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2.54% Fixed

Rate Type
Fixed
Initial Rate
2.54%
Overall Cost For Comparison (APR)
5.3%
Initial Period
2 years to 30/04/2021.
Reversion Rate
5.31% (LIBOR + 4.50%).
Purchase/Remortgage
Purchase and remortgage
Max LTV
65%
Min - Max Loan Amount
£1,500,000
Min - Max Mortgage Term
5 to 25 years.
Min - Max Age
No maximum age. Minimum age of 21 years old.
Income Required
We have no minimum salary requirement data.
Repayment Options
Interest only or repayment.
Rent to Interest Cover
125% at 5.50%.
Acceptable property locations
England, Wales, Isle of Wight
Early Repayment Charges
3% of the amount being repaid for the first year, then 2% until the end of year 2.
Arrangement Fee
2.50 % due on completion.
Broker Fee
A broker fee of £597 will apply.
Free Legals and Valuations
No fees free options are available.
Features
Please note that this lender charges a non-refundable administration fee of £125 payable on completion of the Decision in Principle. Director's unsupported Personal Guarantees will be required if the mortgage is taken in the name of a Limited Company.
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NB: ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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