Abbey 3yr 4.99% Fixed R/M C/B LTV 75% Direct Mortgage Features & Benefits
| 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. | |||





