Winner Best Local Building Society 2018
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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.

Professional Mortgages

THIS INFORMATION IS FOR USE BY AUTHORISED INTERMEDIARIES ONLY

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

PROFESSIONAL
Term
3 Year Discount
Variable Rate Interest-Only 2.49%
Followed by our variable reversion rate
4.19%
Available for
Purchase, Remortgage, Release of Equity
Repayment Type
Interest-Only
APRC Interest-Only
4.0%
Min/Max Mortgage
£75,000 - £3,500,000
Max Term
35 Years
Max LTV Interest-Only
75%
Arrangement Fee
By arrangement (Minimum £1,000)
Admin Fee
£100 (Refunded upon completion)
ERC's
2%
REPRESENTATIVE EXAMPLE
A Interest-Only mortgage of £245,430.00 payable over 17 years initially on a Discounted Variable Rate for 3 years at 2.49% and then on our Standard Variable Rate of 4.19% for the remaining 14 years would require 36 monthly payments of £509.27 and 168 monthly payments of £856.96

The total amount payable would be £411,248.00 made up of the loan amount plus interest (£162,303.00), an Arrangement Fee of £2,430.00, an Administration Fee of £100.00, a Valuation Fee of £500.00 (property value £610,000.00), 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 4.0% APRC

KEY FEATURES
  • We do not credit score, we offer a manual underwriting process and work with you every step of the way
  • Most UK based incomes considered
  • Applicants whose income comes from short term contracts will be considered subject to a proven track record of a minimum of one year.  Track records of less than one year will be considered if the applicants are contracting within an existing profession

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.