6.99% Tracker Discount for 3 Years

7.25% Tracker

6.99% Tracker Discount for 3 Years

7.25% Tracker

Up to £300,000 105% LTV (Rmg 105%)

Mortgage is Portable, Mortgage is Flexible, Under payments allowed., Overpayments allowed.

If move to another property (‘the new property’), you may transfer all or part of your loan to a mortgage of the new property if the following conditions are satisfied:

you must have had your original mortgage with Mortgage Express for at least six months from completion;

you must have paid the monthly payments due under your original mortgage in full and on time;

the amount transferred must be at least £25,000;

Mortgage Express must be satisfied that the new property gives the Mortgage Express adequate security for the amount transferred;

the new mortgage must be a first mortgage of the new property and must be in a form satisfactory to Mortgage Express.

Mortgage Express must be satisfied with the results of any credit reference agency searches Mortgage Express makes about you at the time of the transfer.

If your original mortgage includes conditions:

stating that Mortgage Express will charge interest on the loan (or the part transferred) at a fixed, capped or discounted rate; and/or

requiring you to pay an early repayment charge.

and the period for which those conditions apply has not expired at the time of the transfer, the conditions will continue to apply to the loan (or the part transferred) during the remainder of that period.

If only part of the loan is transferred to the mortgage of the new property, you will have to pay any early repayment charge, which applies to the part, which is not transferred.

If the amount which you wish to borrow under the mortgage of the new property is more than the amount of the loan, you should contact Mortgage Express to see if they are able to provide the additional amount. Mortgage Express can not guarantee that they will be able to lend you the additional amount. Any additional amount which the Lender does lend may be lent on different terms from those which apply to the loan.

If you complete the sale of the original property before you complete the purchase of the new property, you will have to repay the debt in full on completion of the sale of the original property, together with any early repayment charge which applies. Mortgage Express will refund the early repayment charge (or part of which you paid on the part of the loan which is transferred to the mortgage) when you complete the purchase of the new property.

Mortgage Express require a repayment vehicle to be in place for all Interest Only applications. Acceptable repayment vehicles, which must be for the life of the loan and also include life cover are, Endowment, Pep, ISA, Pension Plan.

For more information on the specific terms for each product, please contact Mortgage Express direct.

Maximum term for repayment mortgages is 25 years, and for endowment mortgages is 35 years. Maximum term for Pension/PEP/ISA is 45 years.

Mortgage is flexible using Choices. Part/full capital repayments may be liable to Early Repayment Charges. Choices is available on all products.).

Product is not CAT standard.

Payment Holidays Allowed. By making overpayments to the mortgage account you will build up a ‘Choices’ credit balance. If the LTV is less than 95%, you may use the ‘Choices’ credit balance to take a payment Holiday until you have used up the credit balance, no direct debit will be collected (for a maximum of 6 consecutive months), unless Mortgage Express agrees a longer period.

Borrow Back Allowed. By making overpayments to the mortgage account you will build up a ‘Choices’ credit balance. If the LTV is less than 95%, you may use the ‘Choices’ credit balance by obtaining a ‘funds release’, all or part of the Choices credit balance will be sent to you, (up to 2 such releases are permitted in any year).

Free Valuation

Under the ‘Choices’ scheme, which applies to the mortgage, you can make regular overpayments as follows:

a) The overpayments must be made with the regular monthly payment and the total amount must be paid by direct debit.

b) Each overpayment must be a sum, which is a multiple of £5.

c) The minimum overpayment is £25 and the maximum is 100% of the monthly payment.

To make or vary an overpayment, you must send Mortgage Express a completed ‘Choices’ amendment form.

Please note

If the debt is decreased by any overpayment you make, it will reduce the amount of interest you are charged from the next month.

It will also result in a reduction in any early repayment charge amount referred to in Section 10.

By making overpayments to the mortgage account you will build up a ‘Choices’ credit balance. If the LTV is less than 95%, you may use the ‘Choices’ credit balance to make Underpayments, an amount less than a normal monthly payment will be collected until you have used up the credit balance.

The mortgage is available to a maximum of 105% of the property valuation or purchase price, whichever is lower.

Capital Rest Period : Monthly

Repayment Yes

Endowment Yes

PEP Yes

Pension Yes

Interest only (no RV) Yes

With Profits Yes

Unit Linked Yes

ISA Yes

Split Repayment No

Arrangement : £999 Can be Added

Booking : None

5% of loan to be paid within first 3 Years

None

Basic:

Free

Homebuyers:

upto £100,000 - £499

upto £150,000 - £559

upto £200,000 - £609

upto £250,000 - £674

upto £300,000 - £719

upto £350,000 - £769

upto £400,000 - £814

upto £450,000 - £879

upto £500,000 - £919

upto £600,000 - £999

upto £700,000 - £1149

upto £800,000 - £1249

upto £900,000 - £1349

upto £1,000,000 - £1449

upto £1,200,000 - £1649

upto £1,400,000 - £1849

upto £1,600,000 - £2049

upto £1,800,000 - £2249

upto £2,000,000 - £2449

Min Valuation £30000

The valuation fee charged is based on the estimated valuation at the time of application.

