No booking fee payable.
£225 mortgage account fee payable upon completion or deferred until redemption. (The fee is fixed, does not incur interest, and is non-refundable. For further information please visit the lenders website.)collapse
| Application Criteria | ||||
| 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 | 30% | 30% | ||
| Available Direct | yes | This product is available direct from the provider. | ||
| Rates | ||||
| Initial Rate APR | 3.54% | 3.54% | ||
| Initial Rate End Date | 24 months | 24 months | ||
| Initial Rate Type | tracker | tracker | ||
| Final Rate | 4.24% | The standard variable rate is 4.24% | ||
| Mortgage APR | 4.2% | 4.2% | ||
| Minimum Rate | 0.01% | The minimum rate payable is 0.01%. | ||
| Minimum Rate End Date | term | The minimum rate is set for the term of the mortgage. | ||
| Frequency of Interest Calculations | daily | Interest is calculated daily. Charged on a monthly basis | ||
| Tie-in Period After Rate | 0 years | No tie-in period. | ||
| Suitability | ||||
| Mortgage Type | Standard | Standard | ||
| Repayment Mortgage | yes | Yes. | ||
| Interest Only Mortgage | yes | The maximum LTV for pure interest only without a repayment vehicle is 75%. | ||
| Endowment Mortgage | yes | The maximum LTV for interest only with a repayment vehicle is 75% | ||
| Max LTV | 70% | 70% | ||
| Maximum Loan | £150,000 | Maximum loan of £150000 | ||
| Remortgage | yes | This product is available to remortgages. | ||
| Remortgage Max LTV | 70% | The maximum loan to value for remortgages is 70% LTV 70% to £150,000 | ||
| 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 who are not moving home. | ||
| Homemover | no | This product is not available to home movers. | ||
| Shared Ownership | yes | This product is available for shared ownership. | ||
| Shared Ownership Max LTV | 70% | The maximum loan to value for shared ownership is 70% LTV 70% to £150,000 | ||
| Right to Buy | no | This product is not available for right to buy. | ||
| Shared Equity | no | This product is not available for shared equity schemes. | ||
| Restrictions | ||||
| Maximum Term | 35 years | 35 years. | ||
| Minimum Term | 5 years | 5 years. | ||
| Incentives | ||||
| Legal Fees Contribution | no | No legal fees incentive offered. | ||
| No Higher Lending Charge | yes | No higher lending charge payable. | ||
| Facilities | ||||
| Portable Mortgage | yes | The product is portable. | ||
| Flexible Payments | yes | Overpayments are 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 | No booking fee payable. £225 mortgage account fee payable upon completion or deferred until redemption. (The fee is fixed, does not incur interest,...expand | ||
| Application Fee Added to Loan | no | The fee cannot be added to the loan. | ||
| Early Repayment Charge | yes | There is an early redemption charge payable. | ||
| Early Repayment Charge Amount | 2% + incentives | ERC - 2% of outstanding balance for 2 years + £250 cashback in conjunction with the Remortgage Solution package until 02/11/2011. | ||
| Early Repayment Charge Term | 24 months | 24 months. | ||
