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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 - Ltd Company (2)

2 Year Discounted Variable Rate Limited Company Buy to Let – DIB096 2 years 5.70% variable 8.3% APRC 75% 2% in year one, followed by 1% in year two £199 application fee, £999 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 8.64% £1,864.00 £2,296.00 £3,160.00
2 Year Discounted Variable Rate Limited Company Buy to Let – DIB071 2 years 4.94% variable 8.5% APRC 75% 2% in year one, followed by 1% in year two £199 application fee, 2.50% 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 8.64% £1,864.00 £2,296.00 £3,160.00

Buy to Let Further Advance Mortgages (1)

Further Advance: Buy to Let Discounted Variable Rate For Mortgage Term – BTLFD3 Duration of the mortgage term 5.80% Variable 6% APRC 80% None £150 Completion Fee
  • 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 £150 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
£150 8.64% £279.60 £344.40 £474.00

Buy to Let Product Transfers (8)

Holiday Buy to Let 3 Year Discounted Variable Rate – DIB22A 3 Years 5.94% Variable 7.9% APRC 75% 3% in Year 1, 2% in Year 2, 1% in Year 3 None

A mortgage of £132,914.39 payable over 10 years initially on a variable rate of 5.94% for 3 years and then on our current standard variable rate of 8.64% for the remaining 7 years would require 36 monthly payments of £657.93 and 84 monthly payments of £956.91.

The total amount payable would be £237,105.31 made up of the loan amount, plus interest and Redemption Administration Fee (£125) totalling £104,190.92.

The overall cost for comparison is 7.9% 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.

Expat Buy to Let 3 Year Discounted Variable Rate – DIB21A 3 Years 5.94% Variable 7.9% APRC 75% 3% in Year 1, 2% in Year 2, 1% in Year 3 None

A mortgage of £132,914.39 payable over 10 years initially on a variable rate of 5.94% for 3 years and then on our current standard variable rate of 8.64% for the remaining 7 years would require 36 monthly payments of £657.93 and 84 monthly payments of £956.91.

The total amount payable would be £237,105.31 made up of the loan amount, plus interest and Redemption Administration Fee (£125) totalling £104,190.92.

The overall cost for comparison is 7.9% 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.

Buy to Let 3 Year Discounted Variable Rate – DIB20A 3 Years 5.94% Variable 7.9% APRC 75% 3% in year 1, 2% in Year 2, 1% in Year 3 None

A mortgage of £132,914.39 payable over 10 years initially on a discounted variable rate of 5.94% for 3 years and then on our current standard variable rate of 8.64% for the remaining 7 years would require 36 monthly payments of £657.93 and 84 monthly payments of £956.91.

The total amount payable would be £237,105.31 made up of the loan amount, plus interest and Redemption Administration fee (£125) totalling £104,190.92.

The overall cost for comparison is 7.9% 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.

Buy to Let 3 Year Discounted Variable Rate – DIB17A 3 Years 5.80% Variable 8.8% APRC 80% 3% in Year 1, 2% in Year 2, 1% in Year 3 None

A mortgage of £125,347.43 payable over 20 years initially on a discounted variable rate of 5.80% for 3 years and then on our current standard variable rate of 8.64% for the remaining 17 years would require 36 monthly payments of £608.85 and 204 monthly payments of £902.43.

The total amount payable would be £331,378.75 made up of the loan amount, plus interest and Redemption Administration fee (£125) totalling £206,031.32.

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.

Family Buy to Let 3 Year Discounted Variable Rate – DIB07R 3 Years 5.80% Variable 7.8% APRC 75% 3% in Year 1, 2% in Year 2, 1% in Year 3 None

A mortgage of £132,914.39 payable over 10 years initially on a variable rate of 5.80% for 3 years and then on our current standard variable rate of 8.64% for the remaining 17 years would require 36 monthly payments of £642.42 and 84 monthly payments of £956.91.

The total amount payable would be £236,546.95 made up of the loan amount, plus interest and Redemption Administration Fee (£125) totalling £103,632.56.

The overall cost for comparison is 7.8% 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.

