5 year fixed 90% loan to value

Fixed until 28/02/2025

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This product may be withdrawn at any time.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.
booking fee
This fee must be paid when you apply for your mortgage.
no fee
initial rate
3.39% fixed rate to 28 February 2025
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 4.5% 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 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.

Mortgage amounts

The minimum mortgage amount is £50,000 and the maximum mortgage amount is £350,000.

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

The maximum loan to value is 90% of the purchase price or valuation, whichever is lower.

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. Payments in excess of 10% will incur an Early Repayment Charge.

In addition, if the mortgage is redeemed or switched to another product during the discount rate product term then an Early Repayment Charge will apply.

The Early Repayment Charge will be calculated at:

  • 6% until 29 February 2020;
  • 5% until 28 February 2021;
  • 4% until 28 February 2022;
  • 3% until 28 February 2023;
  • 2% until 29 February 2024; and
  • 1% until 28 February 2025.
Mortgage tariff of charges

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

Representative example

A mortgage of £110,700 payable over 23 years initially on a fixed rate to 28 February 2025, currently 3.39% and then our SVR, currently 5.24%, for the remaining term would require an initial payment of £593.72 followed by 62 monthly payments of £583.32 and 213 monthly payments of £673.37.

The total amount payable would be £180,712.37 made up of the mortgage amount plus interest (£69,487.37) with a mortgage arrangement fee of £999, a mortgage valuation fee of £225, legal fees of £150, a telegraphic transfer fee of £25 and mortgage exit fees of £125.

The overall cost for comparison is 4.5% APRC representative.

Laurence, our Mortgage Adviser is here to help 0121 557 2551* Contact Us
Our lines are open:
Monday - Tuesday09:00 - 17:00
Wednesday09:30 - 17:00
Thursday - Friday09:00 - 17:00
Saturday09:00 - 12:00
*Calls from landlines are charged at the standard rate. Calls from mobiles may vary.

We are happy to help you...

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  • Answer any questions
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  • Book a mortgage appointment

What our mortgage customers say...

"I sat down with a Mortgage Adviser who listened to my needs and recommended a suitable product for me, they were very friendly and had a personal approach which gave me peace of mind." Mrs Main
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What our mortgage customers say...

"At the Tipton I like that you are spoken to in plain English, there isn't loads of mortgage jargon, making it easy to understand." Miss Savell-Boss
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Your home may be repossessed if you do not keep up repayments on your mortgage.