2 year discount 75% LTV [RZD012]
Discounted for 2 years
Early Repayment Charges apply.
This product may be withdrawn at any time.
Product key features
Enhanced criteria restrictions
Enhanced criteria level 2 restrictions apply, no defaults.
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. Alternatively your client can add the fee to the mortgage amount.
If your client chooses to add the fee to the mortgage they will pay interest on the fee at the same rate as their mortgage.
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 1.34%.
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.
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.