [F471]
Fixed until 31/03/2026
Early Repayment Charges apply.
This product may be withdrawn at any time.
Product key features
- Mortgage amounts
- Product related fees
- Mortgage repayment terms
- Early Repayment Charges
Mortgage amounts
The minimum mortgage amount is £100,000 and the maximum mortgage amount is £500,000.
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 lower.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Product related fees
There's an arrangement fee of £999 that can be paid up front by deducting the fee from the amount borrowed or, alternatively, the fee can be added to the mortgage amount.
If the fee is added to the mortgage your client will pay interest on the fee at the same rate as the mortgage.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Mortgage repayment terms
The minimum repayment term is 5 years and the maximum repayment term is 35 years.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Early Repayment Charges
Early Repayment Charges apply during the product term. Up to 10% of the original mortgage amount can be overpaid each year without charge, however, if the mortgage is redeemed or switched to another product during the product term, then the Early Repayment Charge will apply.
The Early Repayment Charge will be calculated at:
- 6% until 31 March 2021;
- 5% until 31 March 2022;
- 4% until 31 March 2023;
- 3% until 31 March 2024;
- 2% until 31 March 2025; and
- 1% until 31 March 2026.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Tools and tips to get you started
tools and guides
FAQs
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- How do I submit business?
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We always recommend that you initially complete a decision in principle which allows us to have a look over your case to see if your clients meet our lending criteria, and there's no need to register with us before submitting a decision in principle.
You can access our online form from our decision in principle page. Alternatively you can download a pdf form to complete, we'll require a scanned copy to be emailed to newbusiness@thetipton.co.uk. You're able to sign on behalf of your client at this stage.
When we receive your completed decision in principle form, we aim to get back to you within 24 hours with an initial lending decision.
To submit an application using our online submission process you must have previously completed an online decision in principle.
We don't require you to enter any information you've previously provided in a decision in principle, so there's no time wasted duplicating data. If there's any supporting documents you need to send to us, you can attach these to the application using the attachment buttons in the additional information section.
At the end of the form ensure your electronic signature has been entered and click 'Finish' to send the application direct to your client for them to add their own electronic signature. The submission process will not be complete until your clients have signed the form. You're able to save a copy of the form for your own records.
Electronic signatures will enable us to begin processing your application however we'll require a completed Direct Debit form to be sent to us by post at our Tipton head office.
If you've previously completed a paper-based decision in principle for your client or if you'd prefer to complete our paper-based application, you can download copies of our PDF forms.
When you're ready to submit an application with us, complete the form and scan a copy into us at newbusiness@thetipton.co.uk. If you send an electronic copy, we'll require the original signed document to be posted to us to confirm your clients signatures on the application form.
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- When will I receive my proc fee?
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Procuration fee payments are made during the first week of the month following completion of your mortgage case. All payments are sent by BACS transfer, so please allow up to 5 days for any payment to reach your bank account.
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- What are your working hours?
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Our Business Development team is here Monday to Friday, from 9am until 5pm. To speak to our Business Development team please call 0121 521 4000 or email us on newbusiness@thetipton.co.uk. Alternatively, you can contact one of our Business Development Managers, Phil Lawford on 07719 570123 or Paul Sawford 07395 790267.
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- How long is a mortgage offer valid for?
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When we've issued your client with a mortgage offer this is valid for six months.
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- When do product fees need to be paid?
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Booking fees and valuation fees must be paid when you submit your application. If the product you've selected for your clients has an arrangement fee this can either be added to the mortgage amount or paid upfront by deducting the fee from the amount borrowed.
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Monday - Friday | 9:00 - 17:00 |
Saturday - Sunday | Closed |
We are happy to help you...
- Find the best mortgage for your client
- Answer any questions
- Discuss your existing cases
- Understand our critera
Your home may be repossessed if you do not keep up repayments on your mortgage.