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This property had a cattery on site and included a combination of self-employed and retirement income.
Our range of Versatility mortgages enable us to be flexible with complex circumstances. If a case doesn’t quite fit standard lending criteria, we can still consider it with a range of product options that can accommodate:
- Unusual property types
- Complex incomes
- Historic credit blips
Our product range has tiered lending criteria via our Versatility mortgages up to 85% LTV and Versatility Plus up to 80% LTV.
For clients who have experienced more severe or recent credit problems, you may also want to consider our Credit Repair mortgages available up to 70% LTV.
Find out more from our Specialist Lending Criteria guide, our products and the case studies below.
We have 8 products available
Credit Repair – 2 Year Discounted Variable Rate – RCV002
| Term | 2 years |
| Initial Rate1 | 7.19% variable |
| Overall Cost For Comparison2 | 8.8% APRC |
| MAX LTV3 | 70% |
| Early Repayment Charge | 2% in Year 1, 1% in Year 2 |
| Product Fees | £199 Application Fee, No Completion Fee |
- The £199 Application Fee is non-refundable and payable at the point of application
Credit Repair – 2 Year Fixed Rate – RCX002
| Term | 2 years |
| Initial Rate1 | 7.39% |
| Overall Cost For Comparison2 | 9.0% APRC |
| MAX LTV3 | 70% |
| Early Repayment Charge | 2% in Year 1, 1% in Year 2 |
| Product Fees | £199 Application Fee, No Completion Fee |
- The £199 Application Fee is non-refundable and payable at the point of application
Versatility Plus – 2 Year Fixed Rate – CPXV13
| Term | 2 years |
| Initial Rate1 | 6.99% |
| Overall Cost For Comparison2 | 7.5% APRC |
| MAX LTV3 | 80% |
| Early Repayment Charge | 2% in Year 1, 1% in Year 2 |
| Product Fees | £199 application fee, £800 completion fee |
- The £199 Application Fee is non-refundable and payable at the point of application
- The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
Fee Amount |
Rate |
Value of the fee with interest at 10 years |
Value of the fee with interest at 15 years |
Value of the fee with interest at 25 years |
| £1,000 | 7.15% | £1,715.00 | £2,072.50 | £2,787.50 |
Versatility – 2 Year Fixed Rate – MPXV13
| Term | 2 years |
| Initial Rate1 | 6.99% |
| Overall Cost For Comparison2 | 7.4% APRC |
| MAX LTV3 | Over 80% and up to 85% |
| Early Repayment Charge | 2% in Year 1, 1% in Year 2 |
| Product Fees | £199 application fee, £800 completion fee |
- The £199 Application Fee is non-refundable and payable at the point of application
- The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
Fee Amount |
Rate |
Value of the fee with interest at 10 years |
Value of the fee with interest at 15 years |
Value of the fee with interest at 25 years |
| £1,000 | 7.15% | £1,715.00 | £2,072.50 | £2,787.50 |
Versatility – 2 Year Fixed Rate – MPXV12
| Term | 2 years |
| Initial Rate1 | 6.79% |
| Overall Cost For Comparison2 | 7.5% APRC |
| MAX LTV3 | 80% |
| Early Repayment Charge | 2% in Year 1, 1% in Year 2 |
| Product Fees | £199 application fee, £800 completion fee |
- The £199 Application Fee is non-refundable and payable at the point of application
- The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
Fee Amount |
Rate |
Value of the fee with interest at 10 years |
Value of the fee with interest at 15 years |
Value of the fee with interest at 25 years |
| £1,000 | 7.15% | £1,715.00 | £2,072.50 | £2,787.50 |
Versatility – 2 Year Discounted Variable Rate – MPDV13
| Term | 2 years |
| Initial Rate1 | 6.39% variable |
| Overall Cost For Comparison2 | 7.2% APRC |
| MAX LTV3 | 80% |
| Early Repayment Charge | 2% in year one, followed by 1% in year two |
| Product Fees | £199 application fee, £800 completion fee |
- The £199 Application Fee is non-refundable and payable at the point of application
- The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
Fee Amount |
Rate |
Value of the fee with interest at 10 years |
Value of the fee with interest at 15 years |
Value of the fee with interest at 25 years |
| £1,000 | 7.15% | £1,715.00 | £2,072.50 | £2,787.50 |
Versatility – 2 Year Discounted Variable Rate – MPDV12
| Term | 2 years |
| Initial Rate1 | 6.89% variable |
| Overall Cost For Comparison2 | 7.4% APRC |
| MAX LTV3 | Over 80% and up to 85% |
| Early Repayment Charge | 2% in Year 1, 1% in Year 2 |
| Product Fees | £199 application fee, £800 completion fee |
- The £199 Application Fee is non-refundable and payable at the point of application
- The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
Fee Amount |
Rate |
Value of the fee with interest at 10 years |
Value of the fee with interest at 15 years |
Value of the fee with interest at 25 years |
| £1,000 | 7.15% | £1,715.00 | £2,072.50 | £2,787.50 |
Versatility Plus – 2 Year Discounted Variable Rate – CPDV15
| Term | 2 years |
| Initial Rate1 | 6.65% variable |
| Overall Cost For Comparison2 | 7.3% APRC |
| MAX LTV3 | 80% |
| Early Repayment Charge | 2% in Year 1, 1% in Year 2 |
| Product Fees | £199 Application Fee, £800 Completion Fee |
- The £199 Application Fee is non-refundable and payable at the point of application
- The Completion Fee can be paid before completion or added to the loan. If the Completion Fee is added to the loan amount, interest will be charged on the amount of the fee and this will be reflected in the monthly repayment over the term of the mortgage
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
Fee Amount |
Rate |
Value of the fee with interest at 10 years |
Value of the fee with interest at 15 years |
Value of the fee with interest at 25 years |
| £1,000 | 7.15% | £1,715.00 | £2,072.50 | £2,787.50 |
Case Study - debt consolidation on a windmill
This case study includes debt consolidation using interest only with downsizing on a windmill.
Definitions
1. Initial Rate
The Initial Rate is the rate available during the initial term of the mortgage. Once the initial rate term has expired, the mortgage will either revert to our Standard Variable Rate (SVR), or a follow-on rate that is a discount off our SVR. Our SVR is set by us and is currently 8.89%, as a variable rate it may go up or down. Our follow-on rate is 1.74% below our SVR and is currently 7.15% variable. Our follow-on rate will go up or down with changes to our SVR.2. Overall Cost for Comparison
The Overall Cost for Comparison is given as the Annual Percentage Rate of Charge (APRC) and includes all charges incurred relating to the mortgage. The APRC is intended to help you as a borrower compare the interest rates on different products.3. Max LTV
Like all other mortgage lenders, we will allow you to borrow against a proportion of the overall property value. This is known as Loan to Value (LTV) and is expressed as a percentage. For example, if you want to purchase a property at £100,000 and you would like to borrow £85,000, then you will need a mortgage available at 85% Loan to Value (LTV). The available LTV can vary depending upon the type of mortgage. Shared Ownership mortgages will offer two percentages under LTV - the proportion of the property value and the proportion of the share being purchased.Your home may be repossessed if you do not keep up repayments on your mortgage
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