2.20% Fixed

Rate Type

Fixed

Initial Rate

2.20%

Overall Cost For Comparison (APR)

3.9%

Initial Period

5 years to 31/05/2026.

Reversion Rate

4.49% (SVR).

Purchase/Remortgage

Remortgage only

Max LTV

75%

Min - Max Loan Amount

£1,000,000

Min - Max Mortgage Term

5 to 40 years.

Min - Max Age

From 18 years to 85 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 5.00%.

Acceptable property locations

England, Wales, Isle of Wight

Early Repayment Charges

5% of the amount being repaid until 31/05/2022, then 4% until 31/05/2023, then 3% until 31/05/2024, then 2.5% until 31/05/2025, then 1.5% until 31/05/2026 from drawdown (ERCs apply on redemption or transfer (part or full) to another product during the ERC period. ).

Arrangement Fee

£995 due on completion.

Broker Fee

A broker fee of £597 will apply.

Free Legals and Valuations

Free legal fees, free valuation.

Features

A product switching fee of £90 is payable each time the product is changed.