2.79% Fixed

Rate Type
Fixed
Initial Rate
2.79%
Overall Cost For Comparison (APR)
4.4%
Initial Period
3 year term.
Reversion Rate
4.49% (SVR).
Purchase/Remortgage
Purchase and remortgage
Max LTV
60%
Min - Max Loan Amount
£3,000,000
Min - Max Mortgage Term
5 to 25 years.
Min - Max Age
From 21 years to 80 years old.
Income Required
A salary of at least £25,000 is required.
Repayment Options
Interest only or repayment.
Rent to Interest Cover
125% at 5.50%.
Acceptable property locations
England, Wales, Isle of Wight
Early Repayment Charges
3% of the amount being repaid for the first year, then 2% until the end of year 2, then 1% until the end of year 3 from drawdown.
Arrangement Fee
1.25 % due on completion.
Broker Fee
A broker fee of £597 will apply.
Free Legals and Valuations
No fees free options are available.
Features
A fixed charge over the property and a floating charge over the company's assets plus Director's unsupported Personal Guarantees will be required if the mortgage is taken in the name of a Limited Company.
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