For loans up to 80% of property value
|Product name||Offset Discounted SVR- 2 years Interest Only BO1171|
|Initial rate||2.04% (variable)|
|Initial rate expires on|
31st July 2023
|Rate thereafter||Standard Variable Rate, currently |
|Overall cost for comparison||4.3% 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|
Applicants must be aged 18 or over. All loans are subject to status. Security will be required
|Maximum loan amount||£1,000,000|
|Maximum loan to value||80%|
|Minimum loan amount||£0|
|Early repayment charge||3% in year one|
2% in year two
New lending only available to Private customers.
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.
Available to existing Retail Interest Only customers for product switches only (subject to criteria)
Offset mortgage product. 6 Separate Accounts-Current and Savings Account, credit balances offset against mortgage debit balances for purpose of daily interest calculation.