Product Updates Effective 18/10/2022
New business deals
|
Max LTV of borrowers share |
Product Description |
Completion Fee |
Product Type |
Product Code |
|
90% |
6.74% fixed until 28/02/2026 – Shared Ownership |
£0 |
Purchase |
18558 |
|
90% |
6.74% fixed until 29/02/2028 – Shared Ownership (CB) |
£0 |
Purchase |
18560 |
|
95% |
6.84% fixed until 28/02/2026 – Shared Ownership |
£0 |
Purchase |
18559 |
|
95% |
6.84% fixed until 29/02/2028 – Shared Ownership (CB) |
£0 |
Purchase |
18561 |
- No booking fee applies to all products in this update.
- When the initial product rate ends the rate reverts to the Society’s Standard Variable Rate (SVR), currently 5.24% variable, or SVR with a potential reduction determined by your client’s Loan to Value at that time for the rest of the term.
- All products will be charged interest to the date of redemption.
Products being withdrawn
|
Max LTV of borrowers share |
Product Description |
Completion Fee |
Product Type |
Product Code |
|
90% |
6.54% fixed until 28/02/2026 – Shared Ownership |
£0 |
Purchase |
18525 |
|
90% |
6.54% fixed until 29/02/2028 – Shared Ownership (CB) |
£0 |
Purchase |
18527 |
|
95% |
6.64% fixed until 28/02/2026 – Shared Ownership |
£0 |
Purchase |
18526 |
|
95% |
6.64% fixed until 29/02/2028 – Shared Ownership (CB) |
£0 |
Purchase |
18528 |
Processing your new business DIPs
The deadline for the completion of new business DIPs on the products being withdrawn is close of business Monday 17 October 2022.
If you have already completed a DIP Illustration, pipeline applications will be accepted until close of business Monday 24 October 2022.
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