RBS 2yr BBR+2.74% R/M LTV 80% RoyalGold/Priv/Ex/C 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 | | yes | This mortgage is only available to existing customers. | ||
| Existing Customer Type | | current account | Available for customers who have a Royalties Private or Royalties Business current account only | ||
| 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 | Available direct. | ||
| Minimum Deposit | | 20% | 20% | ||
| Available Direct | | yes | This product is available direct from the provider. | ||
| Rates: | |||||
| Initial Rate APR | | 3.24% | 3.24% |  | |
| Initial Rate End Date | | 29 Feb 2012 | 29 Feb 2012 |  | |
| Initial Rate Type | | tracker | tracker | ||
| Tracker Loading on Lender's Base Rate or SVR | | 2.74% | 2.74 | ||
| Lender's Base Rate or SVR for Trackers | | 0.5% | Bank Base Rate of 0.50% | ||
| Final Rate | | 4% | The standard variable rate is 4.00% |  | |
| Mortgage APR | | 4% | 4% |  | |
| Frequency of Interest Calculations | | daily | Interest is calculated daily | ||
| Tie-in Period After Rate | | 0 years | No tie-in period. | ||
| Suitability: | |||||
| Mortgage Type | | Standard | Standard | ||
| Repayment Mortgage | | yes | Yes | ||
| Interest Only Mortgage | | no | No | ||
| Endowment Mortgage | | no | No | ||
| Maximum LTV | | 80% | 80% | | |
| Maximum Loan | | £2,000,000 | The maximum loan is £2000000 | | |
| Remortgage | | yes | This product is available for remortgages. | ||
| Remortgage Max LTV | | 80% | The maximum loan to value for remortgage is 80% LTV 80% to £2,000,000 | | |
| 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 | | no | This product is not available for shared ownership. | ||
| Right to Buy | | no | This product is not available for right to buys. | ||
| Shared Equity | | no | This product is not available for shared equity schemes. | ||
| Restrictions: | |||||
| Maximum Term | | 52 years | Maximum term 52 years. Maximum term to retirement or age 70. | ||
| Minimum Term | | 3 years | Minimum term 3 years. | ||
| Incentives: | |||||
| Legal Fees Contribution | | yes | Free in house legal fees incentive offered. | ||
| 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 | | yes | 10% overpayments allowed p.a. without penalty. | ||
| Payment Holiday | | no | No payment holiday facility available. | ||
| Fees & Charges: | |||||
| Application Fee £ | | £999 | £999 product fee payable. | | |
| Application Fee Added to Loan | | yes | 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 redeemed until 31/05/2012 | ||
Apply for this mortgage: | |||||
