RBS 5yr 5.99% Fxd R/M LTV 85% Direct 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 | | 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 | | 15% | 15% | ||
| Available Direct | | yes | This product is available direct from the provider. | ||
| Rates: | |||||
| Initial Rate APR | | 6.69% | 6.69% |  | |
| Initial Rate End Date | | 31 May 2015 | 31 Aug 2014 |  | |
| Final Rate | | 4% | The standard variable rate is 4.00% |  | |
| Mortgage APR | | 5.4% | 5.0% |  | |
| Fixed Rate End Date | | 31 May 2015 | Fixed interest rate until 31/05/2015 | | |
| 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 | | no | No | ||
| Endowment Mortgage | | no | No | ||
| Maximum LTV | | 85% | 85% |  | |
| Maximum Loan | | £2,000,000 | The maximum loan is £2000000 | | |
| Remortgage | | yes | This product is available for remortgages only. | ||
| Remortgage Max LTV | | 85% | The maximum loan to value for remortgage is 85% LTV 85% to £1,000,000 LTV 75% 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. | ||
| Shared Equity | | no | This product is not available for shared Equity. | ||
| 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 legal fees if using the bank's nominated solicitor. | ||
| No Higher Lending Charge | | yes | No higher lending charge payable. | ||
| Facilities: | |||||
| Portable Mortgage | | yes | This product is portable. | ||
| Flexible Payments | | no | Flexible options not available. | ||
| Overpayments Available | | yes | 10% overpayments allowed p.a. without penalty. | ||
| Payment Holiday | | no | No payment holiday is 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 | | 5/4/3/2/1% | ERC - 5% of the balance redeemed until 31/05/2011, 4% until 31/05/2012, 3% until 31/05/2013, 2% until 31/05/2014 and 1% until 31/05/2015 | ||
Apply for this mortgage: | |||||
