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Credit Renew Mortgages
Our range of Credit Renew Mortgages are designed for customers who are not credit impaired but have recently experienced a life event they have recovered from, which has impacted their credit profile meaning they do not meet our standard lending criteria.
Our mortgages
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Credit Renew 1 - 2 Year Discount 60% LTV
Initial Interest Rate
5.74%
Maximum Loan To Value (LTV)
60%
Overall Cost for Comparison
7.90%
Product Code
DP267
The following is a representative example based on a mortgage of £216,634 payable over 25 years initially on a discounted variable rate of 5.74% for 2 years, a further discounted variable rate of 7.24% for 4 years, followed by our Standard Variable Rate of 8.49%. In this example you would make 24 monthly payments of £1,361.55, 48 payments of £1,552.34 and 228 monthly payments of £1,698.94.
The total amount payable would be £496,221.84 made up of the loan amount plus interest of £277,913.84 and the following costs, a Scheme Fee of (£1,299.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£275.00), and a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 7.9% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
Credit Renew 1 - 2 Year Discount 90% LTV
Initial Interest Rate
6.94%
Maximum Loan To Value (LTV)
90%
Overall Cost for Comparison
8.10%
Product Code
DP283
The following is a representative example based on a mortgage of £216,634 payable over 25 years initially on a discounted variable rate of 6.94% for 2 years, a further discounted variable rate of 7.24% for 4 years, followed by our Standard Variable Rate of 8.49%. In this example you would make 24 monthly payments of £1,522.84, 48 payments of £1,562.20 and 228 monthly payments of £1,709.73.
The total amount payable would be £502,951.20 made up of the loan amount plus interest of £284,718.20 and the following costs, a Scheme Fee of (£1,299.00), 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 8.1% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
Credit Renew 2 - 2 Year Discount 60% LTV
Initial Interest Rate
5.94%
Maximum Loan To Value (LTV)
60%
Overall Cost for Comparison
7.90%
Product Code
DP269
The following is a representative example based on a mortgage of £216,634.00 payable over 25 years initially on a discounted variable rate of 5.94% for 2 years, a further discounted variable rate of 7.24% for 4 years, followed by our Standard Variable Rate of 8.49%. In this example you would make 24 monthly payments of £1,387.84, 48 payments of £1,554.07 and 228 monthly payments of £1,700.84.
The total amount payable would be £497,369.04 made up of the loan amount plus interest of £279,061.04 and the following costs, a Scheme Fee of (£1,299.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£275.00), and a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 7.9% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.
Credit Renew 2 - 2 Year Discount 70% LTV
Initial Interest Rate
6.94%
Maximum Loan To Value (LTV)
70%
Overall Cost for Comparison
8.10%
Product Code
DP284
The following is a representative example based on a mortgage of £216,634 payable over 25 years initially on a discounted variable rate of 6.94% for 2 years, a further variable discounted rate of 7.24% for 4 years, followed by our Standard Variable Rate of 8.49%. In this example you would make 24 monthly payments of £1,522.84, 48 payments of £1,562.20 and 228 monthly payments of £1,709.73.
The total amount payable would be £503,001.20 made up of the loan amount plus interest of £284,718.20 and the following costs, a Scheme Fee of (£1,299.00), a Chaps/Telegraphic Transfer fee (£25.00), a Valuation Fee (£250.00), and a Mortgage Exit Administration Fee (£75.00).
The overall cost for comparison is 8.1% APRC representative.
Note: What you will pay may vary from this and will depend on your personal circumstances.