Your property may be repossessed if you do not keep up repayments on your mortgage
1 If the loan is repaid early, a prepayment fee will be payable.
2 If the loan is repaid early, a prepayment fee will be payable and if you repay the loan within a fixed rate period, you will also have to pay a fixed rate break fee.
3 Variable debit interest is payable on your loan and tracks the Bank of England Base Rate. If the Bank of England Base Rate falls below zero, we will treat it as zero.
4 £1m is the minimum amount available for variable, non-sterling currencies, RFR and USD LIBOR linked loans. Availability is subject to eligibility criteria and only available to businesses with turnover of £25m or above. If the RFR for any day, or USD LIBOR for any interest period is less than zero, the RFR or USD LIBOR for that period shall be deemed to be zero.
5 Deferring capital repayments will increase the total interest charged and therefore the total amount payable over the full term of the loan. Following a capital repayment holiday, your repayments will be higher to ensure your loan will be repaid by the end of the term. Not available for fixed rate loans.
6 Security – A first legal charge is needed over the premises being bought or refinanced. A fee will be payable for taking this security and we will give you an estimate of this cost at the outset. External charges may also apply, please discuss with your Relationship Manager for further information.
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