Mortgage Houses

75% LTV - Variable Mortgage

Mortgage
Type
Initial
Rate
Term Standard
Variable
Rate
Maximum
Loan
to Value
Overall Cost
for Comparison
(APRC)
Application
Fee
Arrangement
Fee
Early
Repayment
Charge
75% LTV - Variable Mortgage 2.95% (Variable) Term 2.95% (Variable) 75% 3.10% APRC 0.5% 0.5% No

Product Details

Starting Rate 2.95% variable (Stafford Railway’s Standard Variable Rate SVR) for the term
The overall cost for the comparison 3.10% APRC
Discount Period N/A
Minimum Interest Rate The interest rate on this product will not drop below 1.00%
Maximum LTV 75%
Available for
Capital Raising
Movers
Purchase
Remortgage
Minimum Loan £50,000
Maximum Loan £500,000
Early Repayment Charges None
Application Fee 0.5%
Arrangement Fee 0.5%
Basic Valuation Fee Fee applicable (See valuation fees)
Minimum Property Value £100,000
Minimum Term 5 Years
Maximum Term 40 years
Repayment Type
Interest Only
Repayment
Minimum Age 18
Maximum Age at Term End 85 (Mortgage must be finished by the oldest applicants 85th birthday)
Geographical Restrictions We will lend throughout England and Wales only
Incentives None
Representative example (correct as of 04/07/2019) A mortgage of £250,000 payable over 17 years on a pay rate of 2.95% on our Standard Variable Rate (SVR) currently for term would require 204 monthly payments of £1,559.83. The total amount payable would be £321,200.32 made up of the loan amount plus interest (£71,200.32), a valuation fee of £325, a funds transfer fee of £25, estimated solicitors fees of £145, an application fee of £1,250 and an arrangement fee of £1,250. The overall cost for comparison is 3.10% APRC representative.

Notes

  • This mortgage summary should be read in conjunction with the Terms and Conditions.

All rates accurate as of 01/06/2020

Other general mortgage information