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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)

Last Updated:4 December 2023
Expat Holiday Buy to Let 2 Year Discounted Variable Rate – DIB079

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

Representative Example:

  • 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 8.89% £1,889.00 £2,333.50 £3,222.50
Last Updated:4 December 2023
Expat Buy to Let 2 Year Discounted Variable Rate – DIB076

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

Representative Example:

  • 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 8.89% £1,889.00 £2,333.50 £3,222.50

Buy to Let - Family (2)

Last Updated:15 September 2023
Family Buy to Let 2 Year Discounted Variable Rate – DIB075

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

Representative Example:

  • 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 8.89% £1,889.00 £2,333.50 £3,222.50
Last Updated:1 September 2023
Family Buy to Let 2 Year Discounted Variable Rate – DIB074

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

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.

Buy to Let - Holiday Lets (1)

Last Updated:4 December 2023
2 Year Discounted Variable Rate Holiday Buy to Let – DIB078

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

Representative Example:

  • 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 8.49% £1,849.00 £2,273.50 £3,122.50

Buy to Let - Standard (6)

Last Updated:10 November 2023
Limited Company Buy to Let Fixed Rate until 14 February 2029 – XIB054

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

Representative Example:

  • 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 8.89% £1,889.00 £2,333.50 £3,222.50

 
Last Updated:5 December 2023
Light Refurb Buy to Let 2 Year Discounted Variable Rate – DIB081

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

Representative Example:

  • 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 8.89% £1,889.00 £2,333.50 £3,222.50
Last Updated:4 December 2023
2 Year Discounted Variable Rate Buy to Let – DIB073

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

Representative Example:

  • 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 8.89% £1,889.00 £2,333.50 £3,222.50
Last Updated:4 December 2023
Expat Buy to Let 2 Year Discounted Variable Rate – DIB076

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

Representative Example:

  • 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 8.89% £1,889.00 £2,333.50 £3,222.50
Last Updated:15 September 2023
Family Buy to Let 2 Year Discounted Variable Rate – DIB075

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

Representative Example:

  • 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 8.89% £1,889.00 £2,333.50 £3,222.50
Last Updated:1 September 2023
Family Buy to Let 2 Year Discounted Variable Rate – DIB074

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

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.

Family Assist (1)

Last Updated:4 December 2023
Family Assist 3 Year Discounted Variable Rate – House Purchase Only – DFM004

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

Representative Example:

  • The £199 Application Fee is non-refundable and payable at the point of application.

Residential - Purchase (8)

Last Updated:4 December 2023
2 Year Fixed Rate – DIX258

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

Representative Example:

  • 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
Last Updated:4 December 2023
2 Year Discounted Variable Rate House Purchase Only – DID167

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

Representative Example:

  • The £199 Application Fee is non-refundable and payable at the point of application
Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID169

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

Representative Example:

  • 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
Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID166

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

Representative Example:

  • 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
Last Updated:4 December 2023
2 Year Fixed Rate – DIX259

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

Representative Example:

  • 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 £2,757.50
Last Updated:4 December 2023
House Purchase Only 2 Year Fixed Rate – DIX260

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

Representative Example:

  • The £199 Application Fee is non-refundable and payable at the point of application
Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID168

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

Representative Example:

  • 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
Last Updated:4 December 2023
House Purchase Only Fixed Rate until 14 February 2029 – DIX261

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

Representative Example:

  • The £199 Application Fee is non-refundable and payable at the point of application

Residential - Remortgage (5)

Last Updated:4 December 2023
2 Year Fixed Rate – DIX258

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

Representative Example:

  • 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
Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID169

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

Representative Example:

  • 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
Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID166

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

Representative Example:

  • 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
Last Updated:4 December 2023
2 Year Fixed Rate – DIX259

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

Representative Example:

  • 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 £2,757.50
Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID168

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

Representative Example:

  • 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

Retirement Interest Only (1)

Last Updated:4 December 2023
Retirement Interest Only (RIO) 5 Year Discounted Variable Rate DRI003

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

Representative Example:

  • 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 (1)

Last Updated:4 December 2023
Shared Ownership 2 Year Fixed Rate – SX-030

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

Representative Example:

  • The £199 Application Fee is non-refundable and payable at the point of application

Versatility (6)

Last Updated:4 December 2023
Versatility – 2 Year Fixed Rate – MPXV10

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

Representative Example:

  • 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

 
Last Updated:4 December 2023
Versatility Plus – 2 Year Fixed Rate – CPXV12

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

Representative Example:

  • 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

 
Last Updated:4 December 2023
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 Change:

2% in year one, followed by 1% in year two

Product Fees:

£199 application fee, £800 completion fee

Representative Example:

  • 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

 
Last Updated:4 December 2023
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 Change:

2% in Year 1, 1% in Year 2

Product Fees:

£199 application fee, £800 completion fee

Representative Example:

  • 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
Last Updated:4 December 2023
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 Change:

2% in Year 1, 1% in Year 2

Product Fees:

£199 Application Fee, £800 Completion Fee

Representative Example:

  • 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

 
Last Updated:4 December 2023
Versatility – 2 Year Fixed Rate – MPXV11

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

Representative Example:

  • 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

 

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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