3 year discount 95% loan to value

Mortgage amounts

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

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

The minimum property value is £75,000, increasing to £250,000 for properties located within the M25 corridor.

The maximum loan to value is 95%.

Interest rate floor

Your interest rate is discounted from our Standard Variable Rate and cannot fall below 2.99%.

Mortgage repayment terms

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

Early Repayment Charges

No Early Repayment Charges apply to this product.

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 £400,000 payable over 21 years initially on a discounted variable rate for 3 years from inception, currently 3.54% (equal to a 1.70% discount from our SVR) and then our SVR, currently 5.24% for the remaining term would require an initial payment of £2,290.88 followed by 34 monthly payments of £2,251.97 and 217 monthly payments of £2,574.50.

The total amount payable would be £638,459.36 made up of the mortgage amount plus interest (£237,524.36) 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 4.9% APRC representative.