Standard Mortgages
Minimum Loan:
£15,001 for purchases, £25,001 for remortgages (unless otherwise stated)
Maximum Loan:
£1 million.
Loan Tiers:
90% up to £500,000, 85% up to £750,000, 80% up to £850,000, 75% up to £1m, 70% up to £2m. For loans above £2m please ask. Fees may be added. Conditions apply
Property:
We do not accept shared equity, right to buys, flats in converted office blocks, studio flats, or speculatively converted ex Local Authority blocks.
Age:
Minimum 18
Overpayments:
You can pay up to 10% of the mortgage balance each year without incurring any early repayment or administration charges. Subject to a minimum payment of £2,000, based on the outstanding balance as at the previous 31st March each year
This does not apply to flexible products
Term:
Maximum: To normal retirement age. Minimum: 10 years (shorter terms considered by exception where we are satisfied that ability to pay exists)
Income Multiples:
4.5 x main income plus 1 x second allowable income or 4 x joint income if greater
Refinance:
Debt consolidation up to 90% Loan to Value (LTV) subject to clean credit history (see General Lending Criteria) where all other standard lending criteria is satisfied
Higher Lending Charge:
Where the loan required exceeds 85% LTV of the lower of the purchase price or valuation and is not on a product described as 'Higher Lending Charge paid by Giraffe' the borrower will pay the following additional security fee on the excess loan over 75% LTV:
Higher Lending Charge Bands:
Over 85% to 90%: 7.25%.
Free Legals for Remortgagers:
If your product is described as ‘No legal fees (for remortgagers only)’ we will pay the fees for remortgages only via our nominated solicitors. Terms and conditions apply, see our General Lending Criteria.