For loans up to 80% of property value
|Product name||Private Exclusive - Cap and Int £1m+ 2 Year Discounted Offset BO1170|
|Initial rate||2.34% (variable)|
|Initial rate expires on|
30th November 2023
|Rate thereafter||Offset Variable Rate, currently |
|Overall cost for comparison||4.2% 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.
Remortgage: One free valuation for properties up to £3m Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) for properties up to £2m
Properties over £3m – No incentives
All incentives are subject to qualifying criteria being met.
*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.
Applicants must be aged 18 or over. All loans are subject to status. Security will be required
|Maximum loan amount||£2,000,000 - maximum LTV 80%|
£3,000,000 - maximum LTV 70%
Loans Over £3,000,000- maximum LTV 60%
Different maximum LTVs apply if any part of the mortgage is Interest Only - Please see Interest Only products
|Maximum loan to value||80%|
|Minimum loan amount||£1,000,001|
|Early repayment charge||3% in year one|
2% in year two
Offset mortgage product. 6 Separate Accounts-Current and Savings Account, credit balances offset against mortgage debit balances for purpose of daily interest calculation.