Abbey 2yr 5.39% Fixed R/M LTV 80% Mortgage Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | |||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Available in Branch Only |  | no | not just available in branch. | ||
| Existing Customers Only | | no | This mortgage is not just available to existing customers | ||
| Existing Borrowers Only | | no | This mortgage is not just available to existing borrowers. | ||
| Remortgage Only | | yes | Only available for remortgages. | ||
| First Time Buyers Only | | no | This mortgage is not just available to first time buyers. | ||
| Available Via a Broker Only | | no | Available direct. | ||
| Minimum Deposit | | 20% | 20% | ||
| Available Direct | | yes | This product is available direct from the provider. | ||
| Rates: | |||||
| Initial Rate APR | | 5.39% | 5.39% | ||
| Initial Rate End Date | | 02 Apr 2012 | 02 Feb 2012 | ||
| Final Rate | | 4.24% | The standard variable rate is 4.24% | ||
| Mortgage APR | | 4.6% | 4.6% | ||
| Fixed Rate End Date | | 02 Apr 2012 | 02/04/2012 | ||
| Fixed Rate Term | | 24 months | 24 months. | ||
| Frequency of Interest Calculations | | daily | Interest is calculated daily. | ||
| Tie-in Period After Rate | | 0 years | No tie-in period. | ||
| Suitability: | |||||
| Mortgage Type | | Fixed Rate | Fixed Rate | ||
| Repayment Mortgage | | yes | Yes. | ||
| Interest Only Mortgage | | yes | The maximum LTV for interest only with no repayment vehicle is 75%. | ||
| Endowment Mortgage | | yes | The maximum LTV for interest only with a repayment vehicle is 75% | ||
| Maximum LTV | | 80% | The maximum loan to value is 80% | ||
| Maximum Loan | | £550,000 | The maximum loan is £550000. | ||
| Remortgage | | yes | This product is available to remortgages. | ||
| Remortgage Max LTV | | 80% | The maximum loan to value for remortgage is 80% LTV 80% to £550,000 | ||
| First Time Buyers | | no | This product is not available to first time buyers. | ||
| Existing Borrowers Moving Home | | no | This product is not available to existing borrowers moving home. | ||
| Existing Borrowers Not Moving Home | | no | This product is not available to existing borrowers not moving home. | ||
| Homemover | | no | This product is not available to homemovers. | ||
| Shared Ownership | | yes | This product is available for shared ownership. | ||
| Shared Ownership Max LTV | | 80% | The maximum loan to value for shared ownership is 80% LTV 80% to £550,000 | ||
| Shared Equity | | no | This product is not available for shared Equity. | ||
| Restrictions: | |||||
| Maximum Term | | 35 years | 35 years. | ||
| Minimum Term | | 5 years | 5 years. | ||
| Incentives: | |||||
| Legal Fees Contribution | | yes | Remortgage Solution Free in house legal fees | ||
| No Higher Lending Charge | | yes | No higher lending charge is payable. | ||
| Facilities: | |||||
| Portable Mortgage | | yes | This product is portable. | ||
| Flexible Payments | | no | There are no flexible options available. | ||
| Overpayments Available | | yes | Up to and including 10% of the loan may be repaid each year without penalty. Minimum £500. | ||
| Payment Holiday | | no | Payment holidays are not available. | ||
| Fees & Charges: | |||||
| Application Fee £ | | varies | £995 booking fee payable. £225 mortgage account fee payable upon completion or deferred until redemption. (The fee is fixed, does not incur...expand | ||
| Application Fee Added to Loan | | yes | The booking fee can be added to the loan. | ||
| Early Repayment Charge | | yes | There is an early redemption charge payable. | ||
| Early Repayment Charge Amount | | 3% + incentives | ERC - 3% of outstanding balance until 02/04/2012 + £200 for legals in conjunction with the Remortgage Solution package until 02/01/2012. | ||
