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.