Family Buy to Let 3 Year Fixed Rate – XIB31A 3 Years 5.99% 7.9% APRC 75% 3% in Year 1, 2% in Year 2, 1% in Year 3 None

A mortgage of £132,914.39 payable over 10 years initially on a fixed rate of 5.99% for 3 years and then on our current standard variable rate of 8.64% for the remaining 7 years would require 36 monthly payments of £663.46 and 84 monthly payments of £956.91.

The total amount payable would be £237,304.39 made up of the loan amount, plus interest and Redemption Administration Fee (£125) totalling £104,390.00.

The overall cost for comparison is 7.9% 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.

Buy to Let 3 Year Fixed Rate – XIB30A 3 Years 5.79% 8.2% APRC 80% 3% in Year 1, 2% in Year 2, 1% in Year 3 None

A mortgage of £125,347.43 payable over 20 years initially on a fixed rate of 5.79% for 3 years and then on our current standard variable rate of 8.64% for the remaining 17 years would require 36 monthly payments of £604.80 and 204 monthly payments of £902.43.

The total amount payable would be £331,340.95 made up of the loan amount, plus interest and Redemption Administration Fee (£125) totalling £205,993.52.

The overall cost for comparison is 8.2% 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.

Limited Company Buy to Let 5 Year Fixed Rate – XIB27A 5 Years 6.99% 8.4% APRC 65% 3% in Years 1-3, 2% in Year 4, 1% in Year 5 None

A mortgage of £127,984.22 payable over 20 years initially on a fixed rate of 6.99% for 5 years and then on our current standard variable rate of 8.89% for the remaining 15 years would require 60 monthly payments of £745.51 and 180 monthly payments of £948.02.

The total amount payable would be £343,483.42 made up of the loan amount, plus interest and Redemption Administration Fee (£125) totalling £215,499.20.

The overall cost for comparison is 8.4% 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.

Credit Repair (4)

Credit Repair – 2 Year Fixed Rate – RCX004 2 years 6.99% 8.8% APRC 70% 2% in Year 1, 1% in Year 2 £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, subject to the maximum 70% LTV. 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 8.64% £1,864.00 £2,296.00 £3,160.00

 

Credit Repair – 2 Year Fixed Rate – RCX003 2 years 7.09% 8.6% APRC 70% 2% in Year 1, 1% in Year 2 £199 Application Fee, No Completion Fee
  • The £199 Application Fee is non-refundable and payable at the point of application
Credit Repair – 2 Year Discounted Variable Rate – RCV004 2 years 6.50% variable 8.5% APRC 70% 2% in Year 1, 1% in Year 2 £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, subject to the maximum 70% LTV. 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 8.64% £1,864.00 £2,296.00 £3,160.00

 

Credit Repair – 2 Year Discounted Variable Rate – RCV003 2 years 6.60% variable 8.6% APRC 70% 2% in Year 1, 1% in Year 2 £199 Application Fee, No Completion Fee
  • The £199 Application Fee is non-refundable and payable at the point of application

Expat Buy to Let (1)

Expat Buy to Let 2 Year Discounted Variable Rate – DIB093 2 years 5.73% variable 8.3% APRC 75% 2% in Year 1, 1% in Year 2 £199 application fee, £999 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 8.64% £1,864.00 £2,296.00 £3,160.00

Family Buy to Let (2)

Family Buy to Let 2 Year Discounted Variable Rate – DIB092 2 years 5.54% variable 8.2% APRC 75% 2% in Year 1, 1% in Year 2 £199 application fee, £999 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 8.64% £1,864.00 £2,269.00 £3,160.00

 

Family Buy to Let Fixed Rate until 30 November 2029 – XIB062 Fixed until 30 November 2029 5.59% 7.3% APRC 75% 3% until 30 November 2027, then 2% until 30 November 2028 and then 1% until 30 November 2029 £199 application fee, £999 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 8.64% £1,864.00 £2,296.00 £3,160.00

 

Holiday Buy to Let (3)

