Mainstream:
- 4.99% fixed to 31/03/07 – 90% LTV to £475,000 loan size, 80% LTV to £1,000,000 loan size (purchase and remortgage).
- Funded by Woolwich (available in England, Wales, Scotland & Northern Ireland).
- Current account features. Overpay up to 10% per annum.
- Income multiples 4+1 or 3 x joint.
- £199 application fee includes one free basic valuation (up to a property value of £600,000). £500 application fee for properties up to £1,500,000 value. No application fee in Scotland – applicant to arrange their own valuation report.
- Without higher lending charge.
- Early repayment charge: 3% of the amount repaid during the fixed period.
- Procuration fee 0.25%.
Richard Stokes, Head of Product Development quotes: “We are happy to promote above average income multiples when fixed rates apply.”
Prime Buy-to-Let:
- 3.49% includes 3.01% discount for 1 year – 85% LTV purchase and remortgage.
- Funded by Mortgage Express (available in England, Wales, Scotland & Northern Ireland).
- Rental yield 130% based on an interest only figure at reversionary rate.
- 1 CCJ satisfied 12 months. Flexible payment options.
- Without higher lending charge.
- Early repayment charge: 5% of the amount repaid in the first 3 years.
- Procuration fee 0.5%.
Richard Stokes, Head of Product Development quotes: “This product is ideal for first time landlords as it eases cashflow in the first year.”
Lender Direct:
- 5.25%, BBR + 0.5% for 2 years – 75% LTV purchase and remortgage.
- Funded by BM Solutions (available in England, Wales, Scotland & Northern Ireland).
- Rapid Offer production.
- Early repayment charge: 5% of the amount repaid in year 1, 4% in year 2.
- Procuration fee 0.45% (£150 minimum, £4,750 maximum).
Richard Stokes, Head of Product Development quotes: “BM Solutions’ service proposition delivers
constantly in a timely fashion, making this product ideal for remortgages in and around the festive
period.”
