Important Notes:
- Where no ERC applies or the ERC period has expired, interest to the end of the month of redemption is payable on redemption, and unlimited overpayments can be made.
- Standard valuation only. Only available on one application per applicant. Maximum of £610 (property value up to £500,000).
- Please note, where separate interest rates apply for different Loan-to-Values (LTVs), a change in your valuation or loan required may mean you are ineligible for the rate you originally applied for. In this instance you will be advised of the change and asked if you still wish to proceed with your application.
- Fees payable at application or completion (whether paid up-front or added to the loan) are non-refundable.
- The 10% overpayment allowance is per annum and cannot be rolled over.
- Minimum Property Value £50,000.
Description of abbreviations
BoEBR = Bank of England Base Rate
The interest rate at which the Bank of England will lend to the UK banking sector.
ERC = Early Repayment Charge
A charge that you will incur if you pay off your loan in part or in full within a specified period.
LTV = Loan-to-Value
The amount of a mortgage loan expressed as a percentage of the value of the property against which the loan will be secured.
RSVR = Residential Standard Variable Rate
HLC = Higher Lending Charge