5.09% Family Mortgage 5 Year Fixed Rate to 31/10/2029 (XF0803) - XF0803
The Family Mortgage brings wider family assets such as savings and property as security into the mortgage calculation, allowing the buyer to benefit from a fair and reasonable rate that may not be available from other lenders when faced with a 95% LTV.
Initial Rate |
Initial Rate Ends |
Follow On Rate |
Max. LTV |
Application Fee |
Product Fee |
Cashback on Completion |
Repayment | Interest Only |
FTB |
---|---|---|---|---|---|---|---|---|---|
5.09% | 31/10/2029 | 8.44% | 95% | £175* | £599~ | £250^ | Yes | No | Yes |
- Purpose - Family Mortgage applications for purchase, product switch and further advance
- LTV - Maximum 95%. For applications above 75% LTV additional security is required. Additional offsetting feature is available.
- Security options available - Security Account, Security Through Property, Offset Account
- Fixed rate end date - 31/10/2029
- *Application Fee - £175 + Valuation Fee. (£125 for further advance. £0 for product switch)
- Legal Fee - £100 minimum for further advances
- Valuation Fees - Free for properties up to £500,000. For properties above £500,000 the standard valuation fee scale applies, less £330 discount. (£0 for further advance. £0 for product switch)
- ~Product Fee - £599 for loans up to £500,000. (£0 for further advance. £0 for product switch)
- ^Cashback - £250 for purchase applications
- Early Repayment Charges - 5% until 31/10/2025, 4% until 31/10/2026, 3% until 31/10/2027, 2% until 31/10/2028, 1% until 31/10/2029
- Maximum loan - £500,000
- Minimum loan - £45,000 for purchase applications. £2,000 for further advance. No minimum for product switches
- Cost for comparison - 7.4%
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