3.84% Fixed

Rate Type
Fixed
Initial Rate
3.84%
Overall Cost For Comparison (APR)
5.0%
Initial Period
5 year term.
Reversion Rate
5.35% (SVR).
Purchase/Remortgage
Purchase and remortgage
Max LTV
75%
Min - Max Loan Amount
£500,000
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
130% at 4.00%.
Acceptable property locations
Early Repayment Charges
5% of the amount being repaid for the first 2 years, then 4% until the end of year 4, then 3% until the end of year 5 from drawdown.
Arrangement Fee
0.50 % due on completion.
Broker Fee
A broker fee of £597 will apply.
Free Legals and Valuations
Free valuation.
Features
Director's unsupported Personal Guarantees will be required if the mortgage is taken in the name of a Limited Company.
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