RESIDENTIAL. improved.
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First-time buyer HIGHLIGHTS AND FEATURES
Simpler approach to adverse
Same criteria applies to all customers:
Defaults - up to 5 in 24 months
CCJs - up to 3 in 24 months
Secured arrears - up to 3 in 36 months (1 in 12 months)
DMPs satisfied > 36 months can be considered up to 95% LTV
All subject to our internal credit scoring
Product options to suit every customer
Rates from 5.20%
2yr, 3yr and 5yr fix options
AVMs available and confirmed on AIP
£49 assessment fee
£0 product fee options and Free Valuations for lower upfront costs
Fairer Pricing – tailored to each customer based on credit score
Strong affordability toolkit
Higher LTVs of up to 97% (with fees added, 95% max with no fees added)
40-year terms
Up to 6x income
90% Max LTV on New Builds
Loans up to £5m
Lower upfront costs with £0 product fees, free vals and £49 assessment fee
Family Supported Deposits
First Time Buyers who may have a thin file or adverse credit
Self-Employed customers with 1 year’s accounts who are purchasing their first home
Customers with a small deposit
Product Fees
Assessment fee: £49
Redemption administration fee: £21
All fees include VAT (where applicable).
AVM valuation fee: £15
Desktop valuation fees
Purchase price/estimated value | Fee (exc. VAT) |
|---|---|
Up to and including £200,000 | £150 |
£200,001 - £450,000 | £200 |
£450,001 - £1,000,000 | £250 |
Short-form valuation fees
Purchase price/estimated value up to | Valuation fee (inc. VAT) |
|---|---|
£100,000 | £175 |
£150,000 | £200 |
£200,000 | £225 |
£250,000 | £250 |
£300,000 | £275 |
£350,000 | £300 |
£400,000 | £325 |
£450,000 | £350 |
£500,000 | £375 |
£600,000 | £485 |
£700,000 | £585 |
£800,000 | £650 |
£900,000 | £710 |
£1,000,000 | £825 |
£1,500,000 | £1,225 |
£2,000,000 | £1,625 |
£2,500,000 | £1,925 |
£3,000,000 | £2,225 |
£3,500,000 | £2,725 |
£4,000,000 | £3,125 |
£4,500,000 | £3,425 |
£5,000,000 | £3,725 |
Reinspection fee £72 (depending on your valuation this could be variable.)
Long-form valuation fees (£5m+)
For properties with a purchase price/estimated value greater than £5,000,000, individual quotes are obtained from valuers on the OSB VAS panel.
Other fees:
The valuation fee payable will depend on the product selected, the type of valuation and the value of the property. These fees will be confirmed as part of the AIP decision.
All fees include VAT (where applicable).