Remortgage 2 year discount 75% LTV [RXD06]

Discounted for 2 years

Early Repayment Charges apply.

This product may be withdrawn at any time.

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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.
0.5%
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
2.80% discount from our SVR for 2 years
2.44%
followed by our SVR 5.24%
The overall cost for comparison is 4.6% APRC
 

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.

Product incentives

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 £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.
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.

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.