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 - 2 year tracker rate up to 65%

1.89% above Bank of England base rate to 28/02/2012 reverting to lenders SVR. The overall cost for comparison is 5.5% APR.

• Available up to 65% Loan to Value
• Lenders arrangement fee of £1,995
• 4% Early Repayment Charges until 28/02/2012
• Available for purchase and remortgage
• Overpayments up to 10% available without penalty
• Maximum loan amount £750,000

 

LARGER LOAN - 2 year tracker up to 80%

2.39% above Bank of England base rate to 31/12/2012 reverting to lenders SVR for term. The overall cost for comparison 3.8% APR.

• Available up to 80% Loan to Value
• Lenders application fee up to £1,499
• Arrangement fee of 0.5% of loan
• No early repayment charge option available
• Switch and fix option available during initial tracker period
• Available for purchases only
• Available for mortgages up to £2,000,000

 

MEDIUM TERM CERTAINTY - 5 year fixed rate up to 70%

4.99% fixed until 02/05/2015 reverting to lenders standard variable rate for term. The overall cost for comparison is 4.8% APR.

• Available up to 70% Loan to Value
• Lenders arrangement fee of £995
• Free basic valuation (on properties up to £1m)
• 5% Early Repayment Charge (erc) until 02/05/2015
• 10% redemptions without ercs allowable per annum
• Available for purchases only
• Maximum loan amount £500,000

 

HIGHER LTV - 2 year tracker to 90% (professionals only)

5.29% above Bank of England base rate for two years reverting to lenders standard variable rate for term. The overall cost for comparison is 4.5% APR.

• Available up to 90% Loan to Value
• No lender arrangement fee or higher lending fee
• 2% Early Repayment Charge if redeemed to less than £100 in first two years
• No charges for partial redemptions and offset facility available
• Available for purchase and remortgage