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- Up to 90% LTV
- Minimum loan £15,000
- No maximum loan amount
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- Porting available
- Repayment terms available
- Interest-only/part and part terms by exception
Acceptable credit criteria
| County court judgments * | 0 in the last 24 months |
| Defaults * | 0 in the last 24 months |
| County court judgments and defaults ignored when one of the following applies | <£300 in total and satisfied > 12 months prior to the application Registered > 24 months whether satisfied or not |
| Missed mortgage/secured loan payments | 0 in the last 12 months and currently up to date |
| Unsecured arrears | 2 in the last 12 months and currently up to date |
| Maximum status | Currently up to date. Previous maximum status ignored |
| Communication, utility & mail order | Performance ignored where the account balance is less than £500 (Single or in aggregate) |
| Debt management plans | Satisfactorily conducted for minimum of 12 months |
| IVA/DRO/bankruptcy | Not acceptable |
| Repossessions | Not acceptable |
| Max plan LTV | 90% |
* All CCJs and defaults must be paid prior to the application or must meet our ignore CCJ/default criteria
Terms and conditions
Application fee £145 payable at time of application. This is to cover assessing and processing the application (even if the application is unsuccessful or is withdrawn). CHAPS fee deducted from loan. Please note that applications will not be processed until this fee is received.
The mortgage will revert to a rate of interest which will be at a variable rate above the Bank of England Base Rate (“BBR”) for the remainder of the loan. The rate will move up and down in line with BBR but if BBR falls below 0.00% the rate the customer is charged won’t change. Please refer to individual products for details on the rates applicable.
If your client makes any lump sum payments or repays the loan within a special deal period, an early repayment charge may be payable. Please refer to the early repayment charge section of the table for details. Payments up to a maximum of £499 per month can be made without incurring an early repayment charge.
A list of our fees and charges accompanies all Key Facts Illustrations (KFI).
Monthly interest - If your main mortgage account was taken on a monthly interest basis, then your Further Advance account will also incur interest monthly. Interest is added to the mortgage account for the period from the date the loan was made until the last day of that month. Thereafter, interest is charged monthly on the balance outstanding at the end of the last month. Your Mortgage Offer will have clarified any specific conditions in relation to how interest is charged. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.
Daily interest - If your main mortgage account was taken on a daily interest basis, then your Further Advance account will also incur interest daily. Interest is calculated daily on the sum outstanding at the end of the preceding day. Your Mortgage Offer will have clarified any specific conditions in relation to how interest is charged. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.
All mortgage products are subject to availability of funds and can be withdrawn at any time.
For interest only or part repayment/part interest only, it's your client's responsibility to ensure they have sufficient funds available at the end of the term with which to repay the loan.
All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged 18 or over. Maximum age at the end of the mortgage term is 85. Written quotations are available on request.
OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504).
Download the full mortgage terms and conditions.
YOUR CLIENT'S HOME MAY BE REPOSSESSED IF THEY DO NOT KEEP UP REPAYMENTS ON THEIR MORTGAGE
-
- Up to 90% LTV
- Minimum loan £15,000
- No maximum loan amount
-
- Porting available
- Repayment terms available
- Interest-only/part and part terms by exception
| MSV | LTV | Type | Term | Initial rate | Fee | ERC | Product code | |
|---|---|---|---|---|---|---|---|---|
| 90% | Fixed | 2 | 7.19% | 0.5% | Yes |
02518 KFAR2310 | ||
| 90% | Fixed | 5 | 7.09% | 0.5% | Yes |
02519 KFAR2310 |
| MSV | LTV | Type | Initial rate | Term | Fee | ERC | Product code | |
|---|---|---|---|---|---|---|---|---|
| 90% | Fixed | 7.19% | 2 | 0.5% | Yes |
02518 KFAR2310 | ||
| 90% | Fixed | 7.09% | 5 | 0.5% | Yes |
02519 KFAR2310 |
To find out more about the types of professions we'll consider click here.
Acceptable credit criteria
| County court judgments * | 0 in the last 36 months |
| Defaults * | 0 in the last 36 months |
| Missed mortgage/secured loan payments | 0 in the last 12 months and currently up to date |
| Unsecured arrears | 0 in the last 12 months and currently up to date |
| Maximum status | Must be currently up to date. Maximum 2 down in last 24 months |
| Debt management plans | Not acceptable |
| IVA/DRO/bankruptcy | Not acceptable |
| Repossessions | Not acceptable |
| Max plan LTV | 90% |
* Must be satisfied prior to mortgage application. Ignore if: <£300 in total and satisfied
Terms and conditions
Application fee £145 payable at time of application. This is to cover assessing and processing the application (even if the application is unsuccessful or is withdrawn). CHAPS fee deducted from loan. Please note that applications will not be processed until this fee is received.
On expiry of the fixed rate product, the mortgage will revert to a rate of interest which will be at a variable rate above the Bank of England Base Rate (“BBR”) for the remainder of the loan. The rate will move up and down in line with BBR but if BBR falls below 0.00% the rate the customer is charged won’t change. Please refer to individual products for details on the rates applicable.
If your client makes any lump sum payments or repays the loan within a special deal period, an early repayment charge may be payable. Please refer to the early repayment charge section of the table for details. Payments up to a maximum of £499 per month can be made without incurring an early repayment charge.
A list of our fees and charges accompanies all Key Facts Illustrations (KFI).
Interest is added to the mortgage account for the period from the date the loan is made until the last day of that month. Thereafter, interest is charged monthly on the balance outstanding at the end of the last month. Payments in excess of the required monthly payment will have the effect of reducing the balance outstanding and the amount of interest to be paid.
All mortgage products are subject to availability of funds and can be withdrawn at any time.
For interest only or part repayment/part interest only, it's your client's responsibility to ensure they have sufficient funds available at the end of the term with which to repay the loan.
All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged 18 or over. Maximum age at the end of the mortgage term is 85. Written quotations are available on request.
OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504).
Download the full mortgage terms and conditions.
YOUR CLIENT'S HOME MAY BE REPOSSESSED IF THEY DO NOT KEEP UP REPAYMENTS ON THEIR MORTGAGE