Charles Derby Mortgage Bureau"Thank you for your help and assistance in this case, it takes me back to the good old days of everything being manually underwritten."Peter Matthews
Remortgage 2 year discount 75% LTV [RXD07]
Discounted for 2 years
Early Repayment Charges apply.
This product may be withdrawn at any time.
Product key features
Product related fees
There's 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'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.
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 2.44%.
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.