Mortgage Houses

90% LTV - Variable

Mortgage
Type
Initial
Rate
Term Standard
Variable
Rate
Maximum
Loan
to Value
Overall Cost
for Comparison
(APRC)
Application
Fee
Arrangement
Fee
Early
Repayment
Charge
90% LTV - Variable 6.20% Term 90% 6.4% APRC £0 £0 No

Product Details

Starting Rate 6.20% variable (Stafford Railway’s Standard Variable Rate SVR) for the term
The overall cost for the comparison 6.4% APRC
Discount Period N/A
Minimum Interest Rate The interest rate on this product will not drop below 1.00%
Maximum LTV 90%
Available for
Capital Raising
Movers
Purchase
Remortgage
Minimum Loan £50,000
Maximum Loan Up to 80% LTV - £500,000 / 80% to 85% LTV - £350,000 / 85% to 90% LTV - £300,000
Early Repayment Charges None
Application Fee £0
Arrangement Fee £0
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 95 (Mortgage must be finished by the oldest applicants 95th birthday)
Geographical Restrictions We will lend throughout England and Wales only
Incentives None
Representative example

A mortgage of £155,200 payable over 12 years on a pay rate of 6.20% on our Standard Variable Rate (SVR) currently for term would require 144 monthly payments of £1,530.63. The total amount payable would be £220,920.72 made up of the loan amount plus interest (£65,720.72), a valuation fee of £335, a funds transfer fee of £30, estimated solicitors’ fees of £145. The overall cost for comparison is 6.4% APRC representative. 

Notes

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

Rates effective from 01/10/2023.

Other general mortgage information