3.24% Fixed

Rate Type

Fixed

Initial Rate

3.24%

Overall Cost For Comparison (APR)

5.1%

Initial Period

2 years to 31/05/2023.

Reversion Rate

5.10% (BBR + 5.00%).

Purchase/Remortgage

Purchase and remortgage

Max LTV

70%

Min - Max Loan Amount

£2,000,000

Min - Max Mortgage Term

5 to 30 years.

Min - Max Age

From 21 years to 95 years old.

Income Required

A salary of at least £15,000 is required.

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 until 31/05/2022, then 2% until 31/05/2023 from drawdown.

Arrangement Fee

1.50 % due on completion.

Broker Fee

A broker fee of £597 will apply.

Free Legals and Valuations

Free valuation.

Features

Personal guarantees are required from the directors and shareholders.