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Broker - 2 Year Discounted Offset <=80% (OVR minus 1.50%) > £1m - Capital and Interest BO1681

For loans up to 80% of property value

Product nameBroker - 2 Year Discounted Offset <=80% (OVR minus 1.50%) > £1m - Capital and Interest BO1681
Initial rate5.74% (variable)
Initial rate expires on
31st August 2027
Rate thereafterStandard Variable Rate, currently 7.24%
Overall cost for comparison7.20% APRC
Product fee£1999.00
Option to add product fees to mortgageThe product fee can be added to the loan, unless it takes a residential loan over 95% LTV or a BTL loan over 80% LTV.
Legal and Valuation Fees

Purchase: Free Valuation

Re-mortgages: Free valuation and free legal fees (if using bank's own solicitors

Eligibility

Applicants must be aged 18 or over. All loans are subject to status. Security will be required. This product is only available for remortgages

Maximum loan amountThe maximum loan size is £2,500,000.00
Maximum loan to value80%
Minimum loan amount£1,000,000.01
Early repayment chargeNo ERC applies.
Special offersPurchase: One free valuation for properties up to £3m

Remortgage: One free valuation for properties up to £3m Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) for properties up to £2m Properties over £3m – No incentives All incentives are subject to qualifying criteria being met.

Two months personal bank statements required where the mortgage is £1,000,000 or above.

The product fee for existing customers completing a product transfer is £999
Overpayment permittedYes, without penalty
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To discuss product and policy queries, or for advice on making an application, speak to your Clydesdale Bank and Virgin Money BDM.

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To discuss applications already submitted, please call 0800 917 8363.*

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