Standard Residential

Residential Mortgages

Our Standard Residential Product is for when applicants have 30% deposit or more. This deposit can be gifted by family.  With our flexible approach, our underwriters are happy to look at the more unusual properties, previous credit issues, different income streams and other exceptions to “normal mortgage criteria."

Product Name The overall cost for
comparison is:
Rate structure based on
our Standard Variable
Availability Flexibility Fees Early Repayment Charges

3 year Residential 


4.2% APRC

1.75% Variable for 3 years followed by Standard Variable
Rate (SVR), currently

Purchase &
up to 70% Loan To Value (LTV). 

Overpayments up to 20% of the capital balance as at 1st January are allowed in each calendar year without penalty.

  • Product Fee 0.4% of advance (Minimum £599)

  • Administration Fee £125

  • Valuation Fee (scale)

  • Completion Fee £75.

3 % in years 1 & 2, 2 % in year 3, plus a Closing Administration Fee (currently £100).

Representative example: A mortgage of £193,000 taken out for a period of 21 years on a repayment basis.

Monthly instalments: £918.77 per month for 35 months, followed by £1,188.97 per month for 216 months.

Total amount payable: £290,386.47

Total amount of credit: £193,000

The total amount payable includes administration fee £125, valuation fee £340, product fee £772, completion fee £75 and closing fee £100.

The overall cost for comparison is 4.2% representative APRC.

This example relates to product code RDD075, is based on a typical mortgage and assumes that fees are not added to the mortgage. Please ask for a personalised illustration for your own particular requirements.

We have no current plans to withdraw these products but they may be withdrawn without notice. Ask for a personalised illustration for your client.

Lending Criteria and Information


Size: Minimum £50,000, Term: Minimum 5 years, Maximum 40 years.


Minimum Value: £100,000. Must be in England, Wales or mainland Scotland. We are also unable to offer a Right To Buy mortgage in mainland Scotland.


Age: Minimum 18, maximum is 85 subject to income in retirement.


Household income must be at least £20,000.

No minimum period of employment, but must have passed probation, or have 3 years self-employment history

The amount we will lend will depend on the value of the property and a calculation based on income and expenditure. As a guide, we will take gross annual income and then apply a deduction for the annual amount paid towards any existing debts or other financial commitments. We apply the following multipliers to the amount remaining:

Income After Deductions

Sole Borrower

Joint Borrowers




over £50,0001



These multiples are for guidance only and do not guarantee that we will lend the amount indicated to your client. We will carry out a full assessment of your clients income and expenditure to ensure that they can afford the mortgage both now and in the future.


We take a flexible approach to underwriting and will consider each case on its merits. We do not credit score. The actual rate and APRC for the case will depend on your clients circumstances and our assessment of the risk.

Procuration Fees:

We will pay an uncapped procuration fee of 0.35% of the amount borrowed to directly authorised and regulated intermediaries on completion of the mortgage. Where the intermediary is an Appointed Representative, the fee will be paid to the Principal. In the event of a change of Principal for any reason, the fee will be paid to the firm responsible for the information or advice at the time the sale was made.

Please contact the Intermediary Sales team to discuss your requirements by calling us on 01225 475702 or by email at