6.19% Fixed

Rate Type

Fixed

Initial Rate

6.19%

Overall Cost For Comparison (APR)

6.8%

Initial Period

5 year term.

Reversion Rate

6.74% (BBR + 4.99%).

Purchase/Remortgage

Purchase and remortgage

Max LTV

85%

Min - Max Loan Amount

£500,000

Min - Max Mortgage Term

5 to 30 years.

Min - Max Age

From 21 years to 80 years old.

Income Required

We have no minimum salary requirement data.

Repayment Options

Interest only or repayment.

Rent to Interest Cover

145.00% at 6.19%.

Acceptable property locations

Early Repayment Charges

5% of the amount being repaid for the first year, then 4% until the end of year 2, then 3% until the end of year 3, then 2% until the end of year 4, then 1% until the end of year 5 (Overpayments are allowed up to 10% in any one year.).

Arrangement Fee

Nil 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 for limited company applications.