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
3 year fixed 75% LTV [RMF97]
Fixed until 31/07/2023
Early Repayment Charges apply.
This product may be withdrawn at any time.
arrangement fee
£999
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.
booking fee
£99
This fee must be paid on application. We are unable to accept payment of the fee by credit card.
initial rate
2.44%
2.44% fixed until 31 July 2023
followed by our SVR
4.94%
The overall cost for comparison is
4.3%
APRC
Product key features
- Product related fees
- Product incentives
- Mortgage amounts
- Mortgage repayment terms
- Early Repayment Charges
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. Alternatively you can add the fee to the mortgage amount. If your client chooses to add the fee to their mortgage, they will pay interest on the fee at the same rate as their mortgage.
There is a booking fee of £99 which is non-refundable, non-transferable and must be paid on application.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Product incentives
Free standard valuation: We'll cover the cost of a standard valuation on a property valued up to £400,000. Properties valued over £400,000 will receive a contribution of £350 towards the cost.
Fees assisted legals: You have the choice of using our solicitors, where we'll cover the cost of any standard legal fees, or receiving £250 cashback towards your own solicitor's costs. You'll be advised of any non-standard costs that will apply. If you choose to use our solicitors, they'll only act for us and won't provide you with independent advice regarding the mortgage transaction.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Mortgage amounts
There is a minimum mortgage amount of £50,000.
This product has a maximum mortgage amount of £500,000.
The minimum property value is £75,000 increasing to £250,000 for properties located within the M25 corridor.
The maximum loan to value available with this product is 75%.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Mortgage repayment terms
Your client can repay their mortgage over a minimum of 5 years and a maximum of 35 years.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Early Repayment Charges
We allow you to overpay 10% of the original mortgage amount each year without charge. If you switch products or redeem during the product term you will be subject to the full Early Repayment Charge.
The Early Repayment Charge will be:
- 4% until 31 July 2020;
- 3% until 31 July 2021;
- 2% until 31 July 2022; and
- 1% until 31 July 2023.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Resources to get them moving
tools and guides
Speak to Paul, our Business Development Manager today
0121 521 4000*
Getting in touch
Our lines are open:
*Calls from landlines are charged at the standard rate. Calls from mobiles may vary.
| Monday - Friday | 9:00 - 17:00 |
| Saturday - Sunday | Closed |
Here to help you
- Discuss your clients needs
- Update on your existing cases with us
- Explain our products and criteria
- Talk through a new decision in principle
Your home may be repossessed if you do not keep up repayments on your mortgage.