Credit Renew 1 - 2 Year Discount 90% 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.

• 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.