Remortgage 2 year discount 75% LTV [RXD06]
Discounted for 2 years
Early Repayment Charges apply.
This product may be withdrawn at any time.
Product key features
Product related fees
There is an arrangement fee of 0.5% of the mortgage amount. This fee can be deducted from the mortgage amount or added to the amount borrowed.
Fees assisted legals: We will assist with the cost of standard legal fees if your client chooses to use our solicitors. If they will be subject to any non-standard costs then your client will be advised of this. If they choose to use their own solicitors, we will give them £150 cashback. Should your client choose to use our solicitors they will only act on our behalf and will not provide independent legal advice to your clients regarding the mortgage.
There is a minimum mortgage amount of £500,000 and a maximum mortgage amount of £1,000,000.
The maximum loan to value is 75%.
Interest rate floor
The interest rate is floored and cannot fall below 2.19%.
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. 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.
What do you need to know?
- Discuss affordability
- Process your decision in principle
- Help you understand our criteria
- Answer any queries
Your home may be repossessed if you do not keep up repayments on your mortgage.