Mortgage Product
Joint Borrower Sole Proprietor (JBSP)
Rates effective from: 30/10/2023
Mortgage Product
Rates effective from: 30/10/2023
5.65%
Term
6.20%
90%
5.8%
£100
None
Apply if more than 10% of the outstanding balance is repaid each year.
A mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.65% for term would require 300 monthly payments of £1,1251.54. The total amount payable would be £337,227 made up of the loan amount plus interest (£157,227) a valuation fee of £490, a funds transfer fee of £30, estimated solicitor’s fees of £145 and an application fee of £100. The overall cost for comparison is 5.8% APRC representative.
0.55% discount off The Stafford’s Standard Variable Rate (SVR) currently 6.20% for term giving a current variable rate of 5.65%
The interest rate on this product will not drop below 1.50%
Movers, Purchase, Remortgage
£50,000
Up to 80% LTV – £660,000 / 80% to 85% LTV – £350,000 / 85% to 90% LTV – £300,000
Apply if more than 10% of the outstanding balance is repaid each year.
100
None
Fee Applicable (see valuation fees)
£100,000
5 years
Varies according to age
Interest Only and Repayment
18
85 (subject to proof of pension income post age 75 or declared retirement age, whichever is sooner)
None
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE