Date Printed: 16 October 2024
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Mortgage Products | Term | Initial Rate1 | Overall Cost for Comparison2 | MAX LTV3 | Early Repayment Change | Product Fees | See Representative Example | |||||||||||
Credit Repair (2) |
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Last Updated:12 January 2024
Versatility Credit Repair – 2 Year Fixed Rate – RCX001
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Term:2 years |
Initial Rate1:7.99% |
Overall Cost for Comparison2:9.1% APRC |
MAX LTV3:70% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Last Updated:12 January 2024
Versatility Credit Repair – 2 Year Discounted Variable Rate – RCV001
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Term:2 years |
Initial Rate1:7.49% variable |
Overall Cost for Comparison2:8.7% APRC |
MAX LTV3:70% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Expat Buy to Let (2) |
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Last Updated:28 December 2023
Expat Holiday Buy to Let 2 Year Discounted Variable Rate – DIB079
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Term:2 years |
Initial Rate1:6.39% variable |
Overall Cost for Comparison2:8.6% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
Expat Buy to Let 2 Year Discounted Variable Rate – DIB076
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Term:2 years |
Initial Rate1:5.89% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Family Buy to Let (2) |
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Last Updated:12 January 2024
Family Buy to Let 2 Year Discounted Variable Rate – DIB083
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Term:2 years |
Initial Rate1:6.19% variable |
Overall Cost for Comparison2:8.6% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £999 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:12 January 2024
Family Buy to Let Fixed Rate until 13 April 2029 – XIB055
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Term:Fixed until 13 April 2029 |
Initial Rate1:5.99% |
Overall Cost for Comparison2:8.0% APRC |
MAX LTV3:75% |
Early Repayment Change:3% until 13 April 2027, then 2% until 13 April 2028 and then 1% until 13 April 2029 |
Product Fees:£199 application fee, £999 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Holiday Lets (2) |
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Last Updated:14 February 2024
2 Year Discounted Variable Rate Limited Company Holiday Buy to Let – DIB084
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Term:2 years |
Initial Rate1:6.45% variable |
Overall Cost for Comparison2:8.7% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, £1,499 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
2 Year Discounted Variable Rate Holiday Buy to Let – DIB078
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Term:2 years |
Initial Rate1:6.29% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Residential Purchase (8) |
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Last Updated:25 June 2024
House Purchase Only Fixed Rate until 13 April 2029 – DIX265
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Term:Fixed until 13 April 2029 |
Initial Rate1:5.79% |
Overall Cost for Comparison2:6.8% APRC |
MAX LTV3:Up to 95% LTV |
Early Repayment Change:3% until 13 April 2027, 2% until 13 April 2028, 1% until 13 April 2029 |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Last Updated:24 January 2024
House Purchase Only 2 Year Fixed Rate – DIX264
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Term:2 years |
Initial Rate1:6.29% |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:Over 90% and up to 95% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Last Updated:24 January 2024
2 Year Fixed Rate – DIX263
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Term:2 years |
Initial Rate1:5.89% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:Over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:24 January 2024
2 Year Fixed Rate – DIX262
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Term:2 years |
Initial Rate1:5.59% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate House Purchase Only – DID167
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Term:2 years |
Initial Rate1:6.65% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 90% and up to 95% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID169
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Term:2 years |
Initial Rate1:5.65% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID166
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Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
2 Year Discounted Variable Rate – DID168
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Term:2 years |
Initial Rate1:5.53% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:75% (70% for loans over £750,000 and under £1m) |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 0.50% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Residential Remortgages (5) |
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Last Updated:24 January 2024
2 Year Fixed Rate – DIX263
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Term:2 years |
Initial Rate1:5.89% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:Over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:24 January 2024
2 Year Fixed Rate – DIX262
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Term:2 years |
Initial Rate1:5.59% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID169
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Term:2 years |
Initial Rate1:5.65% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
2 Year Discounted Variable Rate – DID166
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Term:2 years |
Initial Rate1:6.25% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:over 80% and up to 90% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
2 Year Discounted Variable Rate – DID168
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Term:2 years |
Initial Rate1:5.53% variable |
Overall Cost for Comparison2:7.1% APRC |
MAX LTV3:75% (70% for loans over £750,000 and under £1m) |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 0.50% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Shared Ownership (2) |
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Last Updated:9 February 2024
Shared Ownership Fixed Rate until 13 April 2029 – SX-032
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Term:Until 13 April 2029 |
Initial Rate1:5.43% |
Overall Cost for Comparison2:6.8% APRC |
MAX LTV3:95% of the share being purchased, 75% property value |
Early Repayment Change:3% until 13 April 2027, 2% until 13 April 2028, 1% until 2029 |
Product Fees:None |
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Representative Example:A mortgage of £81,000.00 payable over 35 years initially on a fixed rate of 5.43% until 13 April 2029 then on our follow-on rate of a 1.74% discount off our standard variable rate (currently 8.89%) giving a rate of 7.15% variable for the remaining 29 years 10 months would require 61 monthly payments of £431.62 and 358 monthly payments of £518.09; plus one initial interest payment of £348.50. The total amount payable would be £212,653.54 made up of the loan amount, plus interest and fee(s) totalling £131,653.54. This includes Legal Fees (£350), Chaps Fee (£25) and Redemption Administration Fee (£125). The overall cost for comparison is 6.8% APRC representative.
