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Discounted SVR - 2 years Interest Only

For loans up to 80% of property value

Product nameDiscounted SVR - 2 years Interest Only
Initial rate1.74% (variable)
Initial rate expires on
30th November 2022
Rate thereafterStandard Variable Rate, currently
4.55%
Overall cost for comparison4.3% APRC
Product fee£999
Option to add product fees to mortgageYes the product fee can be added to the loan, provided the total borrowing does not exceed the maximum LTV for the product type
Eligibility

Applicants must be aged 18 or over. All loans are subject to status. Security will be required

Maximum loan amount£1,000,000
Maximum loan to value80%
Minimum loan amount£0
Early repayment chargeApplies for the first two years
3% in year 1
2% in year 2
Special offers

New lending only available to Private customers.

Purchase: None

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.

Available to existing Retail Interest Only customers for product switches only (subject to criteria)

Special features

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

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

 

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