Credit Renew Mortgages

We’re proud to have a common sense approach to lending – with each case being manually underwritten. This means that throughout the process, we’re able to offer flexibility to support you and your clients with direct access to an underwriter.


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Credit Renew Mortgages

Our mortgages

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Credit Renew 1 - 2 Year Discount 90% LTV

Initial Interest Rate

6.36%

Maximum Loan To Value (LTV)

90%

Overall Cost for Comparison

7.56%

Product Code

IP510

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 6.36% for 2 years, a further discounted variable rate of 6.39% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 1 payment of £2,179.96, 22 monthly payments of £1,207.80, 48 payments of £1,202.22, 224 monthly payments of £1,365.05 and 1 payment of £495.25.

The total amount payable would be £394,291.57 made up of the loan amount plus interest of £212,724.57 and the following costs, a Scheme Fee (£1,299.00), a CHAPS/Telegraphic Transfer fee (£25.00), a Valuation Fee (£193.00), and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.56% APRC representative.

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

Credit Renew 2 - 2 Year Discount 70% LTV

Initial Interest Rate

6.39%

Maximum Loan To Value (LTV)

70%

Overall Cost for Comparison

7.60%

Product Code

IP474

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 6.39% for 2 years, a further variable discounted rate of 6.39% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £1,203.03, 48 payments of £1,203.03 and 228 monthly payments of £1,368.99.


The total amount payable would be £400,369.88 made up of the loan amount plus interest of £218,747.88 and the following costs, a Scheme Fee (£1,299.00), a CHAPS/Telegraphic Transfer fee (£25.00), a Valuation Fee (£248.00), and a Mortgage Exit Administration Fee (£50.00).


The overall cost for comparison is 7.6% APRC representative.


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