Britannia 3yr 6.19% Fxd LTV 90% Option 1 Mortgage Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | |||
|---|---|---|---|---|---|
| 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 | | no | This is not just 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. | ||
| Available Direct | | yes | This product is available direct from the provider. | ||
| Rates: | |||||
| Initial Rate APR | | 6.34% | 6.34% | ||
| Initial Rate End Date | | 36 months | 36 months | ||
| Final Rate | | 4.24% | The standard variable rate is 4.24% | ||
| Mortgage APR | | 5% | 5.2% | ||
| 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 | Yes | ||
| Endowment Mortgage | | yes | Yes | ||
| Maximum LTV | | 85% | The maximum loan to value is 85%. | ||
| Maximum Loan | | £500,000 | The maximum loan is £500000. | ||
| House Purchase Max LTV | | 85% | The maximum loan to value for house purchase is 85% LTV 85% to £500,000 | ||
| Remortgage | | yes | This product is available for remortgages. | ||
| Remortgage Max LTV | | 85% | The maximum loan to value for remortgage is 85% LTV 85% to £500,000 | ||
| First Time Buyers | | yes | This product is available to first time buyers. | ||
| First Time Buyer Max LTV | | 85% | The maximum loan to value for first time buyers is 85% LTV 85% to £500,000 | ||
| Existing Borrowers Moving Home | | yes | This product is available to existing borrowers moving home. | ||
| Existing Borrowers Not Moving Home | | no | This product is not available to existing borrowers not moving home. | ||
| Homemover | | yes | This product is available to homemovers. | ||
| Shared Ownership | | yes | This product is available for shared ownership. | ||
| Shared Ownership Max LTV | | 85% | Maximum loan to value against purchase price for shared ownership 85% LTV 85% to £500,000 | ||
| Right to Buy Max LTV | | 100% | Maximum loan to value right to buy against purchase price 100% LTV 100% to £500,000 | ||
| Shared Equity | | no | This product is not available for shared Equity. | ||
| Restrictions: | |||||
| Maximum Term | | 40 years | Maximum term 40 years. | ||
| Minimum Term | | 5 years | Minimum term 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 | This product is portable. | ||
| Flexible Payments | | yes | No flexible options available. | ||
| Overpayments Available | | restricted | Overpayments of up to £499 per month are allowed without penalty. | ||
| Payment Holiday | | no | No payment holiday facility available. | ||
| Fees & Charges: | |||||
| Application Fee £ | | varies | £599 arrangement fee payable of which £150 booking fee is payable up front. | ||
| Application Fee Added to Loan | | yes | Option to add arrangement fees to loan, booking fee to be paid upfront. | ||
| Early Repayment Charge | | yes | There is an early redemption charge payable. | ||
| Early Repayment Charge Amount | | 3/2/1% | ERC - 3% of the amount repaid in year 1, 2% in year 2 and 1% in year 3. | ||
| Early Repayment Charge Term | | 36 months | ERC for 36 months. | ||