A representative example is designed to help understanding of the typical cost of this mortgage. This is not an illustration and is only provided as an example. |
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Last Updated:9 February 2024
Shared Ownership 2 Year Fixed Rate – SX-031
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Term:2 years |
Initial Rate1:5.99% |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:95% of the share being purchased, 75% property value |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:None |
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Representative Example:A mortgage of £81,000.00 payable over 35 years initially on a fixed rate of 5.99% for 2 years then on our follow-on rate of a 1.74% discount off our standard variable rate (currently 8.89%) giving a rate of 7.15% variable for the remaining 33 years would require 23 monthly payments of £461.63 and 396 monthly payments of £524.33; plus one initial interest payment of £384.44. The total amount payable would be £219,136.61 made up of the loan amount, plus interest and fee(s) totalling £138,136.61. This includes Legal Fees (£350), Chaps Fee (£25) and Redemption Administration Fee (£125). The overall cost for comparison is 7.2% APRC representative.
A representative example is designed to help understanding of the typical cost of this mortgage. This is not an illustration and is only provided as an example. |
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Standard Buy to Let (6) |
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Last Updated:12 January 2024
Family Buy to Let 2 Year Discounted Variable Rate – DIB083
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Term:2 years |
Initial Rate1:6.19% variable |
Overall Cost for Comparison2:8.6% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £999 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:12 January 2024
Family Buy to Let Fixed Rate until 13 April 2029 – XIB055
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Term:Fixed until 13 April 2029 |
Initial Rate1:5.99% |
Overall Cost for Comparison2:8.0% APRC |
MAX LTV3:75% |
Early Repayment Change:3% until 13 April 2027, then 2% until 13 April 2028 and then 1% until 13 April 2029 |
Product Fees:£199 application fee, £999 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
Light Refurb Buy to Let 2 Year Discounted Variable Rate – DIB081
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Term:2 years |
Initial Rate1:6.39% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
2 Year Discounted Variable Rate Buy to Let – DIB073
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Term:2 years |
Initial Rate1:5.79% variable |
Overall Cost for Comparison2:8.7% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
Expat Buy to Let 2 Year Discounted Variable Rate – DIB076
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Term:2 years |
Initial Rate1:5.89% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, 1% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:28 December 2023
2 Year Discounted Variable Rate Limited Company Buy to Let – DIB071
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Term:2 years |
Initial Rate1:5.19% variable |
Overall Cost for Comparison2:8.8% APRC |
MAX LTV3:75% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, 2.50% completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Versatility (8) |
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Last Updated:24 January 2024
Versatility Plus – 2 Year Fixed Rate – CPXV13
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Term:2 years |
Initial Rate1:6.99% |
Overall Cost for Comparison2:7.5% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:24 January 2024
Versatility – 2 Year Fixed Rate – MPXV13
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Term:2 years |
Initial Rate1:6.99% |
Overall Cost for Comparison2:7.4% APRC |
MAX LTV3:Over 80% and up to 85% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:25 January 2024
Versatility – 2 Year Fixed Rate – MPXV12
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Term:2 years |
Initial Rate1:6.79% |
Overall Cost for Comparison2:7.5% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:12 January 2024
Versatility Credit Repair – 2 Year Fixed Rate – RCX001
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Term:2 years |
Initial Rate1:7.99% |
Overall Cost for Comparison2:9.1% APRC |
MAX LTV3:70% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Last Updated:12 January 2024
Versatility Credit Repair – 2 Year Discounted Variable Rate – RCV001
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Term:2 years |
Initial Rate1:7.49% variable |
Overall Cost for Comparison2:8.7% APRC |
MAX LTV3:70% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, No Completion Fee |
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Representative Example:
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Last Updated:4 December 2023
Versatility – 2 Year Discounted Variable Rate – MPDV13
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Term:2 years |
Initial Rate1:6.39% variable |
Overall Cost for Comparison2:7.2% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in year one, followed by 1% in year two |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
Versatility – 2 Year Discounted Variable Rate – MPDV12
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Term:2 years |
Initial Rate1:6.89% variable |
Overall Cost for Comparison2:7.4% APRC |
MAX LTV3:Over 80% and up to 85% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 application fee, £800 completion fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Last Updated:4 December 2023
Versatility Plus – 2 Year Discounted Variable Rate – CPDV15
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Term:2 years |
Initial Rate1:6.65% variable |
Overall Cost for Comparison2:7.3% APRC |
MAX LTV3:80% |
Early Repayment Change:2% in Year 1, 1% in Year 2 |
Product Fees:£199 Application Fee, £800 Completion Fee |
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Representative Example:
A £1,000 Completion Fee added to the loan amount would increase in value over the term of the mortgage and an illustrative example is provided below based on a static rate over a 10, 15 or 25 year term.
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Definitions
1. Initial Rate
The Initial Rate is the rate available during the initial term of the mortgage. Once the initial rate term has expired, the mortgage will either revert to our Standard Variable Rate (SVR), or a follow-on rate that is a discount off our SVR. Our SVR is set by us and is currently 8.64%, as a variable rate it may go up or down. Our follow-on rate is 1.74% below our SVR (currently 6.90% variable) and will go up or down with changes to our SVR.2. Overall Cost for Comparison
The Overall Cost for Comparison is given as the Annual Percentage Rate of Charge (APRC) and includes all charges incurred relating to the mortgage. The APRC is intended to help you as a borrower compare the interest rates on different products.3. Max LTV
Like all other mortgage lenders, we will allow you to borrow against a proportion of the overall property value. This is known as Loan to Value (LTV) and is expressed as a percentage. For example, if you want to purchase a property at £100,000 and you would like to borrow £85,000, then you will need a mortgage available at 85% Loan to Value (LTV). The available LTV can vary depending upon the type of mortgage. Shared Ownership mortgages will offer two percentages under LTV - the proportion of the property value and the proportion of the share being purchased.Our intermediaries website is for use by authorised intermediaries only.
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