95% Mortgages


95% mortgages are only available on our residential product range, where the loan is up to £500,000. The maximum amount we will lend will depend on your client's individual financial situation and other circumstances.

Product Name

The overall cost for
comparison is:

Rate structure based on our Standard
Variable Rate

Availability

Flexibility

Fees

Early Repayment Charges

3 year Residential
2.85% Discount

RDD074

5.0% APRC

2.59% variable for 3 years followed by Standard Variable
Rate (SVR), currently
5.44%.

Purchase
up to 95% Loan To Value (LTV). Minimum deposit of 5% required.

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

  • 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).

 

3 year Residential
2.69% Fixed

RDF023

 

5.0% APRC

2.69% fixed for 3 years followed by Standard Variable
Rate (SVR), currently
5.44%.

 

Purchase
up to 95% Loan To Value (LTV). Minimum deposit of 5% required.

 

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

 

  • 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).

5 year Residential
2.89% Fixed

RDF024

 

4.6% APRC

2.89% fixed for 5 years followed by Standard Variable
Rate (SVR), currently
5.44%.

 

Purchase
up to 95% Loan To Value (LTV). Minimum deposit of 5% required.

 

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

 

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

  • Administration Fee £125

  • Valuation Fee (scale)

  • Completion Fee £75.

3% in years 1, 2, 3, 4, &  2% in year 5, plus a Closing Administration Fee (currently £100).

An example: A mortgage of £143,000 taken out for a period of 30 years on a repayment basis.

Monthly instalments: £572.79 per month for 35 months, followed by £788.26 per month for 324 months.

Total amount payable: £276,747.89

Total amount of credit: £143,000

The total amount payable includes product fee £599, valuation fee £255, administration fee £125, closing fee £100 and completion fee £75.

The example relates to Product Code RDD074, 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.

Please contact the Mortgage Sales team to discuss your requirements by calling us on 01225 475737 or by email at mortgagesales@bibs.co.uk

 

Please click here to find out how to mortgage insurance works.