2 year discount 75% LTV

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, or alternatively adding the fee to the mortgage amount.

Product incentives

Free standard valuation: We'll cover the cost of one standard mortgage valuation on a property valued up to £400,000. Your client can choose to have a RICS Homebuyers Report, however they'll have to cover the difference in cost.

Fees assisted legals: We'll cover the costs of any standard legal fees involved. Any non-standard costs will be payable by your client. You'll be advised of any non-standard costs should any apply. If your client chooses to use our own conveyancers they'll only act for us and not for the customer during the remortgage transaction. If your client needs to add or remove a name on the mortgage they must appoint their own solicitors, and they'll receive £150 cashback towards their costs.

Mortgage amounts

There is a minimum mortgage amount of £50,000.

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

There is a minimum property value of £75,000 increasing to £250,000 for properties located within the M25 corridor.

The maximum loan to value for this product is 75%.

Interest rate floor

Your clients interest rate is floored and therefore cannot reduce below 2.24%.

Mortgage repayment terms

Your client can repay their mortgage over a minimum of 5 years, or a maximum of 35 years.

Early Repayment Charges

We allow your client to overpay 10% of the original mortgage amount each year without charge. If they switch products or redeem during the product term they will be subject to the full Early Repayment Charge

The Early Repayment Charge will be:

• 2% of the amount repaid during the first year; and
• 1% of the amount repaid during the second year.