For loans up to 75% of property value
Product name | Offset discounted SVR - 2 years Interest Only - Loans over £1m |
Initial rate | 2.59% (variable) |
Initial rate expires on | 31st March 2019 |
Rate thereafter | Offset Variable Rate, currently 4.70% |
Overall cost for comparison | 4.7% APRC |
Arrangement fee | £1,999 |
Option to add arrangement fees to mortgage | Yes the arrangement fee can be added to the loan, provided the total borrowing does not exceed the maximum LTV for the product type |
Legal and Valuation Fees | For more information visit Valuation Fees page |
Eligibility | Available for purchase and remortgage, new applications and product transfer. Applicants must be aged 18 or over. All loans are subject to status. Security will be required |
Maximum loan amount | £1.5 million |
Maximum loan to value | 75% |
Minimum loan amount | £1 million |
Early repayment charge | None |
Special offers | Remortgage: Legal fees and valuation paid for remortgages only # |
Overpayment permitted | Yes, without penalty |
How to apply |
# The switching package is only available to applicants moving their mortgage from another lender. If the property is unencumbered, a free valuation is available. Optima Legal Services will charge a funds transfer fee of £42 to applicants who use the switching package. Further information on valuation fees.
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