Here’s a recap of our residential mortgage products to see how we can provide specialist lending solutions to your self-employed customers.
- Up to 75% LTV for purchase and remortgage;
- Available in England, Wales and Scotland;
- We’ll consider applications with only 1 year’s accounts or Tax Calculation;
- Available for customers with less-than-perfect credit profiles:
- Defaults/CCJs: 0 in 24 months
- Missed mortgage/secured loan arrears: 0 in 12 months, 1 in 36 months (worst status)
- Unsecured arrears: Not counted but may affect customer’s credit score
Product details
| Product type | 2 year fixed | 5 year fixed |
|---|---|---|
| LTV | 75% | 75% |
| Rate | 3.49% | 3.59% |
| Product fee | £995 | £995 |
| Reversion rate | BBR + 4.90% | BBR + 4.90% |
| Loan size | Minimum loan: £25,001 Maximum loan: £1m to 70% £750k to 75% | Minimum loan: £25,001 Maximum loan: £1m to 70% £750k to 75% |
| ERC | 4% in year 1, 3% in year 2 | 4% in years 1 and 2, 3% in years 3 and 4, 2% in year 5 |
