The applicant(s)
Missed mortgage/rent arrears |
In the last 12 months aren’t normally accepted but may be considered subject to individual case assessment. |
Unsecured arrears |
Not counted* * Whilst unsecured arrears are not counted, we reserve the right to consider on a case-by-case basis as part of the full underwrite. |
County court judgments or registered defaults |
None in the last 36 months. Must be satisfied prior to mortgage application.
These are acceptable where one of the following applies: |
Individual voluntary arrangement (IVA) and discharged bankrupts |
IVA/bankrupts who have been discharged over three years ago and who have no residual debt may be accepted subject to individual case assessment. |
Repossessions |
Not acceptable. |
Debt management plans |
Not acceptable. |
The loan
Repayment terms available? |
Capital and interest repayment only |
Porting available? |
|
Revert rate |
BBR + 3.75% Bank of England Base Rate (BBR): 5.25% |
Minimum loan |
£15,000 |
Maximum loan |
£1,000,000 |
Early repayment charges |
Year one: 4% Year two: 4% Year three: 3% Year four: 3% Year five: 2% |
Term |
5-35 years |
Maximum share value |
100% |
The fees and charges
Product fee |
0% |
Application fee |
£145 |