Yorkshire Flexi 5yr Fixed/Stepped LTV 85% Direct Mortgage Features & Benefits
(currently displaying summary information only)| Feature / Benefit | Summary | Details | |||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Available in Branch Only |  | no | not just available in branch only.not just available in branch only. | ||
| 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 | Not just available via brokers.Available direct. | ||
| Minimum Deposit | | 15% | 15% | ||
| Rates: | |||||
| Initial Rate APR | | 0.00% | 0.00% | ||
| Initial Rate End Date | | stepped | stepped | ||
| Final Rate | | 4.99% | The standard variable rate is 4.99% | ||
| Mortgage APR | | 5.9% | 5.7% | ||
| Initial Step Rate | | 0% | 0.00% | ||
| Initial Step Term in Months | | 6 months | 6 months. | ||
| 2nd Step Rate | | 7.29% | 7.29% | ||
| 2nd Step Term | | 30 Nov 2014 | 2nd stepped rate until 30/11/2014 | ||
| Frequency of Interest Calculations | | daily | Interest is calculated daily. | ||
| Tie-in Period After Rate | | 0 years | There is no tie-in period. | ||
| Suitability: | |||||
| Mortgage Type | | Stepped Rate | Stepped 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 Loans over £1,000,000 Refer to lender. | ||
| House Purchase Max LTV | | 85% | The maximum loan to value for remortgages is 85% LTV 85% to £250,000 | ||
| Remortgage | | yes | This product is available for remortgages. | ||
| Remortgage Max LTV | | 85% | The maximum loan to value for remortgages is 85% LTV 85% to £250,000 | ||
| First Time Buyers | | yes | This product is available to first time buyers. | ||
| First Time Buyer Max LTV | | 85% | The maximum loan to value for remortgages is 85% LTV 85% to £250,000 | ||
| 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 | This product is not available for shared ownership. | ||
| Right to Buy | | no | This product is not available for right to buy. | ||
| Shared Equity | | no | This product is not available for shared Equity. | ||
| Restrictions: | |||||
| Maximum Term | | 25 years | Maximum term is 25 years. | ||
| Minimum Term | | 5 years | Minimum term is 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 | There are flexible options available on this product. | ||
| Overpayments Available | | restricted | Overpayments up to 10% allowed without penalty. | ||
| Payment Holiday | | yes | Payment holidays are allowed. (subject to overpayments) | ||
| Fees & Charges: | |||||
| Early Repayment Charge | | yes | There is an early redemption charge payable. | ||
| Early Repayment Charge Amount | | 5/5/5/4/3% | ERC - 5% of amount repaid if repaid in full or transferred (in full) until 30/11/2012, 4% until 30/11/2013, then 3% until 30/11/2014 | ||
