2.89% Fixed

Rate Type
Fixed
Initial Rate
2.89%
Overall Cost For Comparison (APR)
5.1%
Initial Period
2 year term.
Reversion Rate
5.19% (SVR + 3.04%).
Purchase/Remortgage
Purchase and remortgage
Max LTV
70%
Min - Max Loan Amount
£1,500,000
Min - Max Mortgage Term
5 to 40 years.
Min - Max Age
From 21 years to 79 years old.
Income Required
We have no minimum salary requirement data.
Repayment Options
Interest only.
Rent to Interest Cover
140% at 5.50%.
Acceptable property locations
England, Wales, Isle of Wight, Scotland
Early Repayment Charges
4% of the amount being repaid for the first year, then 3% until the end of year 2 from drawdown (Up to 10% per annum can be made during the initial fixed/variable term without incurring an ERC).
Arrangement Fee
1.50 % 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.

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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