2 year discount 90% loan to value

Discounted for 2 years

Early Repayment Charges apply.

This product may be withdrawn at any time.

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monthy repayment
This figure is a projection only and may differ from your actual monthly repayment
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.
booking fee
This fee must be paid when you apply for your mortgage.
no fee
initial rate
2.30% discount from our Standard Variable Rate for 2 years
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 5.0% 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 you borrow, alternatively you can add the fee to the amount you borrow.

If you add the fee to your mortgage you will pay interest on the fee at the same rate as your mortgage.

Mortgage amounts

There is a minimum mortgage amount of £50,000 and a maximum mortgage amount of £350,000.

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 is 90% of the purchase price or valuation, whichever is lower.

Interest rate floor

Your interest rate is floored and cannot reduce below 2.69%.

Mortgage repayment terms

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

Early Repayment Charges

We allow you to overpay up to 10% of the original mortgage amount each year without charge. If you exceed 10%, switch products or redeem your mortgage during the product term then an Early Repayment Charge will be payable.

The Early Repayment Charge reduces each year, starting at 2% of the amount repaid during the first year, and 1% of the amount repaid during the second year.

Mortgage tariff of charges

The mortgage tariff of charges details the various fees and charges that may apply during the term of your mortgage.

Representative example

A mortgage of £200,000 payable over 25 years initially on a discounted variable rate for 2 years from inception, currently 2.94% (equal to a 2.30% discount from our SVR) and then our SVR, currently 5.24% for the remaining term would require an initial payment of £963.13 followed by 23 monthly payments of £946.90 and 276 monthly payments of £1,184.57.

The total amount payable would be £350,618.15 made up of the mortgage amount plus interest (£149,683.15) with a mortgage arrangement fee of £999, 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 5.0% APRC representative.

Zoe, from our mortgage team is happy to help 0121 557 2551* Contact Us
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Your home may be repossessed if you do not keep up repayments on your mortgage.