5.99% Family Mortgage 5 Year Fixed Rate to 31/08/2031 (XF1260) - XF1260

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Initial Rate	Initial Rate Ends	Follow On Rate	Max. LTV	Application Fee	Product Fee	Cashback on Completion	Repayment	Interest Only	FTB
5.99%	31/08/2031	7.54%	100%	£0*	£0~	£250^	Yes	No	Yes

Purpose - Family Mortgage purchase applications
Loan to Value - Maximum 100%
Security options available - Security through Savings (in our Family Security Account), or Security Through Property. The total of all security provided, plus any deposit, must be equal to 20% of the value of the property being purchased.
Fixed Rate end date - 31/08/2031
*Application Fee - £0
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 - None
^Cashback - £250 for purchase applications
Early Repayment Charges - 5% until 31/08/2027, 4% until 31/08/2028, 3% until 31/08/2029, 2% until 31/08/2030, 1% until 31/08/2031
Maximum Loan - £750,000
Minimum Loan - £45,000 for Puchase applications
Cost for comparison - 7.2% APRC.

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 (please note for Land & Property income we will deduct finance costs)
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.

Employed applicant

Self employed applicant

Limited Company / Partnership income: Two years most recent accounts and two years most recent SA302s / Tax Calculations (100% Completed) or Family Building Society Accountant's Certificate
Sole Trader: Most recent two years’ SA302s plus Tax Year Overviews if non-HMRC SA302s
Accountant's details on the application form.

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

Applicant is renting current home

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 fees

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 - None.

Procuration Fees (gross fee paid)

For all types of procuration fees paid and for further fee information, please visit our Intermediary fees and procuration fees page.

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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