Available to everyday residential borrowers looking for shorter term lending with no early repayment penalties, this product is not suitable for First Time Buyers.
This product allows Interest Only (sale of property subject to lending criteria or an external, suitable repayment strategy), repayment and part and part lending.
5.89% variable
7.94% variable
8.5% APRC
60% including fees
None
£2,500
No charges apply.
A mortgage of £60,000 payable over 40 years, initially at a discount of 2.05% from our Standard Variable Rate, currently 7.94%, giving a pay rate of 5.89% for 1 year and then on our Standard Variable Rate, currently 7.94%, for the remaining period would require 12 payments of £325.54 and 468 payments of £413.34.
The total amount payable would be £200,462.60 made up of the loan amount plus interest (£137,319.60), a valuation fee (£340), legal fees (£148), an exit fee (£100), a product fee (£2,500) and a funds transfer fee (£25).
The overall cost for comparison is 8.5% APRC representative.
Valuation fees and solicitor fees may be payable
Other charges may be made in respect of mortgage services
See our fees guide for more details
This product accepts our everyday credit criteria click here for details.
There are no early repyment charges and payments can be made at any time without attracting a charge.
If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.
You can check affordability through our calculator where we assess on affordability as an alternative to income multiples. Please note we will fully review bank statements and expenditure during the underwriting process. Click here to find out more.
This mortgage is available on capital and interest repayment up to 60% LTV or on part and part up to a maximum of 60% sale of property strategy and up to 60% LTV with external repayment strategy on interest only with a suitable repayment vehicle. Payments must be made monthly by direct debit.
The minimum age is 18 for all applicants. There is no maximum age. Earned income considered up to age 75. Cases are considered on individual circumstances.
Minimum loan size £100,000
Maximum loan size £500,00
The maximum mortgage term is 40 years dependent on individual circumstances.
This product is not portable.
Interest is calculated daily on the balance outstanding and added to the account the following month.
Available to everyday residential borrowers looking for shorter term lending with no early repayment penalties, this product is not suitable for First Time Buyers.
This product allows Interest Only (sale of property subject to lending criteria or an external, suitable repayment strategy), repayment and part and part lending.
5.89% variable
7.94% variable
8.5% APRC
60% including fees
None
£2,500
No charges apply.
A mortgage of £60,000 payable over 40 years, initially at a discount of 2.05% from our Standard Variable Rate, currently 7.94%, giving a pay rate of 5.89% for 1 year and then on our Standard Variable Rate, currently 7.94%, for the remaining period would require 12 payments of £325.54 and 468 payments of £413.34.
The total amount payable would be £200,462.60 made up of the loan amount plus interest (£137,319.60), a valuation fee (£340), legal fees (£148), an exit fee (£100), a product fee (£2,500) and a funds transfer fee (£25).
The overall cost for comparison is 8.5% APRC representative.
Valuation fees and solicitor fees may be payable
Other charges may be made in respect of mortgage services
See our fees guide for more details
This product accepts our everyday credit criteria click here for details.
There are no early repyment charges and payments can be made at any time without attracting a charge.
If an overpayment of £500 or more is made, we will recalculate the monthly payment the following month.
You can check affordability through our calculator where we assess on affordability as an alternative to income multiples. Please note we will fully review bank statements and expenditure during the underwriting process. Click here to find out more.
This mortgage is available on capital and interest repayment up to 60% LTV or on part and part up to a maximum of 60% sale of property strategy and up to 60% LTV with external repayment strategy on interest only with a suitable repayment vehicle. Payments must be made monthly by direct debit.
The minimum age is 18 for all applicants. There is no maximum age. Earned income considered up to age 75. Cases are considered on individual circumstances.
Minimum loan size £100,000
Maximum loan size £500,00
The maximum mortgage term is 40 years dependent on individual circumstances.
This product is not portable.
Interest is calculated daily on the balance outstanding and added to the account the following month.