5 year fixed 90% LTV [F454]
Fixed until 31/07/2024
Early Repayment Charges apply.
This product may be withdrawn at any time.
Product key features
Product related fees
There's an arrangement fee of £999. This fee can be paid up front by deducting the fee from the mortgage amount or added to the amount borrowed.
If your client adds the fee to their mortgage they will pay interest on the fee at the same rate as their mortgage.
The minimum mortgage amount is £50,000 and the maximum mortgage amount is £350,000.
The minimum property value is £75,000 increasing to £250,000 for properties located within the M25 corridor.
The maximum loan to value is 90% of the purchase price or valuation, whichever is lower.
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 overpaid each year without charge. Payments in excess of 10% will incur an Early Repayment Charge.
In addition, 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:
- 5% until 31 July 2020;
- 4% until 31 July 2021;
- 3% until 31 July 2022;
- 2% until 31 July 2023; and
- 1% until 31 July 2024.
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Your home may be repossessed if you do not keep up repayments on your mortgage.