2 Year Discounted Variable Rate Limited Company Holiday Buy to Let – DIB095 2 years 5.99% variable 8.4% APRC 75% 2% in year one, followed by 1% in year two £199 application fee, £999 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 8.64% £1,864.00 £2,296.00 £3,160.00
2 Year Discounted Variable Rate Limited Company Holiday Buy to Let – DIB094 2 years 5.40% variable 8.4% APRC 75% 2% in year one, followed by 1% in year two £199 application fee, 2% 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 8.64% £1,864.00 £2,296.00 £3,160.00
2 Year Discounted Variable Rate Holiday Buy to Let – DIB087 2 years 5.74% variable 8.4% APRC 75% 2% in Year 1, 1% in Year 2 £199 application fee, £1,499 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 8.64% £1,864.00 £2,296.00 £3,160.00

Residential Further Advance Mortgages (5)

Further Advance Residential 2 Year Discounted Variable Rate – DDF014 2 Years 5.30% Variable 8.4% APRC Up to 90% 2% in Year 1, 1% in Year 2 £150 Completion Fee
  • 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 £150 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
£150 8.64% £279.60 £344.40 £474.00
Further Advance: Residential Discounted Variable Rate For Mortgage Term – DDF013 Duration of the mortgage term 6.90% Variable 7.3% APRC 90% None £150 Completion Fee
  • 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 £150 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
£150 8.64% £279.60 £344.40 £474.00
Further Advance Versatility – 2 Year Discounted Variable Rate – CPDF05 2 Years 6.14% Variable 8.6% APRC 85% 2% in Year 1, 1% in Year 2 £150 Completion Fee
  • 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 £150 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
£150 8.64% £279.60 £344.40 £474.00
Further Advance Residential 2 Year Fixed Rate – DXF014 2 Years 5.39% 8.2% APRC 90% 2% in Year 1, 1% in Year 2 £150 Completion Fee
  • 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 £150 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
£150 8.64% £279.60 £344.40 £474.00
Further Advance Versatility – 2 Year Fixed Rate – CPXF06 2 Years 6.49% 8.5% APRC 85% 2% in Year 1, 1% in Year 2 £150 Completion Fee
  • 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 £150 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
£150 8.64% £279.60 £344.40 £474.00

Residential Product Transfers (8)

Versatility – 2 Year Discounted Variable Rate – CPDR05 2 Years 6.14% Variable 8.2% APRC 85% 2% in Year 1, 1% in Year 2 None

A mortgage of £165,886.90 payable over 15 years initially on a variable rate, currently 6.14% for 2 years and then on our current standard variable rate of 8.64% for the remaining 13 years would require 24 monthly payments of £1412.43 and 156 monthly payments of £1619.94.

The total amount payable would be £286,733.96 made up of the loan amount, plus interest and Redemption Administration Fee (£125) totalling £120,847.06.

The overall cost for comparison is 8.2% 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.

Residential 3 Year Discounted Variable Rate – DID78A 3 Years 5.78% Variable 8.1% APRC Over 85% and up to 95% 3% in Year 1, 2% in Year 2, 1% in Year 3 None

A mortgage of £176,843.52 payable over 26 years initially on a discounted variable rate of 5.78% for 3 years and then on our current standard variable rate of 8.64% for the remaining 23 years would require 36 monthly payments of £1096.70 and 276 monthly payments of £1396.90.

The total amount payable would be £425,150.60 made up of the loan amount, plus interest and Redemption Administration fee (£125) totalling £248,307.08.

The overall cost for comparison is 8.1% 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.

Residential 3 Year Discounted Variable Rate – DID77A 3 Years 5.30% Variable 8.1% APRC 85% 3% in Year 1, 2% in Year 2, 1% in Year 3 None

A mortgage of £91,021.63 payable over 35 years initially on a discounted variable rate of 5.30% for 3 years and then on our current standard variable rate of 8.64% for the remaining 32 years would require 36 monthly payments of £476.94 and 384 monthly payments of £677.41.

The total amount payable would be £277,420.28 made up of the loan amount, plus interest and Redemption Administration fee (£125) totalling £186,398.65.

The overall cost for comparison is 8.1% 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.

Shared Ownership 3 Year Fixed Rate – SX-10P 3 Years 5.75% 8.1% APRC 95% of the share owned, 75% property value 3% in Year 1, 2% in Year 2, 1% in Year 3 None

A mortgage of £71,927.68 payable over 30 years initially on a fixed rate of 5.75% for 3 years and then on our current standard variable rate of 8.64% for the remaining 27 years would require 36 monthly payments of £419.75 and 324 monthly payments of £550.51.

