Level 1 ‘non standard’ mortgage up to 80% LTV | |
| Maximum loan amount | 70.1-80% LTV – £500k 70% LTV or less – £750k |
| Missed payment (loans) | None in the last year |
| Missed payments (consumer credit excluding mobile phones, mail orders & utilities) | No more than 2 in the last year |
| Mortgage/rent arrears | None in the last year |
| Satisfied payday loans | No more than 2 in the last year |
| Satisfied defaults on credit commitments (satisfied prior to issuing mortgage offer) | Registered over 2 years ago (£500 or less) |
| Satisfied CCJ’s | None in the last 2 years and satisfied for at least 1 year (£500 or less) |
| Payment/debt management plans (satisfactory conduct or discharge) | None in the last 2 years and satisfied for at least 1 year |
| Satisfied IVA/bankruptcy previous reposession (Max 70% LTV) | Satisfied over 5 years ago |
Level 2 ‘credit repair’ mortgage up to 70% LTV | |
| Maximum loan amount | 70% LTV or less – £500k |
| Missed payment (loans) | Less than 12 months |
| Missed payments (consumer credit excluding mobile phones, mail orders & utilities) | All other missed payments |
| Mortgage/rent arrears | Less than 12 months |
| Satisfied payday loans | No more than 5 in the last year |
| Satisfied defaults on credit commitments (satisfied prior to issuing mortgage offer) | All other satisfied defaults |
| Satisfied CCJ’s | All other satisfied CCJs |
| Payment/debt management plans (satisfactory conduct or discharge) | Established over 3 years ago |
| Satisfied IVA/bankruptcy previous reposession (Max 70% LTV) | Satisfied over 3 years ago |
Level 3 ‘extra support’ mortgage up to 65% LTV | |
| Maximum loan amount | 65% LTV or less – £350k |
| Missed payment (loans) | In the last 2 years overdue payments 3 months or more on a loan, except where the late payment was caused by a third party error. |
| Missed payments (consumer credit excluding mobile phones, mail orders & utilities) | Underwriter discretion |
| Mortgage/rent arrears | In the last 2 years overdue payments 3 months or more on a mortgage, except where the late payment was caused by a third party error. |
| Satisfied payday loans | Underwriter discretion |
| Satisfied defaults on credit commitments (satisfied prior to issuing mortgage offer) | Underwriter discretion |
| Satisfied CCJ’s | There have been one or more CCJ’s within the last three years with a total value greater than £500 |
| Payment/debt management plans (satisfactory conduct or discharge) | Underwriter discretion |
| Satisfied IVA/bankruptcy previous reposession (Max 70% LTV) | The customer has been subject to an IVA / Bankruptcy order at any time within the last 3 years |
Interest rate
Overall cost for comparison
Product fee
Early Repayment Charges and other fees may apply.
Based on a mortgage of £126,900 payable over 25 years, initially on our 3.49% Discounted rate for 2 years and 3 months, and then on our Standard Variable rate currently 5.45% for the remaining 22 years and 9 months. This would require 27 monthly payments of £640.11 and all remaining instalments of £770.98.
The total amount payable would be £227,850.51, made up of the loan amount plus interest of £99,760.15, a product fee of £1,099 and account fee of £0.
The overall cost for comparison is 5.30% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/03/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.
Interest rate
Overall cost for comparison
Product fee
Early Repayment Charges and other fees may apply.
Based on a mortgage of £126,900 payable over 25 years, initially on our 4.09% Discounted rate for 3 years and 3 months, and then on our Standard Variable rate currently 5.45% for the remaining 22 years and 9 months. This would require 39 monthly payments of £682.00 and all remaining instalments of £771.20.
The total amount payable would be £227,971.20, made up of the loan amount plus interest of £99,881.44, a product fee of £1,099 and account fee of £0.
The overall cost for comparison is 5.30% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/03/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.
Interest rate
Overall cost for comparison
Product fee
Early Repayment Charges and other fees may apply.
Based on a mortgage of £120,000 payable over 21 years, initially on our 4.49% fixed rate for 5 years and 3 months, and then on our Standard Variable rate currently 5.45% for the remaining 15 years and 9 months. This would require 63 monthly payments of £743.03 and all remaining instalments of £793.71.
The total amount payable would be £196,912.08, made up of the loan amount plus interest of £75,723.22 a product fee of £1,099 and account fee of £0.
The overall cost for comparison is 5.45% APRC.
If all or part of your income is in a currency other than Pound Sterling (£), you should be aware about the risks of fluctuations in currency exchange rates. If the value of the relevant currency moves against you by at least 20% then that may make it more difficult for you to afford your mortgage payments.
The Representative Example is based on mortgages sold between 01/01/2018 – 31/12/2018 and if you were to take your mortgage product as at 01/03/2022.
All above information is for illustration purposes only and may vary depending on personal circumstances.
Bank Base Rate Update:
Following on from the Bank Base Rate change on 17 March, there will be no changes to our current SVR rate of 5.45%.