Mortgage customer read more"When I was looking for my mortgage I wanted a lender who was reputable and trustworthy. I was recommended to Tipton & Coseley by a member of the family."Mrs Main
2 year fixed 90% loan to value
Fixed until 31/07/2021
Early Repayment Charges apply.
This product may be withdrawn at any time.
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 mortgage amount or added 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.
There's a minimum mortgage amount of £50,000 and a maximum amount of £350,000.
The minimum property value is £75,000. This rises to £250,000 for properties located within the M25 corridor.
The maximum loan to value is 90%.
Mortgage repayment terms
The minimum repayment term is 5 years and the maximum repayment term is 35 years.
Early Repayment Charges
Up to 10% of the original mortgage amount can be overpaid each year without charge. If the mortgage is redeemed or switched to another product during the fixed rate term then an Early Repayment Charge will apply.
The Early Repayment Charge will be calculated at:
- 2% of the amount repaid until 31 July 2020; and
- 1% of the amount repaid until 31 July 2021.
Mortgage tariff of charges
The mortgage tariff of charges details the various fees and charges that may apply during the term of your mortgage.
A mortgage of £190,575 payable over 28 years initially on a fixed rate to 31 July 2021, currently 3.24% and then our SVR, currently 5.24%, for the remaining term would require an initial payment of £885.14 followed by 25 monthly payments of £868.08 and 310 monthly payments of £1,073.41.
The total amount payable would be £355,919.24 made up of the mortgage amount plus interest (£164,769.24) with a mortgage arrangement fee of £999, a 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 5.0% APRC representative.
We are here to help you...
- Discuss your mortgage
- Answer any questions
- Check how much you can borrow
- Help with your application
Your home may be repossessed if you do not keep up repayments on your mortgage.