The total amount payable would be £193,601.24 made up of the loan amount, plus interest and Redemption Administration Fee (£125) totalling £121,673.56.

The overall cost for comparison is 8.1% 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.

Residential 3 Year Fixed Rate – DIX73A 3 Years 4.99% 8.0% APRC 85% 3% in Year 1, 2% in Year 2, 1% in Year 3 None

A mortgage of £91,021.63 payable over 35 years initially on a fixed rate of 4.99% for 3 years and then on our current standard variable rate of 8.64% for the remaining 32 years would require 36 monthly payments of £458.79 and 384 monthly payments of £675.91.

The total amount payable would be £276,190.88 made up of the loan amount, plus interest and Redemption Administration Fee (£125) totalling £185,169.25.

The overall cost for comparison is 8.0% 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.

Residential 2 Year Fixed Rate – DIX66A 2 Years 5.39% 8.4% APRC 85% 2% in Year 1, 1% in Year 2 None

A mortgage of £91,021.63 payable over 35 years initially on a fixed rate of 5.39% for 2 years and then on our current standard variable rate of 8.64% for the remaining 33 years would require 24 monthly payments of £482.26 and 396 monthly payments of £681.74.

The total amount payable would be £281,668.28 made up of the loan amount, plus interest and Redemption Administration Fee (£125) totalling £190,646.65.

The overall cost for comparison is 8.4% 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.

Residential 3 Year Fixed Rate – DIX64A 3 Years 5.85% 8.1% APRC Over 85% and up to 95% 3% in Year 1, 2% in Year 2, 1% in Year 3 None

A mortgage of £176,843.52 payable over 26 years initially on a fixed rate of 5.85% for 3 years and then on our current standard variable rate of 8.64% for the remaining 23 years would require 36 monthly payments of £1104.28 and 276 monthly payments of £1397.70.

The total amount payable would be £425,644.28 made up of the loan amount, plus interest and Redemption Administration Fee (£125) totalling £248,800.76.

The overall cost for comparison is 8.1% 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.

 

Versatility – 2 Year Fixed Rate – CPXR10 2 Years 6.49% 8.3% APRC 85% 2% in Year 1, 1% in Year 2 None

A mortgage of £165,886.90 payable over 15 years initially on a fixed rate of 6.49% for 2 years and then on our current standard variable rate of 8.64% for the remaining 13 years would require 24 monthly payments of £1,444.14 and 156 monthly payments of £1,623.95.

The total amount payable would be £288,120.56 made up of the loan amount, plus interest and Redemption Administration Fee (£125) totalling £122,233.66.

The overall cost for comparison is 8.3% 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.

Residential Purchase (9)

2 Year Discounted Variable Rate – DID168 2 years 5.28% variable 6.6% APRC 75% (70% for loans over £750,000 and under £1m) 2% in year one, followed by 1% in year two £199 application fee, 0.50% 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 6.90% £1,690.00 £2,035.00 £2,725.00
2 Year Discounted Variable Rate House Purchase Only – DID167 2 years 6.40% variable 7.0% APRC over 90% and up to 95% 2% in year one, followed by 1% in year two £199 Application Fee, No Completion Fee
  • The £199 Application Fee is non-refundable and payable at the point of application
2 Year Discounted Variable Rate – DID166 2 years 6.00% variable 7.1% APRC over 80% and up to 90% 2% in Year 1, 1% in Year 2 £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 6.90% £1,690.00 £2,035.00 £2,725.00
House Purchase Only Fixed Rate until 30 November 2029 – DIX279 Fixed until 30 November 2029 5.79% 6.7% APRC Up to 95% LTV 3% until 30 November 2027, 2% until 30 November 2028,1% until 30 November 2029 £199 Application Fee, No Completion Fee
  • The £199 Application Fee is non-refundable and payable at the point of application
Remortgage Only Fixed Rate until 30 November 2029 – DIX278 Fixed until 30 November 2029 5.59% 6.7% APRC Up to 90% LTV 3% until 30 November 2027, 2% until 30 November 2028,1% until 30 November 2029 £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 6.90% £1,690.00 £2,035.00 £2,725.00
House Purchase Only 2 Year Fixed Rate – DIX277 2 years 6.19% 7.0% APRC Over 90% and up to 95% 2% in Year 1, 1% in Year 2 £199 Application Fee, No Completion Fee
  • The £199 Application Fee is non-refundable and payable at the point of application
2 Year Fixed Rate – DIX276 2 years 5.79% 7.0% APRC Over 80% and up to 90% 2% in Year 1, 1% in Year 2 £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 6.90% £1,690.00 £2,035.00 £2,725.00
2 Year Fixed Rate – DIX275 2 years 5.29% 6.9% APRC 80% 2% in Year 1, 1% in Year 2 £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 6.90% £1,690.00 £2,035.00 £2,725.00
2 Year Discounted Variable Rate – DID169 2 years 5.65% variable 7.2% APRC 80% 2% in Year 1, 1% in Year 2 £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

