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Newly qualified professional residential fixed rate - 2 years Capital and Interest

For loans up to 95% of property value

Product nameNewly qualified professional residential fixed rate - 2 years Capital and Interest
Initial rate3.19%
Initial rate expires on
31st December 2021
Rate thereafterStandard Variable Rate, currently
5.20%
Overall cost for comparison4.9% APRC
Product fee
£0
Option to add product fees to mortgageYes the product fee can be added to the loan, provided the total borrowing does not exceed the maximum LTV for the product type
Legal and Valuation FeesFor more information visit Valuation Fees page
Eligibility

Available for purchase applications only. Applicants must be aged 18 or over. All loans are subject to status. Security will be required. Not available for business purposes.

This product is only available where one or more of the applicants has become fully qualified within the last 5 years and is employed in one of the following professions: Accountants, Architects, Barristers, Chartered Surveyors, Dentists, Medical Doctors, Pharmacists, Pilots, Solicitors, Vets, with a current income of £40k or more.

Maximum loan amount£600,000
Maximum loan to value95%
Minimum loan amount£80,000
Early repayment charge3% in year one
2% in year two
Special offers

£0 product fee
Purchase: One free valuation
Remortgage: This product is only available for purchase applications#

Overpayment permittedYes, up to 10% of outstanding loan each year without penalty. After the fixed period you can make over payments without any restrictions.
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# Free standard legals (excluding any fee charged by our preferred legal provider for transferring funds to the previous lender) and one free valuation on properties worth £2m, or less. If the property to be mortgaged is currently unencumbered then a free valuation is available. Further information on valuation fees.

Quick links

Our online application makes it quick and easy to apply for your customer

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