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Residential fixed rate - 5 years Interest Only

For loans up to 75% of property value

Product nameResidential fixed rate - 5 years Interest Only
Initial rate2.54%
Initial rate expires on
31st August 2024
Rate thereafterStandard Variable Rate, currently
5.20%
Overall cost for comparison4.5% 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

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£1,000,000
Maximum loan to value75%
Minimum loan amount£0
Early repayment charge5% in years one and two
4% in year three
3% in year four
2% in year five
Special offersRemortgage: Legal fees and valuation paid for remortgages only #
Special features

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

 

# Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) and one free valuation on properties worth £2m, or less. If the property to be mortgaged is currently unencumbered then a free valuation is available.

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