3 year discount 95% loan to value

Discounted until 31/10/2020.

This product may be withdrawn at any time.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.
no fee
booking fee
This fee must be paid when you apply for your mortgage.
£199
initial rate
1.66% discount from our Standard Variable Rate until 31 October 2020.
3.08%
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 related fees

There is a £199 booking fee that must be paid on application. This fee is non-refundable and non-transferable.

Product incentives

Free standard valuation: Your first standard mortgage valuation will be free.

Free standard legal fees: You may use our solicitors for free. If there are any non-standard legal fees that will apply, you will be advised of these. Or, if you choose to use your own solicitors we will give you £150 cashback towards these fees. If you do choose to use our solicitors, they will not be able to provide you with independent advice regarding the mortgage transaction and will only act for us.

Cashback: A £199 cashback will be paid on completion of the mortgage.

Mortgage amounts

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

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

There is a minimum property valuation of £75,000 which increased to £250,000 for properties located within the M25 corridor.

The maximum loan to value available with this product is 95%.

Mortgage repayment terms

You can repay your mortgage over a minimum of 5 years and a maximum of 35 years.

Interest rate floor

The interest rate on this product is floored and cannot fall below 2.99%.

Early Repayment Charges

No Early Repayment Charges apply.

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 £199,000 payable over 28 years initially on a discounted variable rate until 31 October 2020, currently 3.08% (equal to a 1.66% discount from our SVR) and then our SVR, currently 4.74% for the remaining term would require an initial payment of £901.45 followed by 37 monthly payments of £884.62 and 298 monthly payments of £1,052.20.

The total amount payable would be £347,536.99 made up of the mortgage amount plus interest (£148,187.99) with a mortgage booking fee of £199, a telegraphic transfer fee of £25 and mortgage exit fees of £125.

The overall cost for comparison is 4.4% APRC representative.

Gail, from our mortgage team is here 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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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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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.