First time buyer

This product is also available for:

• Home mover

Fixed rate

Product code: GRS767

Description:

5 year fixed

LTV amount:

0 - 60%

Features and benefits

Product rate:

4.48% fixed until 31/03/2029

Latest completion by:

31/07/2024

Loan band:

£25k - £1m

Commitments

Product fee:

n/a

Early repayment charge:

5% to 31/03/2025

4% to 31/03/2026

3% to 31/03/2027

2% to 31/03/2028

1% to 31/03/2029

Additional info

Availability

The property must have an Energy Efficiency Band of A or B, or an Energy Efficiency Rating of 81 or higher. This product is not available for shared equity/ownership cases and a product from the specified range needs to be selected. Available on a repayment or interest only basis. This product is not available to retirement home plan or consent to lease customers.

Incentives

Product fees can be added on completion. MAF to be waived. £250 cashback.

Risks

Your client's home may be repossessed if they do not keep up repayments on their loan. Whilst a fixed rate mortgage can give your client certainty around monthly payments, the Bank of England base rate may go down as well as up. The value of your client's home may alter with market conditions so that the amount of the loan may exceed the value of the home.