OKAY, RESIDENTIAL PRODUCTS IT IS

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OKAY, RESIDENTIAL PRODUCTS IT IS

LIBOR

LIBOR is 0.63%, effective from 12/06/18. Rates are based off 3-month LIBOR, rounded up to two decimal places.

Standard residential product rates

LTV Mortgage Type TML1 TML2 TML3
70% 2 year fixed

2.89%

3.49%

4.85%

5 year fixed

3.35%

3.95%

4.99%

2 year tracker

2.98%

3.58%

4.92%

75% 2 year fixed

2.99%

3.75%

5.05%

5 year fixed

3.39%

4.35%

5.29%

2 year tracker

3.18%

3.88%

5.28%

80% 2 year fixed

3.19%

3.99%

-

5 year fixed

3.79%

4.55%

-

2 year tracker

3.48%

4.12%

-

85% 2 year fixed

3.59%

4.19%

-

5 year fixed

3.95%

4.85%

-

2 year tracker

3.78%

4.42%

-

Completion fee

£1,195.00

£1,195.00

£1,695.00

Revert rate

LIBOR +4.50%

LIBOR +4.50%

LIBOR +5.00%

TML1
LTV
70% LTV
Type Rate
2 year fixed

2.89%

5 year fixed

3.35%

2 year tracker

3.06%

Completion fee

£1,195

Revert rate

LIBOR +4.50%

Cashback residential product rates

LTV Mortgage type TML1 TML2 TML3
70% 2 year fixed

3.39%

3.99%

5.35%

5 year fixed

3.85%

4.45%

5.49%

75% 2 year fixed

3.49%

4.25%

5.55%

5 year fixed

3.89%

4.85%

5.79%

80% 2 year fixed

3.69%

4.49%

-

5 year fixed

4.29%

5.05%

-

85% 2 year fixed

4.09%

4.69%

-

5 year fixed

4.45%

5.35%

-

Completion fee £799 £799 £799
Revert rate LIBOR +4.50% LIBOR +4.50% LIBOR +5.00%
LTV Mortgage Type TML1
70% 2 year fixed

3.39%

5 year fixed

3.85%

75% 2 year fixed

3.49%

5 year fixed

3.89%

80% 2 year fixed

3.69%

5 year fixed

4.29%

85% 2 year fixed

4.09%

5 year fixed

4.45%

Completion fee £799
Revert rate LIBOR +4.50%
LTV Mortgage Type TML2
70% 2 year fixed

3.99%

5 year fixed

4.45%

75% 2 year fixed

4.25%

5 year fixed

4.85%

80% 2 year fixed

4.49%

5 year fixed

5.05%

85% 2 year fixed

4.69%

5 year fixed

5.35%

Completion fee £799
Revert rate LIBOR +4.50%
LTV Mortgage Type TML3
70% 2 year fixed

5.35%

5 year fixed

5.49%

75% 2 year fixed

5.55%

5 year fixed

5.79%

80% 2 year fixed

-

5 year fixed

-

85% 2 year fixed

-

5 year fixed

-

Completion fee £799
Revert rate LIBOR +5.50%

Cashback will be paid to the bank account details provided for Direct Debit payments.

Valuation refunds will be paid to the original payment method provided.

Payments will be made within 14 days following the mortgage completion.

Cashback

2 year fixed £750
5 year fixed £750
Payable By bank transfer

Cashback additional product features

Application Fee £0
Telegraphic Tranfer Fee £0
Valuation Fee Refunded

*Minimum loan for cashback is £100,000.

Criteria

Criteria TML1 TML2 TML3
CCJs

0 in 36 months

<£1000 in 36 months

0 in 3 months
2 in 24 months
Max £1500 in 12 months
Max £3000 in 36 months

Secured Arrears

0 in 24 months

2 in 24 months

2 in 12 months
3 in 24 months

Secured Defaults

0 in 24 months

0 in 24 months

0 in 24 months

Unsecured Arrears

0 in 24 months

4 in 24 months

6 in 24 months

Unsecured Defaults

0 in 24 months

0 in 6 months
1 in 24 months
Max £1500 in 12 months

0 in 6 months
3 in 24 months
Max £1500 in 12 months

Criteria TML1
CCJs

0 in 36 months

Secured Arrears

0 in 24 months

Secured Defaults

0 in 24 months

Unsecured Arrears

0 in 24 months

Unsecured Defaults

0 in 24 months

Criteria TML2
CCJs

<£1000 in 36 months

Secured Arrears

2 in 24 months

Secured Defaults

0 in 24 months

Unsecured Arrears

4 in 24 months

Unsecured Defaults

0 in 6 months
1 in 24 months
Max £1500 in 12 months

Criteria TML3
CCJs

0 in 3 months
2 in 24 months
Max £1500 in 12 months
Max £3000 in 36 months

Secured Arrears

2 in 12 months
3 in 24 months

Secured Defaults

0 in 24 months

Unsecured Arrears

6 in 24 months

Unsecured Defaults

0 in 6 months
3 in 24 months
Max £1500 in 12 months

Credit score will not be used to determine product rate.

Arrears are assessed on a worst status basis. Applicants must have no missed payments on secured arrears in the most recent 6 months.

Payday loans must be satisfied 12 months prior to completion.

Bankruptcy and IVA acceptable on TML2. Bankruptcy and IVA must be discharged/satisfied for a minimum of 36 months. Applicant must have maintained a clean profile in the most recent 36 months.

Fees

Fee type Purchase and Remortgage
Completion Fee £799 - £1,695
Application Fee £150 application fee waived until further notice
Standard Legal Fee Variable
Telegraphic Transfer Fee up to £30
Valuation Fee Variable

Other fees and charges may apply. Please refer to the Residential Tariff of Charges.

ERCS

Year 2 year products 5 year products
1 3% 5%
2 2% 4%
3 - 3%
4 - 2%
5 - 1%

All products are available for purchase or remortgage. All mortgages are on a capital and interest basis.

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