2 Year Fixed under 80 percent LTV - Loan > £1m - BO1181
For loans up to 80%† of property value
| Product name | 2 Year Fixed under 80 percent LTV - Loan > £1m - BO1181 |
| Initial rate | 6.65% |
| Initial rate expires on | 30th November 2025 |
| Rate thereafter | Standard Variable Rate, currently 9.24% |
| Overall cost for comparison | 9.20% 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 | 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 Where any part of the mortgage is Interest Only this product is only available for properties in London & South East^. 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. ^London & South East defined as: Greater London (post codes starting E, EC, N, NW, SE, SW, W, WC, BR, CR, DA, EN, HA, IG, KT, RM, SM, TW, or UB), Berkshire, Buckinghamshire, East Sussex, Hampshire, Isle of Wight, Kent, Oxfordshire, Surrey, West Sussex. |
| Maximum loan amount | Maximum Loan Amounts are restricted by LTV criteria:</br> Loans up to</br> £2,500,000 - maximum LTV 80% LTV (75% LTV Interest Only)</br> If the LTV is over 75% and any part of the mortgage is Interest Only the maximum loan on this product is £750,000 (£1,000,000 in London & South East^) |
| Maximum loan to value | 80%† |
| Minimum loan amount | £1,000,001 |
| Early repayment charge | 3% in year one 2% in year two |
| Special features | 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 Properties over £3m – No incentives All incentives are subject to qualifying criteria being met The minimum loan size is £1,000,001. Maximum Loan Amounts are restricted by LTV criteria: Loans up to £2,000,000 - maximum LTV 75% LTV to be Interest Only (up to 80% LTV C&I) |
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