Large Loan Mortgages

Our large loan mortgages are designed to support those who are looking to borrow £400,000 and above.  These products also allow for overpayments of 20% of the capital balance per annum without invoking an early repayment charge.

Our mortgages

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2 Year Discount 50% LTV Large Loan

Initial Interest Rate

4.34%

Maximum Loan To Value (LTV)

50%

Overall Cost for Comparison

7.30%

Product Code

DP372

The following is a representative example based on a mortgage of £400,000 payable over 25 years initially on a discounted variable rate of 4.34% for 2 years, a further discounted variable rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £2,187.16, 48 payments of £2,758.32 and 228 monthly payments of £3,022.43.

The total amount payable would be £876,767.24 made up of the loan amount plus interest of £474,005.24 and the following costs, a Scheme Fee of (£1,999.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£688.00), and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.3% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

Later Life - 2 Year Discount 50% LTV Large Loan

Initial Interest Rate

4.74%

Maximum Loan To Value (LTV)

50%

Overall Cost for Comparison

7.40%

Product Code

DP373

The following is a representative example based on a mortgage of £400,000 payable over 25 years initially on a discounted variable rate of 4.74% for 2 years, a further discounted rate of 6.89% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £2,278.17, 48 payments of £2,765.48 and 228 monthly payments of £3,030.29.

The total amount payable would be £881,087.24 made up of the loan amount plus interest of £478,325.24 and the following costs, a Scheme Fee of (£1,999.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£688.00), and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.4% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.