First Start
Mortgages
First Start Range
- Up to 4.5x sole income, 4x joint income
- Greater borrowing power
- Up to 95% LTV
- Choice of property ownership
- Purchase or remortgage
- 10% overpay (see criteria)
A mortgage that offers First Time buyers greater purchasing power, to allow clients to take their first step onto the property ladder. First Start is open to all occupations, not just graduates. It is not exclusively restricted to first time buyers - can be used by those relocating to a more expensive area or a divorced/separated borrower.
It uses the main earning parent's income as the primary source and the main child's income as the secondary source, either on a joint or +1 basis.
|
Rate |
Description |
Max LTV |
Features |
Early Repayment Charges |
Code |
7.69%
|
A fixed rate of 6.45% for 3 years until 31/08/2011, then changing to 7.09% which is our Standard Variable Rate for the rest of the mortgage period. Product to be withdrawn - available until 5pm Friday 22nd August. More.. |
95% |
£499 arrangement fee. Higher Lending Charge paid by Bristol & West Mortgages. Valuation fee paid by Bristol & West Mortgages. No extended tie in. |
3% of the sum repaid until 31/08/2011 Part repayment administration fee: £50. Lending fee: £195* |
ANU |
7.69%
|
A fixed rate of 6.45% for 3 years until 31/08/2011, then changing to 7.09% which is our Standard Variable Rate for the rest of the mortgage period. Product to be withdrawn - available until 5pm Friday 22nd August. More.. |
95% |
£499 arrangement fee. Higher Lending Charge paid by Bristol & West Mortgages. Valuation fee paid by Bristol & West Mortgages. No extended tie in. |
5% of the sum repaid until 31/08/2013 Part repayment administration fee: £50. Lending fee: £195* |
ANV |
6.99%
|
A fixed rate of 6.99% for 3 years until 31/10/2011, then changing to 7.09% which is our Standard Variable Rate for the rest of the mortgage period. |
95% |
£499 arrangement fee. Higher Lending Charge paid by Bristol & West Mortgages. Valuation fee paid by Bristol & West Mortgages. No extended tie in. |
3% of the sum repaid until 31/10/2011 Part repayment administration fee: £50. Lending fee: £195* |
AQA |
6.99%
|
A fixed rate of 6.99% for 5 years until 31/10/2013, then changing to 7.09% which is our Standard Variable Rate for the rest of the mortgage period. |
95% |
£499 arrangement fee. Higher Lending Charge paid by Bristol & West Mortgages. Valuation fee paid by Bristol & West Mortgages. No extended tie in. |
5% of the sum repaid until 31/10/2013 Part repayment administration fee: £50. Lending fee: £195* |
AQB |