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
2 year discount 90% LTV [RMD192]
Discounted for 2 years
Early Repayment Charges apply.
This product may be withdrawn at any time.
Product key features
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.
There is a minimum mortgage amount of £50,000.
This product has a maximum mortgage amount of £350,000.
The minimum property value is £75,000 which increases to £250,000 for properties located within the M25 corridor.
The maximum loan to value with this product is 90%.
Interest rate floor
Your clients interest rate cannot fall below 2.99%.
Mortgage repayment terms
There is a minimum repayment term of 5 years and a maximum repayment term of 35 years.
Early Repayment Charges
Your client can make overpayments up to 10% of the original mortgage amount each year. Any payments taking them over this allowance, including redeeming or switching will be subject to an Early Repayment Charge.
Their Early Repayment Charge decreases throughout the product term as follows:
- 2% of the amount repaid during the first year; then
- 1% of the amount repaid during the second year.
Here to help
- Discuss a potential new case
- Help with your existing case with us
- Answer any of your questions
- Talk through affordability
Your home may be repossessed if you do not keep up repayments on your mortgage.