Residential Remortgage (5)

2 Year Discounted Variable Rate – DID168 2 years 5.28% variable 6.6% APRC 75% (70% for loans over £750,000 and under £1m) 2% in year one, followed by 1% in year two £199 application fee, 0.50% 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 6.90% £1,690.00 £2,035.00 £2,725.00
2 Year Discounted Variable Rate – DID166 2 years 6.00% variable 7.1% APRC over 80% and up to 90% 2% in Year 1, 1% in Year 2 £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 6.90% £1,690.00 £2,035.00 £2,725.00
2 Year Fixed Rate – DIX276 2 years 5.79% 7.0% APRC Over 80% and up to 90% 2% in Year 1, 1% in Year 2 £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 6.90% £1,690.00 £2,035.00 £2,725.00
2 Year Fixed Rate – DIX275 2 years 5.29% 6.9% APRC 80% 2% in Year 1, 1% in Year 2 £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 6.90% £1,690.00 £2,035.00 £2,725.00
2 Year Discounted Variable Rate – DID169 2 years 5.65% variable 7.2% APRC 80% 2% in Year 1, 1% in Year 2 £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

Shared Ownership (2)

Shared Ownership Fixed Rate until 30 November 2029 – SX-038 Until 30 November 2029 5.49% 6.6% APRC 95% of the share being purchased, 75% property value 3% until 30 November 2027, 2% until 30 November 2028, 1% until 30 November 2029 None

A mortgage of £127,500.00 payable over 38 years initially on a fixed rate of 5.49% until 30 November 2029 then on our follow-on rate of a 1.74% discount off our standard variable rate (currently 8.64%) giving a rate of 6.90% variable for the remaining 32 years 9 months would require 62 monthly payments of £666.89 and 393 monthly payments of £780.77; plus one initial interest payment of £573.75.

The total amount payable would be £349,263.54 made up of the loan amount, plus interest and fee(s) totalling £221,763.54. This includes Legal Fees (£350), Chaps Fee (£25) and Redemption Administration Fee (£125).

The overall cost for comparison is 6.6% 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.

Shared Ownership 2 Year Fixed Rate – SX-037 2 years 5.99% 7.0% APRC 95% of the share being purchased, 75% property value 2% in Year 1, 1% in Year 2 None

A  mortgage of £101,412.00 payable over 26 years initially on a fixed rate of 5.99% for 2 years then on our follow-on rate of a 1.74% discount off our standard variable rate (currently 8.64%) giving a rate of 6.90% variable for the remaining 24 years would require 23 monthly payments of £642.86 and 288 monthly payments of £697.89; plus one initial interest payment of £497.92.

The total amount payable would be £216,776.02 made up of the loan amount, plus interest and fee(s) totalling £115,364.02. This includes Legal Fees (£350), Chaps Fee (£25) and Redemption Administration Fee (£125).

The overall cost for comparison is 7.0% 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.

