Discount Market Scheme 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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Discount Market Scheme (DMS) Mortgages

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Discount Market Scheme - 2 Year Discount 95% LTV (Minimum of 30% OMV Discount)

Initial Interest Rate

5.59%

Maximum Loan To Value (LTV)

95%

Overall Cost for Comparison

7.50%

Product Code

IP224

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.59% 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 £1,115.05, 48 payments of £1,250.89 and 228 monthly payments of £1,370.66.

The total amount payable would be £400,181.40 made up of the loan amount plus interest of £219,314.40 and the following costs, a Scheme Fee of (£599.00), 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 7.5% APRC representative.

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

Discount Market Scheme - 2 Year Discount 95% LTV (Minimum of 20% OMV Discount)

Initial Interest Rate

5.84%

Maximum Loan To Value (LTV)

95%

Overall Cost for Comparison

7.60%

Product Code

IP223

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.84% 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 £1,142.20, 48 payments of £1,252.66 and 228 monthly payments of £1,372.61.

The total amount payable would be £401,362.56 made up of the loan amount plus interest of £220,495.56 and the following costs, a Scheme Fee of (£599.00), 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 7.6% APRC representative.

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