5.74% RIO 5 Year Fixed Rate to 30/09/2029 (XFZ022) - XFZ022
Initial Rate |
Initial Rate Ends |
Follow On Rate |
Max. LTV |
Application Fee |
Product Fee |
Cashback on Completion |
Repayment | Interest Only |
FTB |
---|---|---|---|---|---|---|---|---|---|
5.74% | 30/09/2029 | 8.44% | 50% | £175* | £999~ | £500^ | No | Yes | No |
- Purpose - RIO applications for purchase, remortgage, product switch and additional borrowing
- LTV - Maximum 50%.
- Fixed Rate end date - 30/09/2029
- *Application Fee - £175 + Valuation Fee for purchase and remortgage. (£125 for further advance, £0 for switch)
- Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. (£0 for further advance and switch)
- ~Product Fee - £999 for loans up to £500,000. For loans above £500,000 0.3% of the loan amount. (£0 for further advance and switch)
- ^Cashback - £500 for remortgage applications.
- Early Repayment Charges - 5% until 30/09/2025, 4% until 30/09/2026, 3% until 30/09/2027, 2% until 30/09/2028, 1% until 30/09/2029
- Overpayments - 10% per year allowed Early Repayment Charges free
- Maximum loan - No maximum. Loans above £500,000 should be referred to us for specific agreement before submission of an application
- Minimum loan - £45,000 for purchase and remortgage. £2,000 for further advance. No minimum for product switches.
- Cost for comparison - 7.5% APRC
- Additional criteria - Borrowers are required to nominate a Registered Contact when they apply
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