2 year discount 90% loan to value

Discounted until 30/11/2019.

Early Repayment Charges apply.

This product may be withdrawn at any time.

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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.
£999
booking fee
This fee must be paid when you apply for your mortgage.
no fee
initial rate
2.16% discount from our Standard Variable Rate until 30 November 2019
2.58%
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.
4.74%
the overall cost for comparison is 4.4% APRC
 

Product key features

Product relates fees

There is an arrangement fee of £999. This fee can be added to the amount you borrow or paid up front by deducting the fee from the mortgage amount.

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

Product incentives

Valuation fee contribution: We will give you £275 towards the cost of one standard mortgage valuation.

Fees assisted legals: We will assist towards the cost of standard legal fees if you choose to use our solicitors. If you choose to use your own solicitors, we will give you £150 cashback towards these costs. If any non-standard costs apply you will be advised of this. Should you choose to use our solicitors they will only act on our behalf and will not give you independent legal advice regarding the mortgage.

Mortgage amounts

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

This product has a maximum mortgage amount of £350,000.

The minimum loan is £25,000. This increases to £250,000 for properties located within the M25 corridor.

The maximum loan to value is 90%.

Mortgage repayment terms

There is a minimum repayment term of 5 years and a maximum repayment term of 35 years.

Interest rate floor

Your interest rate cannot fall below 2.58%.

Early Repayment Charges

You can make overpayments up to 10% of the original mortgage amount each year. Any payments taking you over this allowance, including redeeming or switching will be subject to an Early Repayment Charge.

Your Early Repayment Charge decreases throughout the product term, starting at 2% of the amount repaid until 30/11/2018 then 1% until 30/11/2019.

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 £178,000 payable over 25 years initially on a discounted variable rate until 30 November 2019, currently 2.58% (equal to a 2.16% discount from our SVR) and then our SVR, currently 4.74% for the remaining term would require an initial payment of £822.93 followed by 24 monthly payments of £810.25 and 275 monthly payments of £1,003.19.

The total amount payable would be £296,296.18 made up of the mortgage amount plus interest (£118,146.18) with a mortgage arrangement fee of £999, a telegraphic transfer fee of £25 and mortgage exit fees of £125.

The overall cost for comparison is 4.4% APRC representative.

Zoe, from our mortgage team is happy to help 0121 557 2551* or arrange a callback
Our branches are open:
Monday - Tuesday09:00 - 17:00
Wednesday09:30 - 17:00
Thursday - Friday09:00 - 17:00
Saturday09:00 - 12:00
SundayClosed
*Calls from landlines are charged at the standard rate. Calls from mobiles may vary.

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Your home may be repossessed if you do not keep up repayments on your mortgage.