Norwich & Peterborough B.Soc. Term 0.75% Disc LTV 75% Direct Incentives 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 | | 2.95% | 2.95% |  | |
| Initial Rate End Date | | 36 months | 36 months |  | |
| Initial Rate Type | | variable | variable | ||
| Final Rate | | 5.35% | 5.35% standard variable rate |  | |
| Mortgage APR | | 4.9% | 4.2% | | |
| Rate Discount | | 2.4% | Discount of 2.40% | | |
| Rate Type Discounted From | | variable | Standard variable rate | ||
| Rate Discount Term | | 36 months | 36 months |  | |
| Minimum Rate | | 2.75% | Minimum rate is 2.75% | | |
| Minimum Rate End Date | | term | Term | | |
| 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 Maximum 50% LTV | ||
| Endowment Mortgage | | yes | Yes | ||
| Maximum LTV | | 75% | 75% | | |
| Maximum Loan | | £2,000,000 | The maximum loan is £2000000 | | |
| House Purchase Max LTV | | 75% | The maximum loan to value for house purchase is 75% LTV 75% to £2,000,000 | | |
| Remortgage | | yes | This product is available for Remortgages | ||
| Remortgage Max LTV | | 75% | The maximum loan to value Remortgages 75% LTV 75% to £2,000,000 | | |
| First Time Buyers | | yes | This product is available to First Time Buyers | ||
| First Time Buyer Max LTV | | 75% | The maximum loan to value for first time buyer is 75% LTV 75% to £2,000,000 | | |
| 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 | | 40 years | The maximum term is 40 years. | ||
| Minimum Term | | 5 years | 5 years. | ||
| Incentives: | |||||
| Legal Fees Contribution | | no | No legal fee incentive offered. | ||
| No Higher Lending Charge | | yes | No higher lending charge payable. | ||
| Facilities: | |||||
| Portable Mortgage | | yes | This product is portable | ||
| Flexible Payments | | yes | Flexible options are available on this product. Overpayments Underpayments Payment holidays Capital repayments of up to 10% per annum | ||
| Overpayments Available | | restricted | Overpayments of up to 10% of loan allowed per year without penalty. (Maximum per annum £10,000) | ||
| Payment Holiday | | yes | Payment holidays are available. | ||
| Fees & Charges: | |||||
| Application Fee £ | | £695 | £695 reservation fee payable. | | |
| Application Fee Added to Loan | | yes | Reservation fee can be added to the loan. | ||
| Early Repayment Charge | | yes | There is an early redemption charge payable. | ||
| Early Repayment Charge Amount | | 3% | ERC - 3% of the balance outstanding in the first 3 years. | ||
| Early Repayment Charge Term | | 36 months | 36 months. | ||
Apply for this mortgage: | |||||
