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2 Year Discounted Offset under 80 LTV more than 500000 - Interest Only - IO1644
For loans up to 80% of property value
| Product name | 2 Year Discounted Offset under 80 LTV more than 500000 - Interest Only - IO1644 |
| Initial rate | 6.29% |
| Initial rate expires on | 31st December 2025 |
| Rate thereafter | Standard Variable Rate, currently 9.70% |
| Overall cost for comparison | 9.70% APRC |
| Product fee | £749 |
| Option to add product fees to mortgage | The product fee can be added to the loan, unless it takes a residential loan over 95% LTV or a BTL loan over 80% LTV. |
| Eligibility | Applicants must be aged 18 or over. All loans are subject to status. Security will be required. This product is only available for remortgages |
| Maximum loan amount | £1,000,000 |
| Maximum loan to value | 80% |
| Minimum loan amount | £500,000 |
| Early repayment charge | 3% in year one 2% in year two |
| Special features | Offset mortgage product. 6 Separate Accounts-Current and Savings Account, credit balances offset against mortgage debit balances for purpose of daily interest calculation. |
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