2.99% Discounted

Rate Type

Discounted

Initial Rate

2.99%

Overall Cost For Comparison (APR)

5.2%

Initial Period

3 year term.

Reversion Rate

5.49% (SVR).

Purchase/Remortgage

Purchase and remortgage

Max LTV

75%

Min - Max Loan Amount

£750,000

Min - Max Mortgage Term

5 to 40 years.

Min - Max Age

No maximum age. Minimum age of 21 years old.

Income Required

A salary of at least £25,000 is required.

Repayment Options

Interest only or repayment.

Rent to Interest Cover

135% at 5.50%.

Acceptable property locations

Early Repayment Charges

1.5% of the amount being repaid for the first year, then 1% until the end of year 2, then 0.5% until the end of year 3 (Overpayments up to 10% of the capital balance per annum may be made without attracting an early repayment charge).

Arrangement Fee

£1,195 due on completion.

Broker Fee

A broker fee of £597 will apply.

Free Legals and Valuations

No fees free options are available.

Features

Personal guarantees are required from the directors and shareholders.