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2 year discount 95% loan to value

Discounted for 2 years

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This product may be withdrawn at any time.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
1.70% discount from our Standard Variable Rate for 2 years
3.29%
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.
4.99%
the overall cost for comparison is 4.8% APRC
 

Product key features

Mortgage amounts

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

This product offers a maximum mortgage amount of £250,000.

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 of this product is 95% of the purchase price or valuation, whichever is lower.

Interest rate floor

If interest rates fall, your rate cannot reduce below 3.29%.

Mortgage repayment terms

The minimum repayment term is 5 years and the maximum repayment term is 35 years.

Early Repayment Charges

During the discount product term you can make overpayments each year up to 10% of the original mortgage amount without incurring Early Repayment Charges. This includes in the event of redemption or switching your mortgage to another product.

The Early Repayment Charge will reduce each year during the discount product term, starting at 2% of the amount repaid during the first year and 1% during the second year.

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 £200,000 payable over 25 years initially on a discounted variable rate for 2 years from inception, currently 3.29%, (equal to 1.70% discount from our SVR) and then our SVR, currently 4.99% for the remaining term would require an initial payment of £996.94 followed by 23 monthly payments of £978.86 and 276 monthly payments of £1,154.69.

The total amount payable would be £343,140.16 made up of the loan amount plus interest (£142,205.16) with a mortgage valuation fee of £635, legal fees of £150, a telegraphic transfer fee of £25 and mortgage exit fees of £125.

The overall cost for comparison is 4.8% APRC representative.

Laurence, our Mortgage Adviser is here to help 0121 557 2551* Contact Us
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"You soon get to know the people you are dealing with, which helps to take the stress out of your mortgage." Mrs Main
Mortage customer

Our mortgage customers say...

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