Britannia 5yr 6.79% Fxd LTV 90% Option 2 Mortgage Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | Rating out of 5 | ||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Permanent UK Resident |  | yes | This product is only available to individuals who are permanent UK residents. | ||
| 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 | | 6.09% | 6.09% |  | |
| Initial Rate End Date | | 30 Jun 2015 | 60 months |  | |
| Final Rate | | 4.24% | The standard variable rate is 4.24% |  | |
| Mortgage APR | | 5.3% | 5.7% | | |
| Fixed Rate End Date | | 30 Jun 2015 | Not applicable. | | |
| Fixed Rate Term | | 60 months | 60 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 | | yes | This product is 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 | | yes | Free standard legal fees incentive offered for remortgages. | ||
| 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: | |||||
| Early Repayment Charge | | yes | There is an early redemption charge payable. | ||
| Early Repayment Charge Amount | | 5/4/3/2/1% | ERC - 5% of the amount repaid until 30/06/2011, then 4% until 30/06/2012, then 3% until 30/06/2013, then 2% until 30/06/2014 and then 1% until 30/06/2015 | ||
Apply for this mortgage: | |||||
