For loans up to 75% of property value
|Product name||Private Exclusive - Capital and Interest - 2 Year Discounted|
|Initial rate||2.19% (variable)|
|Initial rate expires on|
30th November 2021
|Rate thereafter||Standard Variable Rate, currently |
|Overall cost for comparison||4.7% APRC|
|Option to add product fees to mortgage||Yes the product fee can be added to the loan, provided the total borrowing does not exceed the maximum LTV for the product type|
|Legal and Valuation Fees|
The valuation report is used to calculate how much we’ll lend you. This is separate from any valuation or survey of the property you might want to instruct for your own purposes.
There are other homebuyers, home report or structural survey options available if you want to commission these.
Typically you will not have to pay a valuation fee if: you are an existing mortgage customer who wishes to re-mortgage their current house with us. you are a new mortgage customer who wants to switch the mortgage for their current home to us.
*Please note that if you are changing the terms of the original mortgage e.g. borrowing an additional amount, changing the duration of the mortgage or changing repayment terms, a valuation will be required and a fee will be payable where applicable.
You’ll normally instruct a solicitor to act on your behalf in connection with your transaction. You may be required to pay legal fees and costs as part of their work on your behalf. These fees/costs are normally charged by the solicitor directly to you, unless we tell you that we’ll contribute to the legal costs as part of your product deal.
Typically you will not need to pay legal fees if: you are an existing mortgage customer who wishes to re-mortgage with us. you are a new mortgage customer who wants to switch the mortgage for their current home to us and use our legal panel.
Available for purchase and remortgage, new applications and product transfer. Applicants must be aged 18 or over. All loans are subject to status. Security will be required
|Maximum loan amount||The maximum loan size is £1,000,000|
|Maximum loan to value||75%|
|Minimum loan amount||£200,000|
|Early repayment charge||Applies for the first two years
3% in year 1
2% in year 2
Remortgage: Legal fees and valuation paid for remortgages only#
This product includes £500 cash back (subject to min £75k new borrowing and other eligibility criteria)
Flexible option. Interest calculated daily. Overpayments allowed (although maybe subject to early repayment charge if made within discounted rate period). Redraws and payment holidays available at end of discounted rate period. No extended lock-in
# Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) and one free valuation on properties worth £2m, or less. If the property to be mortgaged is currently unencumbered then a free valuation is available.