Types of Mortgages
Residential Mortgages
Whether you wish to buy or remortgage, Cluttons Private Finance can help you. We have access to the whole mortgage market which has over 4,000 products. We look closely at what you are looking for and wanting to achieve with your mortgage and carry out the research on your behalf, reverting with our recommendations. Price is always important and we have access to the most competitively priced mortgages, considering rates, fees and term. We advise on all mortgage options, including, where suitable, offset, fully flexible, longer term fixed rates, interest only, and so the list goes on.
Having agreed the most appropriate product and rate with you, we will process the paperwork on your behalf and ensure you have an offer in the shortest time possible, occasionally within 24 hours. Our standard timescale will see 75% of offers out within 12 working days and 95% within 16 working days. This quick turnaround time ensures you are able to meet any tight deadlines.
A selection of the Residential mortgages we have available are shown below. For more information please call 020 7647 7171.
- LOW RATE - Pay rate of 2.19% variable for 2 years - SEMI EXCLUSIVE
Competitive 1.69% above Bank of England base rate (currently 0.5%) for 2 years reverting to the lenders standard variable rate for the remainder of the term. The overall cost for comparison 3.8%.
- Available up to 60% Loan to Value
- Lenders product fee of only £999
- Early Repayment Charge (erc) of 3% during first two years
- Redemptions of 10% allowed per annum without penalty
- Available for purchase and remortgage
- Track and switch product - following 3 months can switch erc free to one of lenders fixed rates
- SHORT TERM FIXED - 2 year fixed rate up to 70%
3.19% fixed for 2 years from completion reverting to lenders standard variable rate for the remaining term. The overall cost for comparison 4.0% APR.
- Available up to 70% Loan to Value
- Lenders arrangement fee of £995
- Early repayment charges of 3% during fixed period
- Maximum loan amount £1,000,000
- MEDIUM TERM CERTAINTY - 5 year fixed rate - INTERMEDIARY EXCLUSIVE
4.19% fixed until 30th June 2015 reverting to lenders standard variable rate for term. The overall cost for comparison is 4.8% APR.
- Available up to 75% Loan to Value
- Lenders arrangement fee of £1,995
- Early Repayment Charges of 5% until 30/06/2013 reducing to 4% in the following 12 months and 3% for the remaining fixed period
- Overpayments up to 10% per annum without penalty
- Available for purchases and remortgages
- Maximum loan amount £750,000
- HIGHER LTV - 2 year tracker to 85% - INTERMEDIARY EXCLUSIVE
3.19% tracker above Bank of England base rate to 30/06/2012 reverting to lenders standard variable rate. The overall cost for comparison is 5.7% APR.
- Available up to 85% Loan to Value
- Available for house purchase and remortgage
- Lender arrangement fee of £999
- No higher lending fee payable
- 4% Early Repayment Charge if redeemed during initial tracker period
- Overpayments up to 10% per annum without penalty
These rates were prepared on 08/07/2010 and have been selected considering factors such as rate of interest charged and quality of lenders administration. Rates are accurate on the date of publishing but may be subject to change at short notice and terms are dependent on individual circumstances. Broker fees of up to 1.25% may be charged, although we are happy to discuss payment choices. Cluttons Private Finance is a trading style of Springtide Capital Limited which is authorised and regulated by the Financial Services Authority. The FSA does not regulate some forms of mortgage. YOUR HOME MAY BE REPOSSESED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
