We have launched a number of new 2 year and 5 year fixed rate cashback mortgage deals into our core range for first-time buyers and these will be replacing our current first time buyer exclusive deals. These new deals will all feature a £500 cashback payment that the customer will receive on completion of their mortgage. To be eligible for one of these deals only one of the applicants is required to be a first-time buyer. The deals are as follows…
New first time buyer 2 year fixed rates with £500 cashback
- 80% LTV 2.72% (APRC 3.9%, SVR 4.0%), £0 product fee [FO13055]
- 85% LTV 2.87% (APRC 3.9%, SVR 4.0%), £0 product fee [FO13056]
- 90% LTV 2.97% (APRC 3.9%, SVR 4.0%), £0 product fee [FO13057]
New first time buyer 5 year fixed rates with £500 cashback
- 80% LTV 3.54% (APRC 3.9%, SVR 4.0%), £0 product fee [FO13058]
- 85% LTV 3.57% (APRC 3.9%, SVR 4.0%), £0 product fee [FO13059]
- 90% LTV 3.88% (APRC 4.0%, SVR 4.0%), £0 product fee [FO13060]
Existing first time buyer exclusive deals being removed tonight
- 80% LTV 2 year 2.63%, (APRC 3.8%, SVR 4.0%), £0 product fee [FO12933]
- 90% LTV 2 year 2.81%, (APRC 3.9%, SVR 4.0%), £0 product fee [FO12934]
- 90% LTV 5 year 3.53%, (APRC 3.9%, SVR 4.0%), £0 product fee [FO12999]
Overpayments of up to 10% of the outstanding balance per annum are allowed during the initial deal period.
Early repayment charges: 2 year fixed rate: 2% until 30 November 2017, 1% until 30 November 2018
5 year fixed rate: 5% until 30 November 2017, 4% until 30 November 2018, 3% until 30 November 2019, 2% until 30 November 2020, 1% until 30 November 2021
Minimum loan amounts: £25,000
For a complete listing of all our mortgage products, please visit the product page on our web site.
