For loans up to 75% of property value
|Product name||Offset Variable Investment Housing Loan Capital and Interest|
|Initial rate||5.60% (variable)|
|Initial rate expires on||No end date|
|Rate thereafter||Variable for term|
|Overall cost for comparison||5.9% APRC|
|Option to add product fees to mortgage||Yes the product fee can be added to the loan, provided the total borrowing does not exceed the maximum LTV for the product type|
Available for purchase and remortgage, new applications and product transfer. Applicants must be aged 18 or over. All loans are subject to status. Security will be required
|Maximum loan amount||£750,000|
|Maximum loan to value||75%|
|Minimum loan amount||£80,000|
|Special offers||Remortgage: Legal fees and valuation paid for remortgages only #|
At the end of the discounted/fixed period you can make extra payments or repay your whole mortgage without penalty.
# The switching package is only available to applicants moving their mortgage from another lender. If the property is unencumbered, a free valuation is available. Free valuations are available on properties worth £2m, or less. Optima Legal Services will charge a funds transfer fee of £42 to applicants who use the switching package. When using products available for mortgages over £1m which benefit from the switching package incentive, the switching package is enhanced to allow one free valuation for properties worth £3m or less (standard free legals remain limited to properties worth £2m or less).