Rate Type
|
Fixed
|
Initial Rate
|
3.24%
|
Overall Cost For Comparison (APR)
|
5.0%
|
Initial Period
|
3 year term.
|
Reversion Rate
|
5.10% (BBR + 5.00%).
|
Purchase/Remortgage
|
Purchase and remortgage
|
Max LTV
|
70%
|
Min - Max Loan Amount
|
£200,000
|
Min - Max Mortgage Term
|
5 to 35 years.
|
Min - Max Age
|
From 21 years to 79 years old.
|
Income Required
|
We have no minimum salary requirement data.
|
Repayment Options
|
Interest only and repayment.
|
Rent to Interest Cover
|
125% at 5.50%.
|
Acceptable property locations
|
|
Early Repayment Charges
|
3% of the amount being repaid for the first year, then 2% until the end of year 2, then 1% until the end of year 3 (10% over payment can be made per annum without incurring ERCs).
|
Arrangement Fee
|
£1,995 due on completion.
|
Broker Fee
|
A broker fee of £597 will apply.
|
Free Legals and Valuations
|
No fees free options are available.
|
Features
|
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