5.50% OO Tracker Rate for Term HNW Interest Roll-Up (1.75% above the BOE Bank Rate) (XTD001) - XTD001

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Initial
Rate		 Initial
Rate Duration		 Follow On
Rate		 Max.
LTV		 Application
Fee		 Product
Fee		 Cashback on
Completion		 Repayment
or Interest-Only?		 FTB
5.5% 7.54% 65% £175* 1.00%~ £0 Interest-Only No
  • Purpose - Purchase and Remortgage
  • Difference from Bank Rate - 1.75% above the Bank of England Bank Rate, which is currently 3.75%, for the duration of the mortgage term
  • Minimum Rate - 3.75%
  • Loan to Value - Maximum 65% projected at end of the mortgage term
  • *Application Fee - £175 + Valuation Fee
  • Valuation Fees - The standard valuation fee scale applies
  • ~Product Fee - 1% of the loan amount
  • Early Repayment Charges - 2% in the first year, 1% in the second year
  • Maximum Loan - Our Interest Roll-Up solution is available up to a maximum of £12,500,000. For loans of £4,500,000 or more, specific considerations in relation to the risk profile may be necessary and may require an amendment to the product pricing to account for this. We will consider this in our response to the DIP request
  • Minimum Loan - £1,000,000
  • Cost for comparison - 5.9% APRC
  • Additional criteria - Clients must either have an annual net income of no less than £300,000, or have net assets of no less than £3,000,000. For joint applications, only one applicant needs to met this High Net Worth (HNW) requirement. HNW status must be evidenced and verified as part of the underwriting process. Applications not available online via our Mortgage Hub, and must be submitted by application form.
Criteria A-Z Check affordability Contact your BDM
Minimum Documents You'll Need From Your Client

Identification

  • ID documents if the electronic check we carry out on all our applicants fails

Assets & Net Worth Evidence

  • Recent bank and savings account statements
  • Investment portfolio statements (ISA, GIA, bonds, shares, funds). Up to date statements from the providers showing investment fund values and the type of funds that have been invested in. The statement should clearly show who the account / policy holder is.
  • Pension valuation statements
  • Property portfolio schedule and/or property valuations
  • Mortgage statements for existing borrowing
  • Documentation evidencing ownership and value of business interests
  • Evidence of significant personal chattels (e.g. fine art, jewellery, luxury vehicles, collectibles, yachts or other high-value assets)
  • Trust documentation and asset valuations (where applicable)
  • Latest SA302s and Tax Year Overviews (where applicable)
  • Payslips and P60
  • Company accounts and accountant’s reference
  • Dividend vouchers
  • Rental income statements
  • APT - Assured periodic tenancies

Exit Strategy Evidence

Please provide evidence supporting the proposed repayment strategy for the roll-up mortgage, such as:

  • Sale of a property or other asset
  • Investment portfolio realisation
  • Pension lump sum entitlement
  • Business sale or liquidity event
  • Inheritance or trust distribution (where appropriate)
  • Downsizing plans
  • Other identifiable source of repayment

Supporting documentation may include valuations, investment statements, pension projections, trust documents, legal agreements, accountant confirmations, or any other evidence demonstrating the viability of the proposed exit strategy.

Fees for this product

Purchase and Remortgage fees

  • Application Fee - £175 + Valuation Fee
  • Valuation Fees - The standard valuation fee scale applies
  • ~Product Fee - 1% of the loan amount.

Procuration Fees (gross fee paid)

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