Rate Type
|
Fixed
|
Initial Rate
|
1.85%
|
Overall Cost For Comparison (APR)
|
4.0%
|
Initial Period
|
2 years to 30/06/2023.
|
Reversion Rate
|
4.09% (SVR).
|
Purchase/Remortgage
|
Purchase only
|
Max LTV
|
75%
|
Min - Max Loan Amount
|
£2,000,000
|
Min - Max Mortgage Term
|
3 to 30 years.
|
Min - Max Age
|
From 18 years to 66 years old.
|
Income Required
|
A salary of at least £25,000 is required.
|
Repayment Options
|
Interest only or repayment.
|
Rent to Interest Cover
|
145% at 5.50%.
|
Acceptable property locations
|
England, Wales, Scotland, Isle of Wight, Northern Ireland
|
Early Repayment Charges
|
2% of the amount being repaid until 30/06/2022, then 1% until 30/06/2023 (You can overpay a maximum of 10% of your outstanding mortgage balance in each 12 month period commencing on completion of your mortgage,).
|
Arrangement Fee
|
£995 due on completion.
|
Broker Fee
|
A broker fee of £597 will apply.
|
Free Legals and Valuations
|
Free valuation.
|
Features
|
|