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Leeds & Holbeck – 20 Year Fixed Rate

Type:
Fixed-rate mortgage

Fixed term:
Until September 1, 2024

Fixed rate:
5.99%

Minimum loan:
£25,000

Maximum loan:
Up to 90% of valuation subject to a maximum of £300,000, up to 85% of valuation subject to a maximum of £400,000, up to 80% of valuation subject to a maximum of £500,000

Income multiples:
Up to 90% of valuation &#45 up to 3.5 times principal income plus second or three times joint, up to 80% of valuation &#45 up to four times principal income plus second or three times joint, up to 50% of valuation &#45 up to four times principal income plus second or 3.5 times joint

Conditions:
Two-month window for penalty-free redemption after five years then every other year until end of fixed-rate period, capital repayments of up to 5% a year allowed without penalty, free mortgage payment protection insurance for six months

Arrangement fee:
Between £599 and £749 depending on loan size

Redemption fee:
5% of amount redeemed in first five years, 4% if outside window period in year six to nine, 3% if outside window period in years 10 to 13, 2% if outside window period in years 14 to 17, 1% if outside window period in years 18 to 20

Introducer&#39s fee:
Loans of up to £50,000 &#45 £125, loans above £50,000 &#45 0.25% of original loan

Tel: 0121 643 6741

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