Skipton 2yr 5.09% Fxd LTV 85% Direct Ex/C Mortgage Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | |||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Available in Branch Only |  | no | not just available in branch. | ||
| Existing Customers Only | | no | This mortgage is not just available to existing customers | ||
| Existing Borrowers Only | | yes | This mortgage is only 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. | ||
| Minimum Deposit | | 15% | 15% | ||
| Available Direct | | yes | This product is available direct from the provider. | ||
| Rates: | |||||
| Initial Rate APR | | 5.09% | 5.09% | ||
| Initial Rate End Date | | 31 Jul 2011 | 31 Jul 2011 | ||
| Final Rate | | 4.5% | The standard variable rate is 3.50% with floor rate of 4.50%. | ||
| Mortgage APR | | 3.8% | 3.8% | ||
| Fixed Rate End Date | | 31 Jul 2011 | Fixed rate until 31/07/2011 | ||
| Fixed Rate Term | | 24 months | 24 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 LTV is 85% | ||
| Maximum Loan | | £250,000 | The maximum loan is £250000 | ||
| House Purchase Max LTV | | 85% | The maximum loan to value for house purchase is 85% LTV 85% to £250,000 | ||
| Remortgage | | no | This product is not available for remortgages. | ||
| 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 | | yes | This product is 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 | | 40 years | Maximum term is 40 years. | ||
| Minimum Term | | 0 years | Minimum term is 0 years. | ||
| Incentives: | |||||
| Legal Fees Contribution | | no | No legal fees payable. | ||
| No Higher Lending Charge | | yes | No higher lending charge payable. | ||
| Facilities: | |||||
| Portable Mortgage | | yes | Product is portable. | ||
| Flexible Payments | | yes | Flexible options available - Payment Holidays, Overpayments, Daily interest. | ||
| Overpayments Available | | restricted | Up to 10% capital repayments allowed each year without charge. | ||
| Payment Holiday | | yes | Payment holidays are available. | ||
| Fees & Charges: | |||||
| Application Fee £ | | £195 | £195 arrangement fee payable up front. | ||
| Application Fee Added to Loan | | no | Arrangement fee payable upfront. | ||
| Early Repayment Charge | | yes | There is an early redemption charge payable. | ||
| Early Repayment Charge Amount | | 3% | ERC - 3% of the capital repaid until 31/07/2011. | ||
