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Offset discounted SVR - 2 years Interest Only - Loans over £1m

For loans up to 75% of property value

Product nameOffset discounted SVR - 2 years Interest Only - Loans over £1m
Initial rate
2.59% (variable)
Initial rate expires on
31st March 2019
Rate thereafterOffset Variable Rate, currently
4.70%
Overall cost for comparison
4.7%
APRC
Arrangement fee
£1,999
Option to add arrangement fees to mortgageYes 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 FeesFor 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 value75%
Minimum loan amount£1 million
Early repayment chargeNone
Special offersRemortgage: Legal fees and valuation paid for remortgages only #
Overpayment permittedYes, 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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