Abbey 3yr 4.99% Fixed R/M C/B LTV 75% Direct Mortgage Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | |||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Available in Branch Only |  | no | not just available in branch only.not just available in branch only. | ||
| 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 | Not just available via brokers.Available direct. | ||
| Minimum Deposit | | 25% | 25% | ||
| Rates: | |||||
| Initial Rate APR | | 4.99% | 4.99% | ||
| Initial Rate End Date | | 02 Jan 2013 | 02 Nov 2012 | ||
| Final Rate | | 4.24% | The standard variable rate is 4.24% | ||
| Mortgage APR | | 4.6% | 4.6% | ||
| Fixed Rate End Date | | 02 Jan 2013 | 02/01/2013 | ||
| Fixed Rate Term | | 36 months | 36 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 | | 75% | 75% | ||
| Maximum Loan | | £550,000 | The maximum loan is £550000. | ||
| Remortgage | | yes | This product is available to remortgages. | ||
| Remortgage Max LTV | | 75% | The maximum loan to value for remortgage is 75% LTV 75% 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 | | 75% | The maximum loan to value for shared ownership is 75% LTV 75% 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 | | no | No legal fees incentive offered | ||
| 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 | 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 | Fee cannot 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 02/01/2013 + £250 cashback in conjunction with the Remortgage Solution package until 02/10/2011. | ||
