Loughborough Term 0.75% Discount LTV 80% Direct Mortgage Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | Rating out of 5 | ||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Available in Branch Only |  | no | not just available in branch. | ||
| 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 | | 4.24% | 4.24% |  | |
| Initial Rate Type | | variable | variable | ||
| Final Rate | | 4.24% | The standard variable rate is 4.24% |  | |
| Mortgage APR | | 4.4% | 4.4% | | |
| Rate Discount | | 0.75% | Discount 0.75% |  | |
| Rate Type Discounted From | | variable | Standard Variable Rate | ||
| Rate Discount Term | | term | Not applicable. |  | |
| Minimum Rate | | 2% | The minimum rate payable is 2.00% | | |
| Minimum Rate End Date | | term | The minimum rate is for the term of the mortgage | | |
| Frequency of Interest Calculations | | daily | Interest is calculated daily | ||
| Tie-in Period After Rate | | 0 years | No tie-in period | ||
| Suitability: | |||||
| Mortgage Type | | Discounted | Discounted | ||
| Repayment Mortgage | | yes | Yes | ||
| Interest Only Mortgage | | yes | Yes | ||
| Endowment Mortgage | | yes | Yes | ||
| Maximum LTV | | 80% | The maximum LTV is 80% | | |
| Maximum Loan | | £250,000 | The maximum loan is £250000 |  | |
| House Purchase Max LTV | | 80% | The maximum loan to value house purchase 80% LTV 80% to £250,000 | | |
| Remortgage | | yes | This product is available for remortgages. | ||
| Remortgage Max LTV | | 80% | The maximum loan to value remortgage 80% LTV 80% to £250,000 | | |
| First Time Buyers | | yes | This product is available to first time buyers. | ||
| First Time Buyer Max LTV | | 80% | The maximum loan to value First Time Buyer 80% LTV 80% to £250,000 | | |
| 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 | | no | Not available for shared ownership schemes. | ||
| Right to Buy | | yes | Available for Right to Buys. | ||
| Right to Buy Max LTV | | 100% | The maximum loan to value Right to Buy against purchase price 100% LTV 100% to £250,000 | | |
| Shared Equity | | no | This product is not available for shared Equity. | ||
| Restrictions: | |||||
| Maximum Term | | 35 years | The maximum term is 35 years. | ||
| Minimum Term | | 3 years | 3 years. | ||
| Incentives: | |||||
| Legal Fees Contribution | | yes | In house contribution towards legal fees for remortgages only. Applicant will be asked to make an initial payment of £100 to cover remaining fees,...expand | ||
| No Higher Lending Charge | | yes | No higher lending charge payable. | ||
| Facilities: | |||||
| Portable Mortgage | | yes | This product is portable. | ||
| Flexible Payments | | no | No flexible options available. | ||
| Overpayments Available | | restricted | Up to 10% of the loan can be repaid per annum without charge. | ||
| Payment Holiday | | no | No payment holidays allowed. | ||
| Fees & Charges: | |||||
| Application Fee £ | | £249 | £249completion fee payable. | | |
| Application Fee Added to Loan | | yes | Completion fee can be added to the loan. | ||
| Early Repayment Charge | | yes | There is an early redemption charge payable. | ||
| Early Repayment Charge Amount | | 5% | ERC - 5% of the advance within the first 3 years. | ||
| Early Repayment Charge Term | | 36 months | 36 months | ||
Apply for this mortgage: | |||||
