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Low Deposit Mortgages

Our low deposit product range includes a 2 year discounted variable rate low deposit mortgage and 2 and 5 year fixed rate low deposit mortgages.

Things you should know;

  • available for purchase only
  • low application fees
  • free standard valuation
  • no upper age limit when considering a mortgage application

Talk with one of the team about our low deposit products today on 0345 601 2744.

Product LTV Initial rate Revert rate Application/Completion fee Maximum loan ERC Remortgage package Valuation fee
Low Deposit 2 Year Fixed Rate 95% 3.64%  4.74%
£199 (up front)
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Fees

  • Application fee £199 - this is payable at the time of application and is non - refundable.
£400,000
Stepped
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Any amount repaid over 10% of the mortgage completion date balance will incur an early repayment charge equal to:

  • 3% of the excess overpayment in year one
  • 2% of the excess overpayment in year two

If your customer switches their loan to another lender, a different mortgage deal with us, or repays it in full before the end of the fixed rate term, they'll have to pay an early repayment charge equal to:

  • 3% of the outstanding balance in year one
  • 2% of the outstanding balance in year two
N/A Free standard valuation
Low Deposit 5 Year Fixed Rate 95% 3.94% 4.74%
£199 (up front)
Close

Fees

  • Application fee £199 - this is payable at the time of application and is non - refundable.
£400,000
Stepped
Close

Any amount repaid over 10% of the mortgage completion date balance will incur an early repayment charge equal to:

  • 5% of the excess overpayment in year one
  • 4% of the excess overpayment in year two
  • 3% of the excess overpayment in year three
  • 2% of the excess overpayment in year four
  • 1% of the excess overpayment in year five

If your customer switches their loan to another lender, a different mortgage deal with us, or repays it in full before the end of the fixed rate term, they'll have to pay an early repayment charge equal to:

  • 5% of the excess overpayment in year one
  • 4% of the excess overpayment in year two
  • 3% of the excess overpayment in year three
  • 2% of the excess overpayment in year four
  • 1% of the excess overpayment in year five
N/A Free standard valuation
Low Deposit 2 Year Discounted Variable Rate 95% 2.99% (1.75% discount off our SVR) 4.74%
£199 (up front)
Close

Fees

  • Application fee £199 - this is payable at the time of application and is non - refundable.
£400,000 N/A N/A Free standard valuation