Date Printed: 14 August 2024
Print
|
||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mortgage Products | Term | Initial Rate1 | Overall Cost for Comparison2 | MAX LTV3 | Early Repayment Change | Product Fees | See Representative Example | |||||||||||
Buy to Let Mortgages (11) |
||||||||||||||||||
Last Updated:1 August 2024
Buy to Let Fixed Rate until 31 August 2029 – XIB060
|
Term:Fixed until 31 August 2029 |
Initial Rate1:5.69% |
Overall Cost for Comparison2:7.7% APRC |
MAX LTV3:75% |
Early Repayment Change:3% until 31 August 2027, then 2% until 31 August 2028 and then 1% until 31 August 2029 |
Product Fees:£199 application fee, £1,499 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
Family Buy to Let Fixed Rate until 31 August 2029 – XIB059
|
Term:Fixed until 31 August 2029 |
Initial Rate1:5.99% |
Overall Cost for Comparison2:7.9% APRC |
MAX LTV3:75% |
Early Repayment Change:3% until 31 August 2027, then 2% until 31 August 2028 and then 1% until 31 August 2029 |
Product Fees:£199 application fee, £999 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate Limited Company Buy to Let – DIB089
|
Term:2 years |
Initial Rate1:5.79% variable |
Overall Cost for Comparison2:8.9% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, £2,499 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
Expat Holiday Buy to Let 2 Year Discounted Variable Rate – DIB088
|
Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:8.9% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £1,499 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate Holiday Buy to Let – DIB087
|
Term:2 years |
Initial Rate1:5.99% variable |
Overall Cost for Comparison2:8.9% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £1,499 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
Expat Buy to Let 2 Year Discounted Variable Rate – DIB086
|
Term:2 years |
Initial Rate1:5.98% variable |
Overall Cost for Comparison2:8.9% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £1,499 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate Buy to Let – DIB085
|
Term:2 years |
Initial Rate1:5.89% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £1,499 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate Limited Company Holiday Buy to Let – DIB084
|
Term:2 years |
Initial Rate1:6.45% variable |
Overall Cost for Comparison2:8.7% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, £1,499 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
Family Buy to Let 2 Year Discounted Variable Rate – DIB083
|
Term:2 years |
Initial Rate1:6.19% variable |
Overall Cost for Comparison2:8.6% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £999 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
Light Refurb Buy to Let 2 Year Discounted Variable Rate – DIB081
|
Term:2 years |
Initial Rate1:6.39% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate Limited Company Buy to Let – DIB071
|
Term:2 years |
Initial Rate1:5.19% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 2.50% completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
First Time Buyer (7) |
||||||||||||||||||
Last Updated:1 August 2024
2 Year Fixed Rate – DIX271
|
Term:2 years |
Initial Rate1:6.19% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:Over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Fixed Rate – DIX270
|
Term:2 years |
Initial Rate1:5.89% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
House Purchase Only 2 Year Fixed Rate – DIX272
|
Term:2 years |
Initial Rate1:6.59% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:Over 90% and up to 95% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, No Completion Fee |
||||||||||||
Representative Example:
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate House Purchase Only – DID167
|
Term:2 years |
Initial Rate1:6.65% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 90% and up to 95% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 Application Fee, No Completion Fee |
||||||||||||
Representative Example:
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID169
|
Term:2 years |
Initial Rate1:5.65% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID166
|
Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID168
|
Term:2 years |
Initial Rate1:5.53% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:75% (70% for loans over £750,000 and under £1m) |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 0.50% completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Holiday Lets (2) |
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate Holiday Buy to Let – DIB087
|
Term:2 years |
Initial Rate1:5.99% variable |
Overall Cost for Comparison2:8.9% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £1,499 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate Limited Company Holiday Buy to Let – DIB084
|
Term:2 years |
Initial Rate1:6.45% variable |
Overall Cost for Comparison2:8.7% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, £1,499 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Interest Only (5) |
||||||||||||||||||
Last Updated:1 August 2024
2 Year Fixed Rate – DIX271
|
Term:2 years |
Initial Rate1:6.19% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:Over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Fixed Rate – DIX270
|
Term:2 years |
Initial Rate1:5.89% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID169
|
Term:2 years |
Initial Rate1:5.65% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID166
|
Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID168
|
Term:2 years |
Initial Rate1:5.53% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:75% (70% for loans over £750,000 and under £1m) |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 0.50% completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Moving Home (7) |
