We’ve introduced a NEW short-term mortgage product

Our NEW short-term mortgage product features in our Residential range and offers an alternative to a bridging loan. Ideal for clients who require a mortgage but haven’t sold their current property first and can be taken up to 2 years with no Early Repayment Charges.

Product overview:

  • Discount rate of 5.24%;
  • Booking fee £299, Arrangement fee £1,200 (can be added to mortgage);
  • Available on Interest Only up to 60% LTV;
  • Maximum 2 year term;
  • Clients can walk away from the mortgage, with no ERCs;
  • Available for purchase or remortgage;
  • Legal assist for remortgage cases.

“We were finding that many intermediaries looking for options for their clients who are in the process of buying and potentially need a short-term mortgage. This is a new product that we’re trialing in the market and welcome feedback from brokers and their clients.” – Steve Robinson, Head of Lending

Find out more

Get in touch…

If you have a particular case in mind and would like to speak to a member of our team for more information, please get in touch on 01282 440583