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Professional residential fixed rate - 5 years Capital and Interest - Fee offer CI1180

For loans up to 90% of property value

Product nameProfessional residential fixed rate - 5 years Capital and Interest - Fee offer CI1180
Initial rate5.04%
Initial rate expires on
30th June 2029
Rate thereafterStandard Variable Rate, currently
9.49%
Overall cost for comparison7.70% APRC
Product fee
£0
Option to add product fees to mortgageThe product fee can be added to the loan, unless it takes a residential loan over 95% LTV or a BTL loan over 80% LTV.
Legal

You’ll normally instruct a solicitor to act on your behalf in connection with your transaction. You may be required to pay legal fees and costs as part of their work on your behalf. These fees/costs are normally charged by the solicitor directly to you, unless we tell you that we’ll contribute to the legal costs as part of your product deal.

Typically you will not need to pay legal fees if:
you are an existing mortgage customer who wishes to re-mortgage with us.
you are a new mortgage customer who wants to switch the mortgage for their current home to us and use our legal panel.

Valuation Fees

The valuation report is used to calculate how much we’ll lend you. This is separate from any valuation or survey of the property you might want to instruct for your own purposes. There are other homebuyers, home report or structural survey options available if you want to commission these.

If a valuation report is necessary, we do not charge for the valuation for this product.

Eligibility

Applicants must be aged 18 or over. All loans are subject to status. Security will be required. Not available for business purposes.

To qualify, one or more of the applicants must be fully qualified and employed in the following occupations: Accountants, Architects, Barristers, Chartered Surveyors, Engineers, Financial Advisers (including Mortgage Advisors), Medical (Ambulance Workers, Dentists, Doctors, Nurses, and any NHS band 3+ or non-NHS equivalent), Pilots, Police Officers, Solicitors, Teachers, Vets.

Maximum loan amount£1,000,000
Maximum loan to value90%
Minimum loan amount£80,000
Early repayment charge5% in years one and two
4% in year three
3% in year four
2% in year five
Special offers

Existing customers only.

Purchase or Unencumbered: One free valuation for properties up to £3m

Remortgage: One free valuation for properties up to £3m Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) for properties up to £2m

Properties over £3m – No incentives

All incentives are subject to qualifying criteria being met.

Special features

At the end of the discounted/fixed period you can make extra payments or repay your whole mortgage without penalty.