Qualified professionals, who need to maximise their borrowing potential by taking account of future earnings, have at least 15% deposit/equity and are comfortable with interest rate changes.
4.79% variable, which includes a 2.81% discount from our Standard Variable Rate for 2 years.
Our Standard Variable Rate* for the remainder of the term, currently 7.60%.
7.4% APRC
Arrangement fee - £499 (payable on completion, can be added to the loan)
Mortgage exit fee - £100 (payable when the mortgage is fully repaid)
One free valuation included, up to the value of £1,000.
A full or partial capital repayment, which exceeds 25% of the capital balance amount in any one year during the discount period, will attract an early repayment charge of 2%.
Purchase or Remortgage
85% - capital & interest / part & part
70% - interest-only
Minimum £100,000 – Maximum £500,000
This product is portable and can be transferred from the existing property to a new property.
The interest rate for this mortgage has a ‘floor’, which means that it will never fall below 2.50% during the discount period.
If you add the arrangement fee to the loan, then interest will be charged on it resulting in a greater amount payable over the term of the mortgage.
Property must be in England and Wales with a value of £125,000 or more.
Available to qualified professionals only.
Mortgages are subject to underwriting.
This information is to help you understand the typical cost of this mortgage and is not representative of your personal circumstances.
A mortgage of £225,000.00 payable over 30 years, on a capital & interest repayment basis, with an initial discounted rate of 4.79%, which includes a 2.81% discount from our Standard Variable Rate (SVR) for 2 years and then on our SVR, currently 7.60%, for the remaining 28 years. The initial term would require 24 monthly payments of £1,179.14, followed by 336 monthly payments of £1,568.27.
The total amount payable would be £556,087.08 made up of the loan amount (£225,000.00), plus interest (£330,238.08), arrangement fee (£499), solicitor fee (£250), and a mortgage exit fee (£100).
The overall cost for comparison is 7.4% APRC.
If you haven’t registered with us already, please register online before submitting business with us. Once registered with us, you can register to our broker online services.
REGISTER
Obtain a DIP before submitting an application. Attach an affordability calculator to your submission and we'll give you an initial decision based on the information provided.
DECISION IN PRINCIPLE
Once your registration has been confirmed, you'll be able to submit an application via our online broker portal. All documents required for the application are uploaded at this time.
SUBMIT APPLICATION