||||||||||||||||||
Last Updated:1 August 2024
2 Year Fixed Rate – DIX271
|
Term:2 years |
Initial Rate1:6.19% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:Over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Fixed Rate – DIX270
|
Term:2 years |
Initial Rate1:5.89% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
House Purchase Only 2 Year Fixed Rate – DIX272
|
Term:2 years |
Initial Rate1:6.59% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:Over 90% and up to 95% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, No Completion Fee |
||||||||||||
Representative Example:
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate House Purchase Only – DID167
|
Term:2 years |
Initial Rate1:6.65% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 90% and up to 95% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 Application Fee, No Completion Fee |
||||||||||||
Representative Example:
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID169
|
Term:2 years |
Initial Rate1:5.65% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID166
|
Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID168
|
Term:2 years |
Initial Rate1:5.53% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:75% (70% for loans over £750,000 and under £1m) |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 0.50% completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Remortgage (5) |
||||||||||||||||||
Last Updated:1 August 2024
2 Year Fixed Rate – DIX271
|
Term:2 years |
Initial Rate1:6.19% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:Over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Fixed Rate – DIX270
|
Term:2 years |
Initial Rate1:5.89% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID169
|
Term:2 years |
Initial Rate1:5.65% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID166
|
Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID168
|
Term:2 years |
Initial Rate1:5.53% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:75% (70% for loans over £750,000 and under £1m) |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 0.50% completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Retirement (5) |
||||||||||||||||||
Last Updated:1 August 2024
2 Year Fixed Rate – DIX271
|
Term:2 years |
Initial Rate1:6.19% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:Over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Fixed Rate – DIX270
|
Term:2 years |
Initial Rate1:5.89% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID169
|
Term:2 years |
Initial Rate1:5.65% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID166
|
Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Last Updated:1 August 2024
2 Year Discounted Variable Rate – DID168
|
Term:2 years |
Initial Rate1:5.53% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:75% (70% for loans over £750,000 and under £1m) |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 0.50% completion fee |
||||||||||||
Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
|
||||||||||||||||||
Shared Ownership (2) |
||||||||||||||||||
Last Updated:1 August 2024
Shared Ownership Fixed Rate until 31 August 2029 – SX-036
|
Term:Until 31 August 2029 |
Initial Rate1:5.79% |
Overall Cost for Comparison2:6.8% APRC |
MAX LTV3:95% of the share being purchased, 75% property value |
Early Repayment Change:3% until 31 August 2027, 2% until 31 August 2028, 1% until 31 August 2029 |
Product Fees:None |
||||||||||||
Representative Example:A mortgage of £157,000.00 payable over 28 years initially on a fixed rate of 5.79% until 31 August 2029 then on our follow-on rate of a 1.74% discount off our standard variable rate (currently 8.89%) giving a rate of 7.15% variable for the remaining 22 years 9 months would require 62 monthly payments of £946.19 and 273 monthly payments of £1,064.92; plus one initial interest payment of £745.11. The total amount payable would be £350,632.05 made up of the loan amount, plus interest and fee(s) totalling £193,632.05. This includes Legal Fees (£350), Chaps Fee (£25) and Redemption Administration Fee (£125). The overall cost for comparison is 6.8% APRC representative.
A representative example is designed to help understanding of the typical cost of this mortgage. This is not an illustration and is only provided as an example. |
||||||||||||||||||
Last Updated:1 August 2024
Shared Ownership 2 Year Fixed Rate – SX-035
|
Term:2 years |
Initial Rate1:6.29% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:95% of the share being purchased, 75% property value |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:None |
||||||||||||
Representative Example:A mortgage of £157,000.00 payable over 28 years initially on a fixed rate of 6.29% for 2 years then on our follow-on rate of a 1.74% discount off our standard variable rate (currently 8.89%) giving a rate of 7.15% variable for the remaining 26 years would require 23 monthly payments of £995.74 and 312 monthly payments of £1,079.50; plus one initial interest payment of £809.45. The total amount payable would be £361,015.47 made up of the loan amount, plus interest and fee(s) totalling £204,015.47. This includes Legal Fees (£350), Chaps Fee (£25) and Redemption Administration Fee (£125). The overall cost for comparison is 7.2% APRC representative.
A representative example is designed to help understanding of the typical cost of this mortgage. This is not an illustration and is only provided as an example. |
Our intermediaries website is for use by authorised intermediaries only.
Please click on the link below to proceed
Continue to intermediaries site