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.

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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