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5 Year Fixed under 80 percent for loans > £1m - BO1184
For loans up to 80% of property value
| Product name | 5 Year Fixed under 80 percent for loans > £1m - BO1184 |
| Initial rate | 6.15% |
| Initial rate expires on | 30th November 2028
|
| Rate thereafter | Standard Variable Rate, currently 9.24% |
| Overall cost for comparison | 8.10% APRC |
| Product fee | £1,999 |
| Option to add product fees to mortgage | The product fee can be added to the loan, unless it takes a residential loan over 95% LTV or a BTL loan over 80% LTV. |
| Eligibility | Applicants must be aged 18 or over. All loans are subject to status. Security will be required. This product is only available for remortgages |
| Maximum loan amount | Maximum Loan Amounts are restricted by LTV criteria: Loans up to £2,500,000 - maximum LTV 80% LTV (75% LTV Interest Only) £5,000,000 - maximum LTV 75% LTV £10,000,000 - maximum LTV 60% LTV |
| Maximum loan to value | 80% |
| Minimum loan amount | £1,000,001 |
| Early repayment charge | 5% in years one and two 4% in year three 3% in year four 2% in year five |
| Special features | At the end of the discounted/fixed period you can make extra payments or repay your whole mortgage without penalty. Purchase: None 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 |
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