First Time Buyers:
||Maximum LTI||Initial Rate||Follow on rate at end of term||APRC***|
|Up to 90% LTV||3.5 times||2.30%||3.90%**||3.6%|
For all customers:
|Follow on rate at
end of term
|Up to 60% LTV||3.5 times||2.30%
|Up to 80% LTV||3.5 times||2.30%||3.70%**||3.5%|
|Up to 60% LTV||Max. permitted *||2.45%||3.50%**||3.3%|
|Up to 80% LTV||Max. permitted *||2.45%||3.70%**||3.5%|
|Up to 90% LTV||Max. permitted *||2.45%||3.90%**||3.7%|
* The maximum LTI that the Bank will allow you based on an affordability assessment
** Follow on variable rates are not linked to the ECB base rate or SVR. the rate can increase or decrease at any time even if there is no change in either of these rates.
*** APRC - stands for Annual Percentage Rate of Charge. This is the yearly cost of your mortgage. It includes not just the interest on your loan but any other charges you have to pay, such as a valuation fee. It also helps if you compare like for like between mortgage providers.
LTV - Loan to Value
LTI - Loan to Income ratio (using Income as determined for the mortgage application process)