Interest Rates:
- 7.69%, Representing a 0.85% discount on the Residential Standard Variable Rate which is currently 8.54%
- 8.1% APRC (The overall cost for comparison)
Main Features:
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Available for: Purchase and Remortgage
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Min/Max Adv: £25,000/£1,500,000
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Max Loan To Value: 90% (including arrangement fee)
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Arrangement Fee: £999
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Valuation Fee: Payable on application. See Valuation Fee leaflet.
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Application Fee: £125
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Early Repayment Charge (ERC): 1% in the first year and 0.5% for years two and three (fee waived if applicant returns to UK within ERC period).
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Overpayments: 10% of the advance amount can be repaid per annum for three years without incurring a charge. A 1% charge is due on any amount repaid that exceeds 10% per annum for the first year and a 0.5% charge is due on any amount that exceeds 10% per annum for years two and three.
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Restrictions: This mortgage must be repaid on a capital & interest basis or interest only.
Representatie Example:
- A mortgage of £257,173.00 payable over 23 years on our discounted rate at 0.85% below the Society’s current Standard Variable Rate of 8.54% (variable) for the mortgage term of 23 years would require 276 monthly payments of £1,989.24 plus one initial interest payment of £1,679.66.
- The total amount payable would be £552,373.90 made up of the loan amount plus interest (£293,536.90) andArrangement Fee (£999), Valuation Fee (£390), CHAPS Fee (£25), Application Fee (£125) and Discharge Fee (£125).
- The overall cost for comparison is 8.1% APRC representative.
TO FIND OUT MORE OR TO DISCUSS AN ENQUIRY, CALL: 01277 508 457
OR EMAIL: helpdesk@brightstarfinancial.co.uk
SUBJECT TO STATUS. PRODUCTS AND CRITERIA CAN BE WITHDRAWN WITHOUT NOTICE.
FOR INTERMEDIARIES ONLY.
