Discount Market Scheme Mortgages

We’re proud to have a common sense approach to lending – with each case being manually underwritten. This means that throughout the process, we’re able to offer flexibility to support you and your clients with direct access to an underwriter.


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Discount Market Scheme (DMS) Mortgages

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Discount Market Scheme - 2 Year Discount 95% LTV (Minimum of 30% OMV Discount)

Initial Interest Rate

6.19%

Maximum Loan To Value (LTV)

95%

Overall Cost for Comparison

8.20%

Product Code

IP224

The following is a representative example based on a mortgage of £230,000.00 payable over 25 years initially on a discounted variable rate of 6.19% for 2 years, a further discounted variable rate of 7.49% for 4 years, followed by our Standard Variable Rate of 8.74%. In this example you would make an initial payment of £1,858.89, 23 monthly payments of £1,508.80, 48 payments of £1,687.50 and 228 monthly payments of £1,846.10.

The total amount payable would be £539,371.09 made up of the loan amount plus interest of £308,472.09 and the following costs, a Scheme Fee of (£599.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£200.00), and a Mortgage Exit Administration Fee (£75.00).

The overall cost for comparison is 8.20% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

Discount Market Scheme - 2 Year Discount 95% LTV (Minimum of 20% OMV Discount)

Initial Interest Rate

6.44%

Maximum Loan To Value (LTV)

95%

Overall Cost for Comparison

8.30%

Product Code

IP223

The following is a representative example based on a mortgage of £230,000.00 payable over 25 years initially on a discounted variable rate of 6.44% for 2 years, a further discounted variable rate of 7.49% for 4 years, followed by our Standard Variable Rate of 8.74%. In this example you would make an initial payment of £1,908.63, 23 monthly payments of £1,544.40, 48 payments of £1,689.60 and 228 monthly payments of £1,848.50.

The total amount payable would be £540,887.63 made up of the loan amount plus interest of £309,988.63 and the following costs, a Scheme Fee of (£599.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£200.00), and a Mortgage Exit Administration Fee (£75.00).

The overall cost for comparison is 8.30% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.