1.59% Fixed

Rate Type
Fixed
Initial Rate
1.59%
Overall Cost For Comparison (APR)
4.7%
Initial Period
2 years to 31/10/2022.
Reversion Rate
4.95% (SVR).
Purchase/Remortgage
Purchase and remortgage
Max LTV
60%
Min - Max Loan Amount
£1,000,000
Min - Max Mortgage Term
5 to 25 years.
Min - Max Age
From 18 years to 70 years old.
Income Required
A salary of at least £30,000 is required.
Repayment Options
Interest only or repayment.
Rent to Interest Cover
125% at 1.59%.
Acceptable property locations
England, Wales, Scotland, Isle of Wight
Early Repayment Charges
3% of the amount being repaid for the first year, then 2% until the end of year 2 from drawdown (Lump sum payments allowable - up to 10% of the mortgage amount per annum free of ERCs.).
Arrangement Fee
£999 due on completion.
Broker Fee
A broker fee of £597 will apply.
Free Legals and Valuations
Free legal fees, free valuation.
Features

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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