Self Employed 2 Year Discounted Rate Mortgage

2.84%

Up to 80% LTV

Good to know

Maximum loan £400,000
Revert rate: 4.89%

Available for loans over £20,000

For customers with only 1 years accounts (no more than 9 months old)

Unlimited overpayments

Fees

Based on a property worth
using our at max

The fees your client would have to pay are:

£{switch fee} product switch fee
which can be paid upfront or added to the loan (if added to the loan we'll charge interest on the fee during the term of the loan)

£{further advance completion fee} Further advance 'completion' fee
which can be paid upfront or added to the loan (if added to the loan we'll charge interest on the fee during the term of the loan)

A valuation isn't normally required for a product switch.

When borrowing additional funds you may require a revaluation if the value of your property has changed since you originally took your mortgage out. We will pay for a standard valuation.

£ for a standard valuation or £ for a standard valuation and homebuyer survey
For the purpose of the mortgage you'll only need to pay for a standard valuation. Valuation fees are payable at the time of application and are non-refundable.
We will pay for a standard valuation.

£ for a standard valuation or £ for a standard valuation and homebuyer survey
For the purpose of the mortgage you'll only need to pay for a standard valuation. Valuation fees are payable at the time of application and are non-refundable.
We will pay for a standard valuation.

Early repayment charges

With this mortgage your customer will be able to make unlimited overpayments without incurring any early repayment charges. 

Any overpayment your customer makes will be deducted from the balance on the same day and the interest adjusted – allowing your customer to benefit immediately.

There are no early repayment charges on the Self Employed 2 Year Discounted Rate Mortgage.

Next steps

DIP Decision

Current service

2 days

Mortgage Application

App received to reviewed

3 days

Offer Produced

Fully packaged application to offer

5 days

Other forms and documents you may need: