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6.49% Offset (2.45% discounted rate from follow on rate) for 2 years (XO0076)
Key things to bear in mind
- Purpose - Offset applications for Product Switch and Further Advance
- Options Available - Payment reduction or Balance reduction. Balance reduction only available for repayment mortgages.
- Discount - 2.45% applied to our Residential Investment Managed Mortgage Rate for 2 years
- Minimum Rate - 4.24%
- Loan to Value - 70%
- Application fee - £125 for Further Advance. £0 for Product Switches
- Legal fees - £100 minimum for Further Advance applications
- Valuation Fees - £0
- ~Product Fee - £0 for Further Advance and Product Switch
- Early Repayment Charges - 2% in the first year, 1% in the second year
- Maximum loan - No maximum
- Minimum Loan - £2,000 for Further Advance. No minimum for product switches
- Cost for comparison - 8.8% APRC
- Additional criteria - You are required to open an Offset Saver account in conjunction with this mortgage. On completion of the mortgage, a cashback amount will be used to open your linked Offset Saver account: £100 for Remortgages and purchases.
More downloads & what you'll need to apply
Identification
Only applicable for Further Advance applications - We carry out an electronic ID check on all applicants. If this fails you will need to provide us with ID documents.
Bank statements
Only applicable for Further Advance applications - Buy to Let applicants are normally required to have an existing UK mortgage. We carry out an electronic credit check on all applicants which may show the performance of these. If this fails to show their existing mortgage(s), 12 months proof of conduct is required. To speed up our underwriting, you can provide this on submission.
Proof of income
Only applicable for Further Advance applications - A copy of the existing / proposed tenancy agreement.
Other items
Only applicable for Further Advance applications - A copy of the existing / proposed tenancy agreement.
Case Study - Helping first time buyers get on the ladder
Greg, a financial services professional, was keen to buy his first home in Bournemouth. This, however, was proving to be harder than he had thought.
Over 125 years of helping people move in
For a long time we've been trusted to lend to a wide variety of people with a more small scale, personal approach as shown in our awards.
Contact our expert UK team
Existing customers
Savings - 03330 140144
savings.service@familybsoc.co.uk
Mortgages - 03330 140146
mortgage.service@familybsoc.co.uk
...or ask the way that suits you.
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Ashley Square, Epsom, Surrey, KT18 5DD.
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