Owner Occupied SVR Mortgage via Joint Equity Ltd.

Available to customers looking to purchase owner-occupied property in England and Wales via Joint Equity Ltd. 

Maximum Advance LTV  70% Repayment 65% Interest Only
 Current Rate  5.24% plus 0.50% minimum 5.24% plus 0.50% minimum
 Current Standard Variable Rate  5.24% 5.24%
 The overall cost for comparison is  6.2% APR 6.2% APR
 Arrangement fee  1% of advance with a minimum of £500 which must be submitted with the mortgage application and is non-refundable. 1% of advance with a minimum of £500 which must be submitted with the mortgage application and is non-refundable.
 Valuation fee  Dependent on property price. See Your Guide to Mortgages. Dependent on property price. See Your Guide to Mortgages.
 Early repayment charge  3% of the amount repaid for the first year. 3% of the amount repaid for the first year.
 Minimum advance  £40,000 £40,000
 Maximum advance  £500,000 £500,000

 Interest is calculated annually as at 31st December.Individual assessment is given to all applicants by experienced underwriters. Income multiples of 4 x first income plus 2.5 x second income or 3.75 x the joint income are available.

Reference enquiries will be taken up and credit searches made.

Cases may be declined due to previous loan arrears or if essential information is not disclosed on the application form.

You are not required to buy any insurance through Buckinghamshire Building Society.

Variable interest rates can go up or down.

Interest only mortgages must contain an acceptable repayment vehicle to ensure that the mortgage can be repaid at the end of the term. 

The actual rate available will depend upon your circumstances. Ask for a personalised illustration. Mortgage Department 01494 879517.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

 

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