Credit Renew 1 - 2 Year Discount 60% LTV

2.50% of the redemption balance in year 1

1.50% of the redemption balance in year 2

There is no Application Fee payable for this product.

£1,299 (can be added to the loan, subject to LTV and lending criteria, or paid on completion. Fees added to the loan will accrue interest.Further details are available on application).

£75 (paid on redemption).

Paid directly to valuer by the applicant – see Valuation Fee Scale for details.

A standard mortgage valuation is required on all properties.

A Procuration Fee will be paid by the Society upon completion of the mortgage. Please refer to your mortgage broker for details.

• Total of all CCJs must not exceed £500
• Subject to more than 1 CCJ within the last 3 years, not connected with unsecured/secured lending or revolving credit
• Subject to 1 or more CCJ within the last 3 years connected with unsecured/secured lending  or revolving credit
• If the CCJs are connected with unsecured or secured lending the cumulative arrears overdue has not reached the equivalent of 3 or more monthly payments within the last 2 years

Category 1

• CCJ (s)registered 3 or more years ago and;
• Settled before application

Category 2

• CCJ(s) registered in the last 3 years and/or;
• Unsettled (must be settled on or before completion) 

• Subject to more than 2 defaults within the last 2 years, registered more than 6 months ago not connected with unsecured/secured lending or revolving credit regardless of total amount
• Subject to Defaults within the last 2 years registered more than 6 months ago connected with unsecured/secured lending or revolving credit
• If the Defaults are connected with secured/unsecured lending the cumulative amount of arrears overdue has not reached the equivalent of three or more monthly payments within the last 2 years

Category 1

• Settled before application 

Category 2

• Unsettled (must be settled on or before completion)

Subject to an Unsatisfied DMP which must be satisfactorily conducted

Category 1

• DMP in place for a minimum of 2 years
• May include secured or unsecured loans but the credit file must be clean for a minimum of 2 years

 
Category 2

• DMP in place less than 2 years
• Cannot include secured or unsecured loans

Minimum – 18 years

Maximum – 72 years

Minimum – 2 years

Maximum – 40 years

Minimum - £50,000

Maximum - £1,200,000 (Maximum Loan amounts vary by LTV, please refer to our current criteria for details)

The Society will allow overpayments of up to 10% of the capital balance per annum without invoking an early repayment charge.

You can keep this mortgage should you move to a new property. This mortgage is portable subject to your status meeting our criteria.

Buildings insurance is compulsory in all instances.