3 year discount 85% loan to value

Product related fees

There is an arrangement fee of £999. This fee can be paid upfront by deducting the fee from the amount you borrow. Alternatively, you can add the fee to the mortgage amount. If you add the arrangement fee to the mortgage you will pay interest on the fee at the same rate as your mortgage. 

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 and a maximum mortgage amount of £500,000.

We have a minimum property value of £75,000 which increases to £250,000 for properties that are located within the M25 corridor.

The maximum loan to value is 85%.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Interest rate floor

The interest rate on this product cannot fall below 2.19%.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Early Repayment Charges

You can overpay up to 10% of the original mortgage amount each calendar year. If more than 10% is repaid, including a full redemption or switching to a new product you will be liable for an Early Repayment Charge.

The Early Repayment Charge will be calculated at:

• 3% of the amount repaid during the first year;
• 2% of the amount repaid during the second year; and
• 1% of the amount repaid during the third year.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Mortgage repayment terms

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

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Mortgage tariff of charges

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

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Representative example

A mortgage of £176,300 payable over 25 years initially on a discounted variable rate for 3 years from inception, currently 2.19% (equal to a 3.15% discount from our SVR) and then our SVR, currently 5.34% for the remaining term would require an initial payment of £778.66, followed by 34 monthly payments of £768.00 and 265 monthly payments of £1,037.38.

The total amount payable would be £302,396.36 made up of the mortgage amount plus interest (£125,496.36), an arrangement fee of £999, a mortgage valuation fee of £300, legal fees of £150, a telegraphic transfer fee of £25 and mortgage exit fees of £125.

The overall cost for comparison is 4.7% APRC representative.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.