Agricultural Restriction |
If there is an agricultural restriction on a property then occupancy will be restricted to people whose main occupation is in some form of agriculture, such as farming or forestry. This can be either on an employed or self-employed basis and can also apply to those previously in this type of occupation. It is important that you carefully check the terms of the agricultural restriction before making your application. |
| Key features of this mortgage |
| Minimum loan: | £25,001 |
| Maximum loan: | £500,000 |
| Value of property: | Not less than £100,000 |
| Max Loan to Value: | 75% of the property value |
| Current variable rate: | 7.19% * |
| Overall cost for comparison: | 7.60% APR * |
| Portable: | Yes |
| Ages: | Min 18 - no maximum |
| Income capacity: | Based on affordability |
| Valuation fee: | Details on request |
| Property location: | England and Wales |
| Repayment methods: | Repayment, interest-only, part & part |
| Employment categories: | Farming, forestry, horticulture, equestrian, etc. |
| Arrangement fee: | £200 payable on completion |
| Administration Fee: | £25 |
| Available for new purchase: | Yes |
| Available for remortgage: | Yes |
| Early repayment charge: | For the first 3 years |
| Deeds Release fee: | £50 |
| Redemption fee: | £75 |
* The actual rate payable will depend upon your individual circumstances, please ask for a personalised illustration.
Agricultural restriction mortgages are usually regulated by the Financial Services Authority (FSA). Follow this link for information regarding Mortgage Regulation.
To discuss your requirements, either complete our on-line Enquiry form or telephone our Mortgage Department on 01582 765411.
Building insurance cover is required and can be arranged by the Society.
Your home may be repossessed if you do not keep up repayments on your mortgage
The Society is authorised and regulated by the
Financial Services Authority