Winner of What Mortgage Awards 2015 to 2019
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YOUR  MORTGAGE WILL BE SECURED ON YOUR PROPERTY AND YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

MORTGAGE PRODUCTS ARE REGULATED BY THE FINANCIAL CONDUCT AUTHORITY EXCEPT SECOND/HOLIDAY HOME, BUY-TO-LET AND RESIDENTIAL DEVELOPMENT, WHERE THE BORROWER DOES NOT RESIDE ON SITE DURING THE DEVELOPMENT PERIOD.

THIS INFORMATION IS FOR USE BY AUTHORISED INTERMEDIARIES ONLY

Contact us: 01582 463133 | brokers@harpendenbs.co.uk

PREMIUM SELF-BUILD
Max Term 3 years
Variable Rate Interest-Only 4.39%
Available for Purchase, Re-Mortgage, Release of Equity:

New Builds, Conversions, Knock Downs, Re-Builds and Refurbishments

Repayment Type Interest-Only
APRC - Interest-Only 5.8%
Min/Max Mortgage £75,000 - £2,000,000
Max LTV Interest-only 75%
Arrangement fee By arrangement (Minimum £1,000)
Admin Fee £100 (Refunded upon completion)
ERC's None
Additional Requirements Projects should be professionally overseen.  Proposed developments must be within: London, Greater London, South East, South, South West and East Anglia
REPRESENTATIVE EXAMPLE

An Interest-Only mortgage of £306,000 payable over 2 years on a Variable Rate of 4.39% which is our Standard Variable Rate at 4.19% with a loading of 0.20%, this would require 24 monthly payments of £1,119.45

The total amount payable would be £340,101.80 made up of the loan amount plus interest (£26,866.80), an Arrangement Fee of £6,000.00, an Administration Fee of £100, a Valuation Fee of £650.00 (property value £900,000), Legal Fees of £360.00, a Redemption Fee of £75.00 and a Deeds Release Fee of £50.00

The overall cost for comparison is 5.8% APRC

KEY FEATURES
  • Higher LTV than our standard Self-Build product
  • Flexible draw down options
  • Up to a maximum of three properties being built, one of which to be subsequent main residence
  • No ERCs

Get in touch with our Mortgage Team

01582 463133 | brokers@harpendenbs.co.uk

YOUR  MORTGAGE WILL BE SECURED ON YOUR PROPERTY AND YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

MORTGAGE PRODUCTS ARE REGULATED BY THE FINANCIAL CONDUCT AUTHORITY EXCEPT SECOND/HOLIDAY HOME, BUY-TO-LET AND RESIDENTIAL DEVELOPMENT, WHERE THE BORROWER DOES NOT RESIDE ON SITE DURING THE DEVELOPMENT PERIOD.