Woolwich Openplan FM BBR + 2.39% Offset LTV 70% 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 | | 2.89% | 2.89% |  | |
| Initial Rate End Date | | term | term | ||
| Initial Rate Type | | tracker | tracker | ||
| Tracker Loading on Lender's Base Rate or SVR | | 2.39% | 2.39 | ||
| Lender's Base Rate or SVR for Trackers | | 0.5% | Bank Base Rate of 0.50% | ||
| Final Rate | | 2.99% | The standard variable rate is 2.99% | | |
| Mortgage APR | | 3.1% | 3.2% | | |
| Frequency of Interest Calculations | | daily | Interest is calculated daily. | ||
| Tie-in Period After Rate | | 0 years | Not applicable. | ||
| Suitability: | |||||
| Mortgage Type | | Offset | Offset | ||
| Repayment Mortgage | | yes | Yes | ||
| Interest Only Mortgage | | no | No | ||
| Endowment Mortgage | | yes | Yes | ||
| Maximum LTV | | 70% | The maximum loan to value available for this product is 70% |  | |
| Minimum Loan | | £200,000 | The minimum loan available for this product is £200000.00 |  | |
| Maximum Loan | | £1,000,000 | The maximum loan is £1000000. | | |
| House Purchase Max LTV | | 70% | The maximum loan to value for house purchase is 70% LTV 70% to £1,000,000 |  | |
| Remortgage | | yes | This product is available for remortgages. | ||
| Remortgage Max LTV | | 70% | The maximum loan to value for remortgages is 70% LTV 70% to £1,000,000 | | |
| First Time Buyers | | yes | This product is available to first time buyers. | ||
| First Time Buyer Max LTV | | 70% | The maximum loan to value for first time buyers is 70% LTV 70% to £1,000,000 | | |
| Existing Borrowers Moving Home | | yes | This product is available to existing borrowers moving home. | ||
| Existing Borrowers Not Moving Home | | yes | This product is available for existing customers not moving home. | ||
| Homemover | | yes | This product is available to homemovers. | ||
| Shared Ownership | | yes | This product is available for shared ownership. | ||
| Shared Ownership Max LTV | | 70% | The maximum loan to value for Shared Ownership is 70% LTV 70% to £1,000,000 | | |
| Right to Buy | | yes | This product is available for right to buys. | ||
| Right to Buy Max LTV | | 100% | The maximum loan to value for Right to Buy is 100% based on purchase price. LTV 100% to £1,000,000 | | |
| Restrictions: | |||||
| Maximum Term | | 35 years | Maximum term 35 years. | ||
| Minimum Term | | 5 years | Minimum term 5 years. | ||
| Incentives: | |||||
| Legal Fees Contribution | | no | No legal fees 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 with Open plan: A 'reserve' available via Open plan credit card or cheque book allows borrowing extra money up to 90% of property value...expand | ||
| Overpayments Available | | yes | Unlimited overpayments allowed without penalty. | ||
| Payment Holiday | | yes | Payment breaks allowed subject to funds available in extra borrowing reserve account. | ||
| Fees & Charges: | |||||
| Application Fee £ | | £1,499 | £1499 application fee payable. | | |
| Application Fee Added to Loan | | yes | The application fee can be added to loan. | ||
| Early Repayment Charge | | yes | There is an early redemption charge payable. | ||
| Early Repayment Charge Amount | | 1% | ERC - 1% of original balance on full redemption until 30/04/2013 | ||
Apply for this mortgage: | |||||