Added fees will not be included in this calculation.

Mortgage Administration Fee - £250.00 Payable on redemption. Payable with the final repayment of the mortgage and will be added to the amount to be repaid. This fee covers the cost to us of the maintenance and general administration of mortgages, excluding arrears and default administration. This fee will only be varied to reflect any changes to our administration costs.

Lenders Conveyancing Fee - £177.00 Payable on completion. A non-refundable fee paid to your conveyancer before the loan starts. The figure quoted here is an estimate and only based on the work that the conveyancer will do for the Lender, the total fee for conveyancing may be higher.

Freehold Flat No

Purpose Built Flat Yes

Converted Flat Yes

Flat Over Shop Refer

Maisonette Yes

Studio Flat Yes

Flying Freehold Refer

Thatched Yes

Timber Framed Yes

Concrete Yes

Agricultural Tie Refer

Flat Over 4 Storeys Refer

Listed Building Refer

Not Accepted

New Build acceptable. Minimum purchase price £70k for properties within the M25.

Retirement flats/Warden assisted dwellings are unacceptable properties

Timbered framed, must have brick outer skin.

Concrete, subject to type, please refer.

Ex-council flats are acceptable. Please refer To Mortgage Express for further details.

Will lend on Adjoining properties

Accepted Locations : England, Scotland, Wales, N Ireland

Bank Statements No

At Least 3 Months Pay Slips Yes

P60 Yes

Proof Of Residency Yes

Life Policy To Be Assigned No

Previous Lender References Yes

Buildings Conditional

Min Loan £40,000/Rmg £40,000

Max Loan £300,000/Rmg £300,000

Max Portfolio of BTL Loans none

Min Age 21 years

Max Age 75 years

Min Term 5 years

Max Term 40 years

Foreign Citizens Refer

Ex-Patriates Not Accepted

Based on Income > 1

3.5 + 0 or 2.75 joint

Based on Income > 15000

3.75 + 0 or 3 joint

Min months in current position 3

Min months in continuous service 36

Min no. of years accounts 2

Average years taken to calculate income 3

Will consider declining profit Refer

Mortgage Express now take into account secondary income from both the first and second applicants (as long as they are 21 or over). Applicants must have been in any second job for at least 6 months.

Applicant must be employed, self employed or receiving pension, 3 year employment history is required.

Hire Purchase Taken into account

Personal Loans Taken into account

Overdraft NOT Taken into account

Credit/Store Cards Taken into account

Child Maintenance Taken into account

Child Education NOT Taken into account

Extra Income:-

Other Income - Guaranteed Add 100% to income before multiply

Other Income - Regular Add 50% to income before multiply

Other Income - Irregular No

Investment Income Add 100% to income before multiply

Mortgage Subsidy Add 100% to income before multiply

Large Town Allowance Add 100% to income before multiply

Maintenance Payments No

Non Contributory Pension Add 100% to income before multiply

Car Allowance Add 100% to income before multiply

Capital Raising 95%

Home Improvements 95%

Debt Consolidation 95%

School Fees 95%

Holidays/Cars 95%

Buy Other Property 95%

Business Purposes 95%

Divorce Settlement 95%

Unencumbered 95%

Loan to Value 85% - 95% - for specific purposes including debt consolidation, except credit /store card debt, overdraft, liquidity injection (eg injection of new capital into ailing business) bankruptcy or repaying gambling debts.

Loan to Value 95% - 110% - Can only be considered to redeem the existing mortgage balance with the current lender. The new loan should not contain any element for costs (inc. redemption penalties), home improvement or equity buy out.

CCJs : Acceptable, max number 1, must be satisfied for at least 12 months

Defaults : Considered

Arrears : Not Acceptable

Bankrupt : Not Acceptable

Current IVA : Not Acceptable

Repossession : Not Acceptable

CCJ must have been satisfied for more than on year

Bankruptcy & IVA’s – Acceptable if Loan to Value is less than 60% if the item was registered 6 years or more ago and is now discharged.

All applicants are subject to credit scoring.

Applicants with defaults will be considered depending on credit score.

- Will judge customers with previous or existing adverse credit in a flexible manner and every case will be judged on its individual merits, along with the customer's ability to keep up repayments on the mortgage, taking into account his/her existing liabilities.

- Will consider cases of financial difficulty and mortgage arrears sympathetically.

- The Lender follows the general principles of the Council of Mortgage Lenders' Statement of Practice on Handling Arrears and Possessions, including :

- a) with your co-operation, developing a plan with you for dealing with your financial difficulties and clearing the arrears, consistent with both your interests and those of the Lender.

- b) possession of your property will be sought only as a last resort when attempts to reach alternative arrangements with you have been unsuccessful.