Date Printed: 6 December 2023
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Mortgage Products | Term | Initial Rate1 | Overall Cost for Comparison2 | MAX LTV3 | Early Repayment Change | Product Fees | See Representative Example | |||||||||||
Buy to Let - Expat (2) |
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Last Updated:4 December 2023
Expat Holiday Buy to Let 2 Year Discounted Variable Rate – DIB079
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Term:2 years |
Initial Rate1:6.39% variable |
Overall Cost for Comparison2:8.9% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
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.
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Last Updated:4 December 2023
Expat Buy to Let 2 Year Discounted Variable Rate – DIB076
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Term:2 years |
Initial Rate1:5.89% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
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.
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Buy to Let - Family (2) |
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Last Updated:15 September 2023
Family Buy to Let 2 Year Discounted Variable Rate – DIB075
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Term:2 years |
Initial Rate1:6.09% variable |
Overall Cost for Comparison2:8.9% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
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.
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Last Updated:1 September 2023
Family Buy to Let 2 Year Discounted Variable Rate – DIB074
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Term:2 years |
Initial Rate1:6.39% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:None |
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Representative Example:A mortgage of £97,500.00 payable over 25 years initially on a variable rate, currently 6.39% for 2 years and then on our current standard variable rate of 8.89% for the remaining 23 years would require 23 monthly payments of £519.19 and 276 monthly payments of £722.37; plus one initial interest payment of £512.08. The total amount payable would be £309,901.57 made up of the loan amount, plus interest and fee(s) totalling £212,401.57. This includes Legal Fees (£255), Valuation Fee (£169), Chaps Fee (£25) and Redemption Administration Fee (£125). The overall cost for comparison is 8.8% APRC representative. A representative example is designed to help understanding of the typical cost of this mortgage. This is not an illustration and is only provided as an example. |
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Buy to Let - Holiday Lets (1) |
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Last Updated:4 December 2023
2 Year Discounted Variable Rate Holiday Buy to Let – DIB078
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Term:2 years |
Initial Rate1:6.29% variable |
Overall Cost for Comparison2:8.9% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
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.
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Buy to Let - Standard (6) |
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Last Updated:10 November 2023
Limited Company Buy to Let Fixed Rate until 14 February 2029 – XIB054
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Term:Fixed until 14 February 2029 |
Initial Rate1:5.69% |
Overall Cost for Comparison2:8.3% APRC |
MAX LTV3:70% |
Early Repayment Change:3% until 14 February 2027, then 2% until 14 February 2028 and then 1% until 14 February 2029 |
Product Fees:£199 application fee, 3% completion fee |
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Representative Example:
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.
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Last Updated:5 December 2023
Light Refurb Buy to Let 2 Year Discounted Variable Rate – DIB081
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Term:2 years |
Initial Rate1:6.39% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
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.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate Buy to Let – DIB073
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Term:2 years |
Initial Rate1:5.79% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
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.
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Last Updated:4 December 2023
Expat Buy to Let 2 Year Discounted Variable Rate – DIB076
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Term:2 years |
Initial Rate1:5.89% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
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.
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Last Updated:15 September 2023
Family Buy to Let 2 Year Discounted Variable Rate – DIB075
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Term:2 years |
Initial Rate1:6.09% variable |
Overall Cost for Comparison2:8.9% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
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.
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Last Updated:1 September 2023
Family Buy to Let 2 Year Discounted Variable Rate – DIB074
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Term:2 years |
Initial Rate1:6.39% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:None |
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Representative Example:A mortgage of £97,500.00 payable over 25 years initially on a variable rate, currently 6.39% for 2 years and then on our current standard variable rate of 8.89% for the remaining 23 years would require 23 monthly payments of £519.19 and 276 monthly payments of £722.37; plus one initial interest payment of £512.08. The total amount payable would be £309,901.57 made up of the loan amount, plus interest and fee(s) totalling £212,401.57. This includes Legal Fees (£255), Valuation Fee (£169), Chaps Fee (£25) and Redemption Administration Fee (£125). The overall cost for comparison is 8.8% APRC representative. A representative example is designed to help understanding of the typical cost of this mortgage. This is not an illustration and is only provided as an example. |
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Family Assist (1) |
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Last Updated:4 December 2023
Family Assist 3 Year Discounted Variable Rate – House Purchase Only – DFM004
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Term:3 years |
Initial Rate1:5.89% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:100% |
Early Repayment Change:3% in Year 1, 2% in Year 2, 1% in Year 3 |
Product Fees:£199 application fee, no completion fee |
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Representative Example:
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Residential - Purchase (8) |
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Last Updated:4 December 2023
2 Year Fixed Rate – DIX258
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Term:2 years |
Initial Rate1:5.85% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
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.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate House Purchase Only – DID167
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Term:2 years |
Initial Rate1:6.65% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 90% and up to 95% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID169
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Term:2 years |
Initial Rate1:5.65% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
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.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID166
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Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
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.
