1.62% Discounted

Rate Type
Discounted
Initial Rate
1.62%
Overall Cost For Comparison (APR)
4.5%
Initial Period
2 years to 31/03/2022.
Reversion Rate
4.74% (SVR).
Purchase/Remortgage
Remortgage only
Max LTV
60%
Min - Max Loan Amount
£3,500,000
Min - Max Mortgage Term
3 to 30 years.
Min - Max Age
From 18 years to 70 years old.
Income Required
A salary of at least £25,000 is required.
Repayment Options
Interest only or 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 the amount being repaid until 31/03/2021, then 0.5% until 31/03/2022 (You can overpay a maximum of 10% of your outstanding mortgage balance in each 12 month period commencing on completion of your mortgage,).
Arrangement Fee
£995 due on completion.
Broker Fee
A broker fee of £597 will apply.
Free Legals and Valuations
Free legal fees, free valuation.
Features
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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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