5 Year Fixed Changes
2nd November 2011
Please note that our current 5 Year Fixed Rates to 75% and 90% are being withdrawn with immediate effect. From tomorrow morning, the rate on the current 75% LTV product is increasing by 0.20% to 3.99%. However we are pleased to announce that rates are reducing on our products to 90% LTV.
Product details as follows:
| Description
| Rate
| LTV
| App fee
| Comp Fee
| Available for
|
| 5 Year Fixed Rate |
3.99% |
75% |
£195 |
£800 |
Purchase and remortgage business |
| 5 Year Fixed Rate |
5.75% |
90% |
£195 |
£800 |
Purchase and remortgage business |
| 5 Year Fixed Rate |
5.89% |
90% |
£195 |
£0 |
Purchase and remortgage business |
KFI’s for the current products can no longer be obtained from the intermediary website.
Please be aware that you can continue to submit any suitable e-mortgage applications for these products providing they are received by 5.00pm today. Any required supporting documentation, including the e-declaration signed by the borrower(s) should also be uploaded following submission on our e-mortgage site and should be received by our Mortgage Service Centre by 5pm Wednesday 9 November. For any existing pipeline cases on these products ALL support documentation should again be uploaded & sent to arrive before the Wednesday deadline. Any cases not meeting these requirements will be cancelled. All application fees, will be collected within 48 hours.
Where a product switch is taking place (changing to a better rate) and our Mortgage Service Centre has commenced processing the application, a £250 fee must be paid up front prior to the product amendment taking place. Please also be aware that the £250 fee is non-refundable if a product switch has taken place.
All other products remain available.
Paul Darwin
Head of Intermediary Sales
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