Standard Buy to Let (7)

2 Year Discounted Variable Rate Limited Company Buy to Let – DIB096 2 years 5.70% variable 8.3% APRC 75% 2% in year one, followed by 1% in year two £199 application fee, £999 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 8.64% £1,864.00 £2,296.00 £3,160.00
Expat Buy to Let 2 Year Discounted Variable Rate – DIB093 2 years 5.73% variable 8.3% APRC 75% 2% in Year 1, 1% in Year 2 £199 application fee, £999 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 8.64% £1,864.00 £2,296.00 £3,160.00
Family Buy to Let 2 Year Discounted Variable Rate – DIB092 2 years 5.54% variable 8.2% APRC 75% 2% in Year 1, 1% in Year 2 £199 application fee, £999 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 8.64% £1,864.00 £2,269.00 £3,160.00

 

2 Year Discounted Variable Rate Buy to Let – DIB091 2 years 5.34% variable 8.2% APRC 75% 2% in Year 1, 1% in Year 2 £199 application fee, £1,499 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 8.64% £1,864.00 £2,296.00 £3,160.00
2 Year Discounted Variable Rate Limited Company Buy to Let – DIB071 2 years 4.94% variable 8.5% APRC 75% 2% in year one, followed by 1% in year two £199 application fee, 2.50% 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 8.64% £1,864.00 £2,296.00 £3,160.00
Family Buy to Let Fixed Rate until 30 November 2029 – XIB062 Fixed until 30 November 2029 5.59% 7.3% APRC 75% 3% until 30 November 2027, then 2% until 30 November 2028 and then 1% until 30 November 2029 £199 application fee, £999 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 8.64% £1,864.00 £2,296.00 £3,160.00

 

Buy to Let Fixed Rate until 30 November 2029 – XIB061 Fixed until 30 November 2029 5.39% 7.2% APRC 75% 3% until 30 November 2027, then 2% until 30 November 2028 and then 1% until 30 November 2029 £199 application fee, £1,499 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 8.64% £1,864.00 £2,296.00 £3,160.00

 

Versatility (10)

Versatility – 2 Year Discounted Variable Rate – MPDV15 2 years 6.40% variable 7.1% APRC Over 80% and up to 85% 2% in Year 1, 1% in Year 2 £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 6.90% £1,690.00 £2,035.00 £2,725.00
Versatility – 2 Year Discounted Variable Rate – MPDV14 2 years 5.95% variable 7.0% APRC 80% 2% in year one, followed by 1% in year two £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 6.90% £1,690.00 £2,035.00 £2,7257.00

 

Credit Repair – 2 Year Fixed Rate – RCX004 2 years 6.99% 8.8% APRC 70% 2% in Year 1, 1% in Year 2 £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, subject to the maximum 70% LTV. 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 8.64% £1,864.00 £2,296.00 £3,160.00

 

Credit Repair – 2 Year Fixed Rate – RCX003 2 years 7.09% 8.6% APRC 70% 2% in Year 1, 1% in Year 2 £199 Application Fee, No Completion Fee
  • The £199 Application Fee is non-refundable and payable at the point of application
Credit Repair – 2 Year Discounted Variable Rate – RCV004 2 years 6.50% variable 8.5% APRC 70% 2% in Year 1, 1% in Year 2 £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, subject to the maximum 70% LTV. 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 8.64% £1,864.00 £2,296.00 £3,160.00

 

Credit Repair – 2 Year Discounted Variable Rate – RCV003 2 years 6.60% variable 8.6% APRC 70% 2% in Year 1, 1% in Year 2 £199 Application Fee, No Completion Fee
  • The £199 Application Fee is non-refundable and payable at the point of application
Versatility – 2 Year Fixed Rate – MPXV14 2 years 6.39% 7.1% APRC 80% 2% in Year 1, 1% in Year 2 £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 6.90% £1,690.00 £2,035.00 £2,725.00

 

Versatility – 2 Year Fixed Rate – MPXV15 2 years 6.79% 7.2% APRC Over 80% and up to 85% 2% in Year 1, 1% in Year 2 £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 6.90% £1,690.00 £2,035.00 £2,725.00

 

Versatility Plus – 2 Year Fixed Rate – CPXV14 2 years 6.79% 7.2% APRC 80% 2% in Year 1, 1% in Year 2 £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 6.90% £1,690.00 £2,0345.00 £2,725.00

 

Versatility Plus – 2 Year Discounted Variable Rate – CPDV15 2 years 6.40% variable 7.2% APRC 80% 2% in Year 1, 1% in Year 2 £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 6.90% £1,690.00 £2,035.00 £2,725.00

 

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 8.64%, as a variable rate it may go up or down. Our follow-on rate is 1.74% below our SVR (currently 6.90% variable) and 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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