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Last Updated:4 December 2023
2 Year Fixed Rate – DIX259
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Term:2 years |
Initial Rate1:6.29% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:Over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
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.
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Last Updated:4 December 2023
House Purchase Only 2 Year Fixed Rate – DIX260
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Term:2 years |
Initial Rate1:6.65% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:Over 90% and up to 95% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID168
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Term:2 years |
Initial Rate1:5.53% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:75% (70% for loans over £750,000 and under £1m) |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 0.50% completion fee |
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Representative Example:
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.
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Last Updated:4 December 2023
House Purchase Only Fixed Rate until 14 February 2029 – DIX261
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Term:Fixed until 14 Feb 2029 |
Initial Rate1:5.99% |
Overall Cost for Comparison2:7.0% APRC |
MAX LTV3:Up to 95% LTV |
Early Repayment Change:3% until 14 February 2027, 2% until 14 February 2028, 1% until February 2029 |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Residential - Remortgage (5) |
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Last Updated:4 December 2023
2 Year Fixed Rate – DIX258
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Term:2 years |
Initial Rate1:5.85% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
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.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID169
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Term:2 years |
Initial Rate1:5.65% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
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.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID166
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Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
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.
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Last Updated:4 December 2023
2 Year Fixed Rate – DIX259
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Term:2 years |
Initial Rate1:6.29% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:Over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
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.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID168
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Term:2 years |
Initial Rate1:5.53% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:75% (70% for loans over £750,000 and under £1m) |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 0.50% completion fee |
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Representative Example:
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.
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Retirement Interest Only (1) |
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Last Updated:4 December 2023
Retirement Interest Only (RIO) 5 Year Discounted Variable Rate DRI003
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Term:5 years |
Initial Rate1:5.89% variable |
Overall Cost for Comparison2:6.8% APRC |
MAX LTV3:55% (age 65+), 40% (up to age 65) |
Early Repayment Change:NIL |
Product Fees:£199 application fee, £300 completion fee |
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Representative Example:
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.
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Shared Ownership (1) |
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Last Updated:4 December 2023
Shared Ownership 2 Year Fixed Rate – SX-030
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Term:2 years |
Initial Rate1:6.75% |
Overall Cost for Comparison2:7.4% APRC |
MAX LTV3:95% of the share being purchased, 75% property value |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Versatility (6) |
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Last Updated:4 December 2023
Versatility – 2 Year Fixed Rate – MPXV10
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Term:2 years |
Initial Rate1:6.99% |
Overall Cost for Comparison2:7.4% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
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.
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Last Updated:4 December 2023
Versatility Plus – 2 Year Fixed Rate – CPXV12
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Term:2 years |
Initial Rate1:7.49% |
Overall Cost for Comparison2:7.6% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
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.
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Last Updated:4 December 2023
Versatility – 2 Year Discounted Variable Rate – MPDV13
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Term:2 years |
Initial Rate1:6.39% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
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.
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Last Updated:4 December 2023
Versatility – 2 Year Discounted Variable Rate – MPDV12
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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 Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
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.
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Last Updated:4 December 2023
Versatility Plus – 2 Year Discounted Variable Rate – CPDV15
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Term:2 years |
Initial Rate1:6.65% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
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.
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Last Updated:4 December 2023
Versatility – 2 Year Fixed Rate – MPXV11
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Term:2 years |
Initial Rate1:7.49% |
Overall Cost for Comparison2:7.5% APRC |
MAX LTV3:Over 80% and up to 85% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
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.
|
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.
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