3 year discount 90% loan to value

Discounted until 31/07/2020.

Early Repayment Charges apply.

This product may be withdrawn at any time.

arrangement fee
This can be paid up-front or added to the mortgage. Bear in mind that if you add the fee to your mortgage, you'll pay interest on it at the same rate as your mortgage and as a result will pay more interest over the term of your mortgage.
no fee
booking fee
This fee must be paid when you apply for your mortgage.
no fee
initial rate
1.96% discount from our Standard Variable Rate until 31 July 2020
followed by our SVR
Our Standard Variable Rate (or SVR) reflects our cost of lending using a number of factors, including the Bank of England Base Rate. As the SVR is a variable rate it can change at any time.
the overall cost for comparison is 4.4% APRC

Product key features

Mortgage amounts

There is a minimum mortgage amount of £50,000.

This product has a maximum mortgage amount of £350,000.

There is a minimum valuation of £75,000 which increased to £250,000 for properties located within the M25 corridor.

The maximum loan to value for this product is 90%.

Mortgage repayment terms

Your mortgage term must be a minimum of 5 years and a maximum of 35 years.

Interest rate floor

Your interest rate cannot fall below 2.78%.

Early Repayment Charges

You can make overpayments up to 10% of the original mortgage amount each year. Any payments taking you over this allowance, including redeeming or switching will be subject to an Early Repayment Charge.

The Early Repayment Charge will be as below:

  • 3% of the amount repaid until 31/07/2018;
  • 2% of the amount repaid until 31/07/2019; and
  • 1% of the amount repaid until 31/07/2020.
Mortgage tariff of charges

Our mortgage tariff of charges shows the fees and charges that apply during your mortgage term.

Representative example

A mortgage of £190,400 payable over 30 years initially on a discounted variable rate until 31 July 2020, currently 2.78% (equal to a 1.96% discount from our SVR) and then our SVR, currently 4.74% for the remaining term would require an initial payment of £794.85 followed by 35 monthly payments of £780.32 and 324 monthly payments of £973.16.

The total amount payable would be £343,984.89 made up of the mortgage amount plus interest (£153,009.89) with a mortgage valuation fee of £275, legal fees of £150, a telegraphic transfer fee of £25 and mortgage exit fees of £125.

The overall cost for comparison is 4.4% APRC representative.

Gail, from our mortgage team is here to help 0121 557 2551* or arrange a callback
Our branches are open:
Monday - Tuesday09:00 - 17:00
Wednesday09:30 - 17:00
Thursday - Friday09:00 - 17:00
Saturday09:00 - 12:00
*Calls from landlines are charged at the standard rate. Calls from mobiles may vary.

We are happy to help you...

  • Find the best mortgage for you
  • Answer any questions
  • Discuss your existing mortgage
  • Book a mortgage appointment

Our mortgage customers say...

"I sat down with a Mortgage Adviser who listened to my needs and recommended a suitable product for me, they were very friendly and had a personal approach which gave me peace of mind." Mrs Main
Mortgage customer read more

Our mortgage customers say...

"When I visited Tipton I sat down with Gail, a Mortgage Adviser, who listened to my needs and was aware of what I was looking for and from this she was able to explain all my options to me." Miss Savell-Boss
Mortgage customer read more

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