2 year discount 85% LTV [RMD178]

Discounted until 30/11/2019.

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This product may be withdrawn at any time.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.
£999
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
2.36% discount from our SVR until 30 November 2019.
2.38%
followed by our SVR 4.74%
The overall cost for comparison is 4.3% APRC
 

Product key features

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

Valuation fee contribution: We will contribute £275 towards the cost of one standard mortgage valuation.

Fees assisted legals: Your client has the choice of choosing our own solicitors, where we will assist with the standard legal fees, or receiving £150 cashback towards their own solicitor's costs. They will be advised of any non-standard costs that may be applicable. If your client chooses to use our solicitors, they will only act for us and will not provide them with independent advice regarding the mortgage transaction.

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 85%.

Interest rate floor

Your clients interest rate is floored and therefore cannot reduce below 2.38%.

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 until 30/11/2018; and
  • 1% of the amount repaid until 30/11/2019.
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.

Here to help you with...

  • Your potential new case with us
  • Process your decision in principle
  • Explain our lending criteria
  • Talk through affordability

Your home may be repossessed if you do not keep up repayments on your mortgage.