01702 538 800

Mortgages with no ERCs

Posted: 18/09/2018

No sting attached first and second charge mortgages.

With Brexit only 6 months away the UK economy faces uncertain times ahead and your customers may be looking for an added level of flexibility should their circumstances improve or change in the future.

Some specialist lenders offer fixed and variable rates with no ERCs meaning your customers are not restricted to the amount they can overpay each month, they can move the mortgage to another lender at any time or repay the loan in full – whatever suits them best.

First Charge Mortgages with No ERCs

· 2, 3 & 5 year fixed rates
· Up to 85% LTV
· No credit scoring
· Married sole applicants
· Wide range of income sources accepted
· All credit profiles considered

Second Charge Mortgages with No ERCs

· Variable rates from 3.89%
· Up to 90% LTV
· Loans up to £2.5m
· Employed, self-employed, contract workers, zero hour contracts, retired, benefits and DWP accepted
· All credit profiles considered

First Charge Buy to Lets with No ERCs

· Variable rates from 3.17% with up to 70% LTV
· CCJ/ secured/ unsecured arrears considered in last 36 months
· Up to 80% LTV
· Individuals/ Limited company SPV/ Trading limited companies

Here is a snippet of the criteria available, if you would like any further information, then call our Specialist Team on 01702 538 800 or arrange a call back.