1.79% Discounted

Rate Type
Discounted
Initial Rate
1.79%
Overall Cost For Comparison (APR)
4.7%
Initial Period
2 years to 01/05/2020.
Reversion Rate
4.99% (SVR).
Purchase/Remortgage
Purchase and remortgage
Max LTV
60%
Min - Max Loan Amount
£1,000,000
Min - Max Mortgage Term
7 to 25 years.
Min - Max Age
From 21 years to 75 years old.
Income Required
A salary of at least £25,000 is required.
Repayment Options
Interest only and repayment.
Rent to Interest Cover
145% at 5.50%.
Acceptable property locations
England, Wales, Scotland, Isle of Wight, Northern Ireland
Early Repayment Charges
1% of outstanding loan amount until 01/05/2020 (customer(s) are able to make overpayments of up to 10% of their outstanding balance per calendar year without incurring an Early Repayment Charge (ERC).).
Arrangement Fee
£995 due on completion.
Broker Fee
A broker fee of £497 will apply for personal applications and £597 for applications made by limited companies.
Free Legals and Valuations
No fees free options are available.
Features
This lender offers a cashback incentive on each product. Customer(s) may also apply for a one month payment holiday for every nine consecutive full monthly payments they make, up to a maximum of three which can be applied for after 27 consecutive full monthly payments.
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