3.34% 5 year fixed rate JMSO - XF0406

 

Remember For Later
Initial
Rate
Initial
Rate Ends
Follow On
Rate
Max.
LTV
Application
Fee
Product
Fee
Cashback on
Completion
Repayment Interest
Only
FTB
3.34% 31/01/2027 4.39% 80% £175* £999~ £500^ Yes No Yes
  • Purpose - Joint Mortgage Sole Owner applications for purchase, remortgage, product switch and further advance. Also available for product switch and further advance for existing guarantor mortgages.
  • LTV - 80%.
  • *Application Fee - £175 + Valuation Fee. 
  • Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. 
  • ~Product Fee - £999 for loans up to £500,000. 
  • ^Cashback - £500 for remortgage applications
  • Early Repayment Charges - 5% until 31/01/2023, 4% until 31/01/2024, 3% until 31/01/2025, 2% until 31/01/2026, 1% until 31/01/2027
  • Maximum loan - £500,000
  • Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches.
  • Cost for comparison - 4.1% APRC
  • Additional criteria - The mortgage must complete by 01/02/2022
DIP Request Illustration Request Contact your BDM Online Application Check affordability Criteria A-Z
Minimum Documents You'll Need From Your Client

All applicants

  • ID documents if the electronic check we carry out on all our applicants fails
  • Three full months most recent consecutive bank statements for all current accounts, to evidence all income and outgoings
  • Bank statements must show the applicant's name, account number, sort code & bank logo

Property or investment income applicant

  • Two years most recent SA302s

Employed applicant

  • Three months most recent payslips
  • Most recent P60

Self employed applicant

  • Two years most recent accounts or two years most recent SA302s / Tax Calculations (100% Completed) or FBS Accountants Certificate
  • Accountant’s details on the application form

Applicant is already retired or if the term goes beyond retirement or age 70

  • Most recent Pension Statement or letter from Department for Work and Pensions
  • Most recent annual Pension Statement
  • Most recent P60

Applicant renting current home

  • 12 months bank statements showing rent payments

Applicant already has a mortgage

  • We require proof of mortgage payments. We carry out an electronic credit check on all applicants which usually confirms this. However if this fails, we will need proof. This can be provided from 12 months bank statements, the latest mortgage statements, or a combination. To speed up our underwriting, you can provide these on submission

Applicant has background BTL(s)

  • Evidence of rent being paid in and mortgage being paid out (bank statements requested above may already cover this)

Applicants with purchase deposits

  • Evidence of deposit in an account held by the applicant(s)
  • For gifted deposits, we require evidence of the funds in a UK account and the giftors details (name, date of birth, relationship to applicants)
Fees for this product

Purchase and remortgage fees

  • *Application Fee - £175 + Valuation Fee. 
  • Valuation Fee - Free for properties up to £500,000. For properties over £500,000 the standard valuation fee scale applies, less £330 discount
  • ~Product Fee - £999 for loans up to £500,000.

Procuration fees for purchase and remortgage applications (gross fee paid)

  • Directly authorised brokers submitting business to us directly - 0.40%, min £180.00
  • Submitting a case via Mortgage Clubs - 0.42%, min £189.00 (Mortgage Clubs will deduct 0.02%)

Further advance fees

  • *Application Fee - £125
  • Valuation Fee - £0
  • ~Product Fee - £0
  • Legal Fees - £100 + disbursements

Procuration fees for further advances (gross fee paid)

  • Directly authorised brokers submitting business to us directly - 0.25%, min £5.00
  • Submitting a case via Mortgage Clubs - 0.27%, min £5.40 (Mortgage Clubs will deduct 0.02%)

Product switch fees

  • No fees apply to switch to a new product with us on the same terms.

Procuration fees for product switches (gross fee paid)

  • Directly authorised brokers submitting business to us directly - 0.20%, no min
  • Submitting a case via Mortgage Clubs - 0.22%, no min (Mortgage Clubs will deduct 0.02%)

For further fee information click here.

Criteria checker

Can we help your client? Use our tool to find out.
Simply type your criteria to see our levels of acceptance and flexibility.

Affordability Calculator

Find out how much your residential client may be able to borrow. To see affordability for a Buy to Let client, use our Buy to Let calculator