Product Finder

Residential mortgage products

As physical valuations return, we’re here to support you with products up to 75% LTV on loans up to £1m.

Our new residential product range, combined with our common-sense approach to lending, means you can help your employed, self-employed and contractor clients with their odd cases without delay. Let us help you get back to business.

Near prime 1

    • Up to 75% LTV available
    • Minimum property value £75,000
    • Maximum loan value £1m
    • Available in England*
    • Residential products now revert to BBR trackers

*We can progress applications in Wales up to valuation stage only

MSV LTV Mortgage type Term Initial rate Product fee ERC Product code
N/A 75% Fixed 2 3.69% 0.5%

Yes

01625 KNPA2005
N/A 75% Fixed 5 3.79% 0.5%

Yes

01626 KNPA2005
MSV LTV Type Rate Term Product fee ERC Product code
N/A 75% Fixed 3.69% 2 0.5%

Yes

01625 KNPA2005
N/A 75% Fixed 3.79% 5 0.5%

Yes

01626 KNPA2005

 

Acceptable credit profile

*All CCJs & defaults must be paid prior to the application or must meet the ignore CCJ/default criteria

Ignore CCJ/default criteria: <£300 in total & satisfied >12 months prior to application OR registered >24 months whether satisfied or not

 

If you have an existing application

If you currently have a case in progress where the valuation fees have been paid, the case fits our new criteria, and you wish to take advantage of the new products, please contact us to change the product.

Please speak to your BDM for more information.

 

Exclusions

The following exclusions apply:

  • No debt management plans
  • Shared ownership not accepted

 

Residential products now revert to Bank of England Base Rate (BBR) trackers

Reversion rates are variable rates that are linked to the Bank of England base rate. All of our BBR products have a floor. This means that if BBR were to fall to 0.00% or less the rate payable will be 0.00%, plus the agreed set percentage above BBR. This means that the rate payable will never go below 0.00% plus the additional percentage rate of the tracker mortgage. BBR is currently 0.10%.

 

Important note regarding valuations

A physical valuation will be sourced from Connells via the standard process.

Connells has issued prescriptive guidance to follow around inspection protocols, which you can find here.

If this guidance isn't adhered to (e.g., the property is occupied or doors have been left closed), the surveyor may not go ahead with the valuation but will still charge the valuation fee for the on-site visit.

Terms and conditions

At the end of any initial deal, the interest rate will revert to the Bank of England Base Rate (BBR) tracker. All of our BBR products have a floor.

This means that if BBR were to fall to 0.00% or less the rate payable will be 0.00%, plus the agreed set percentage above BBR. This means that the rate payable will never go below 0.00% plus the additional percentage rate of the tracker mortgage.

All mortgage products are subject to availability of funds and can be withdrawn at any time.

For interest only or part repayment/part interest only, it's your client's responsibility to ensure they have sufficient funds available at the end of the term with which to repay the loan.

All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged 18 or over. Maximum age at the end of the mortgage term is 85. Written quotations are available on request.

OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504) for general insurance intermediation and regulated mortgages.

Download the full mortgage terms and conditions.

YOUR CLIENT'S HOME MAY BE REPOSSESSED IF THEY DO NOT KEEP UP REPAYMENTS ON THEIR MORTGAGE

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