Repayment, interest only, or a combination of both.
Arrangement fee
£399.00
Commission
Initial commission of 0.35% of draw down, payable after completion
Loan to value
Up to 80% of the value or purchase price of the property, whichever is lower
Payment holidays
2 per year (not during the fixed rate or discounted rate periods or in the last 3 years of their mortgage). The amount of the missed payment(s) is added to the loan and the remaining payments are increased to cover it.
Amount can be borrowed
£25,001 to £1 million
Higher lending charge
No
Interest calculation
Based on daily balances
Overpayments/lump sums
Yes. However, if your client pays off all or part of the fixed rate mortgage loan during the fixed rate period, we'll charge an early repayment charge and, if the client remortgages to us and repays in full, we'll ask him or her to pay a contribution of £330 towards our legal costs and standard valuation fee.
Portable
Yes
Early repayment charge
2% of amount repaid on or before 31st May 2006 1% of amount repaid on or before 31st May 2007
Insurance (Optional)
Building & Contents, Accident, Sickness & Unemployment and Life Assurance
