The loan
Repayment terms available? |
|
Interest-only terms available? |
|
Porting available? |
|
Term |
5-35 years |
Early repayment charges |
Year one: 5% Year two: 4% Year three: 3% Year four: 3% Year five: 3% |
Revert rate |
BBR + 4.90% Bank of England Base Rate (BBR): 0.25% |
Maximum share value |
90% |
Client share |
25%-75% of the full property value |
Minimum loan |
£50,000 |
Maximum loan |
£1,000,000 |
Minimum property value |
£125,000 |
The applicant(s)
First time buyers permitted? |
|
Maximum no. of applicants |
4 |
Ages |
18-85 |
Self-employed applicants |
|
Missed mortgage/rent arrears |
In the last 12 months are not normally accepted but may be considered subject to individual case review |
County court judgments (CCJs) and defaults |
None in the last 36 months. Must be satisfied prior to mortgage application. These are acceptable where one of the following applies:
|
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 |
Individual voluntary agreement (IVA) & 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 |
The fees and charges
Product fee |
£399 |
Application fee |
£145 |