Available for: Purchase and Remortgage
Min/Max Adv: £100,000/£1,000,000
Max Loan To Value: 85% at End Value, 85% at Land Value (including arrangement fee)
Arrangement Fee: £1,000 (If the arrangement fee is added to the loan; the Loan to Value must not exceed the maximum permitted)
Valuation Fee: Payable on application. See Valuation Fee leaflet.
Application Fee: £125
Early Repayment Charge (ERC): 1% in the first year and 0.5% for the second year (fee waived if completion is before 2 years and customer chooses a residential retention product. Evidence of completion certificate will be required)
Overpayments: 10% of the advance amount can be repaid per annum for two years without incurring a charge. A 1% charge is due on any amount repaid that exceeds 20% per annum in the first year and a 0.5% charge is due on any amount repaid that exceeds 10% per annum for the second year
Restrictions: The mortgage can be repaid on a capital & interest or interest only basis.
Other Features: Available for advance stage payment releases. The Society is able to take a charge on a second property, the property must have sufficient equity to cover 50% of the requested loan amount (including the contingency fund).
Please note that we will consider the following:
- Guarantor mortgages (max 85% LTV)
- Self-employed applicants with only 1 year's accounts (Max 85% LTV)
- Joint borrower, sole proprietor