6.04% Offset (2.25% discounted rate from follow on rate) for 2 years (XO0071) - XO0071 (EB)
Initial Rate |
Initial Rate Duration |
Follow On Rate |
Max. LTV |
Application Fee |
Product Fee |
Cashback on Completion |
Repayment | Interest Only |
FTB |
---|---|---|---|---|---|---|---|---|---|
6.04% | 2 years | 8.29% | 60% | £125* | £0~ | £0 | Yes | No | No |
- Purpose - Offset applications for Product Switch and Further Advance
- Options Available - Payment reduction or Balance reduction
- Discount - 2.25% applied to our Managed Flexi Mortgage Rate for 2 years
- Minimum Rate - 3.79%
- Loan to Value - 60%
- *Application Fee - £125 for Further Advance. £0 for Product Switches
- Legal Fees - £100 minimum for Further Advance applications
- Valuation Fees - £0
- ~Product Fee - £0 for Further Advance and Product Switch
- ^Cashback - £0
- Early Repayment Charges - 2% in the first year, 1% in the second year
- Maximum Loan - No maximum
- Minimum Loan - £2,000 for further advance. No minimum for product switches
- Cost for comparison - 7.8% APRC
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