Mortgage Product

90% LTV – Variable (Not available for short term borrowing)

Product Code: RSVR

Rates effective from: 01/04/2025

  • Initial Rate

    5.75%

  • Term

    Term

  • Maximum Loan to Value

    90%

  • Overall Cost for Comparison (APRC)

    6.00%

  • Application Fee

    None

  • Arrangement Fee

    None

  • Early Repayment Charges

    None

Representative Example

A mortgage of £211,000 payable over 14 years on a pay rate of 5.75% on our Standard Variable Rate (SVR) currently for term would require 168 monthly payments of £1,831.43. The total amount payable would be £308,345.24 made up of the loan amount plus interest (£97,345.24), a valuation fee of £490, a funds transfer fee of £30, estimated solicitors’ fees of £145. The overall cost for comparison is 6.00% APRC representative.

Product Details

Starting Rate

5.75% variable (The Stafford’s Standard Variable Rate SVR) for the term

Minimum Interest Rate

The interest rate on this product will not drop below 1.50%

Available for

Capital Raising, Movers, Purchase, Remortgage

Minimum Loan

£50,000

Maximum Loan

Up to 80% LTV – £686,000 / 80% to 85% LTV – £350,000 / 85% to 90% LTV – £300,000

Application Fee

0

Arrangement Fee

None

Basic Valuation Fee

Fee Applicable (see valuation fees)

Minimum Property Value

£100,000

Minimum Term

5 years

Maximum Term

Varies according to age

Repayment Type

Interest Only and Repayment

Minimum Age

18

Maximum Age at Term End

85 (subject to proof of pension income post age 75 or declared retirement age, whichever is sooner)

Incentives

None

Additional Notes

  • This mortgage summary should be read in conjunction with the Terms & Conditions.
  • We will lend throughout England and Wales only.
  • Interest is calculated on a daily basis.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE