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2 year discount 75% LTV [RZD011]

Discounted for 2 years

Early Repayment Charges apply.

This product may be withdrawn at any time.

arrangement fee
This fee can be paid upfront or added to the mortgage amount. If the fee is added to the mortgage then interest will be payable on the fee at the same rate as the mortgage.
no fee
booking fee
This fee must be paid on application. We are unable to accept payment of the fee by credit card.
no fee
initial rate
3.40% discount from our SVR for 2 years
followed by our SVR 4.99%
The overall cost for comparison is 4.2% APRC

Product key features

Enhanced criteria restrictions

Enhanced criteria level 2 restrictions apply, no defaults.

Product incentives

Valuation fee contribution: We will contribute £350 towards the cost of one standard mortgage valuation.

Fees assisted legals: Your client has the choice of choosing our own solicitors, where we will assist with the standard legal fees, or receiving £150 cashback towards their own solicitor's costs. They will be advised of any non-standard costs that may be applicable. If your client chooses to use our solicitors, they will only act for us and will not provide them with independent advice regarding the mortgage transaction.

Mortgage amounts

There is a minimum mortgage amount of £75,000.

This product has a maximum mortgage amount of £450,000.

There is a minimum property value of £250,000 for properties located within the M25 corridor.

The maximum loan to value is 75%.

Interest rate floor

The interest rate is floored and cannot fall below 1.59%.

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 repaid each year without charge. 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:

  • 2% of the amount repaid during the first year; and
  • 1% of the amount repaid during the second year.
Our Head of Mortgage Sales, Richard is happy to help 0121 521 4045* Getting in touch
Our lines are open:
Monday - Friday9:00 - 17:00
Saturday - SundayClosed
*Calls from landlines are charged at the standard rate. Calls from mobiles may vary.

We are here to help you...

  • Discuss your new case
  • Help with your existing case
  • Discuss our criteria
  • Talk through affordability

Your home may be repossessed if you do not keep up repayments on your mortgage.