Exclusives
Northern Rock residential product change - 15 November
For full details of Northern Rock’s Exclusive range, which is available to all intermediaries registered with a Northern Rock National Account, please click here.
- Product fees (where applicable) can be added to the loan on completion.
- Daily interest.
- Incentive of free basic valuation and free standard legal fees for residential remortgage cases (please note remortgage products offering cashback do not offer Free Legals)
- Application fee of £99 payable for residential purchase and remortgage cases & all BTL cases (please note application fee is waived on remortgage products offering cashback)
- Everyday products allow 10% overpayments each calendar year and payment holiday options, subject to our prior consent.
- Early Repayment Charge for Everyday products applies to the outstanding secured loan balance at the time of redemption. Any overpayments in excess of the annual allowance will also be subject to the Early Repayment Charge.
- Flexible Tracker customers have access to fully flexible features - subject to Northern Rock's prior agreement.
- Early Repayment Charge for Flexible products applies to the original secured loan balance, payable on full redemption only.
- Following the incentive rate period, all above products will revert to Northern Rock’s Standard Variable Rate (currently 4.79%) for the life of the loan.
Saffron BS adds a 95% First Time Buyer product to our packager proposition with Complete – exclusive to Paradigm Mortgage Services
5.79% Fixed rate until 30/04/2015
Complete have teamed up with the Saffron BS to launch a 95% First Time Buyer product. The product is fixed at 5.79% until 30/04/2015 and available to First Time Buyers who can prove 12 months rental payments with a recognised rental agency. The product will be made available to both employed and self-employed applicants who are 25 and over. Full details and how to apply are below.
General Criteria
- Purchase only
- Minimum age 25, Maximum age 65
- Affordability checked on an individual basis
- Min loan £30k, max £500k
- Minimum property value £100,000
- Clients must have a 12 month rental history from a recognisable source
- £99 Up front Booking Fee payable with application
- £195 arrangement fee (paid on completion)
- Lending in England and Wales
- Capital Repayment only
- Available to employed and self employed
- New Build houses accepted - (not flats)
For more information call the Complete Enquiry Desk – 023 8045 0188 or apply online here
New BTL semi-exclusive with Kent Reliance
With our friends at Complete we are pleased to bring you 2 new BTL semi-exclusives:
- 2 year fixed at 4.19% up to 75% LTV
- 3 year fixed at 4.49% up to 75% LTV
Rental Yield
- Borrowing calculated at 125% times the charging rate or 5% whichever is higher
General Criteria
- Residential BTL's only
- Up to 10 properties across all lenders
- Purchase & Remortgage
- No extended tie-ins
- First Time Buyers OK
- Minimum age 25, Maximum age 70
- Borrowing calculated at 125% times the charging rate or 5% whichever is higher
- Minimum income £25K
- Min loan £25k, max £1m - (will consider over £1m as a exception)
Other products available
- Ltd company BTL's, Student Lets, HMO's and Freehold properties with up to 4 self contained units available at rates from 4.98% 2 year discount
Up to 0.35% Proc fee paid
For more information call the Enquiry Desk on 023 8045 0188 or apply online here.