Freestyle® Tracker
Why choose this mortgage?
If you're looking for a Bank of England base rate Tracker mortgage that also offers flexible options such as unlimited overpayments, offsetting, the ability to borrow more, or borrow back your overpayments, this could be the mortgage for you.
If you're looking for a Bank of England base rate Tracker mortgage that also offers flexible options such as unlimited overpayments, offsetting, the ability to borrow more, or borrow back your overpayments, this could be the mortgage for you.
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Special Offer |
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This feature is included in your mortgage |
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This feature can be added as an optional upgrade |
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This is an additional product to your mortgage |
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Benefits | The facts |
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No standard valuation fee and no standard legal fee with our Freestyle remortgage package.
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Only available for remortgages. Legal fees will increase if you require your own legal advice.
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Use your savings and cut years off your mortgage term or lower your monthly payments.
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Add this feature for a one-off fee of £99
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Make unlimited overpayments on any variable rate to reduce your term or monthly payments.
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Make regular or lump sum payments (minimum lump sum £1,000).
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Borrow back any overpayments you make at your current variable Tracker mortgage rate or choose from our additional borrowing product range available at that time. Your overpayments aren't locked into your mortgage.
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Borrowing back any overpayments you make will increase your payments and the amount secured on your home.
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Borrow additional funds at low mortgage rates, for any reason and at any time.
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A fee of £99 may apply to add the Cash Reserve facility. A drawdown fee, currently £20, will apply every time you drawdown funds.
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Reduce your initial costs by adding your fees to your Freestyle mortgage.
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Interest will be charged on your fee account at the Freestyle standard variable rate.
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The amount we lend you is tailored to your own income and expenditure.
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Get on the property ladder with your parents help.
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Your parents' income will be taken into account, allowing you to get a mortgage with your parents as guarantors.
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Take a break from your mortgage twice a year.
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Taking a payment holiday will increase your monthly payments, the interest payable and the remaining balance secured on your property.
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Maximise your child's tax-free savings benefit.
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Available to all Freestyle customers.
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Earn ISA rates exclusive to Freestyle customers
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Available to all Freestyle customers.
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Use your mortgage to buy a second property at preferential rates.
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Available on all Freestyle residential mortgages.
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The lower your loan to value tier, the better your rate.
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Your loan to value is the amount you want to borrow against the value of your property.
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Save money on fees.
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We don't charge you for borrowing on a higher loan to value.
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Move your mortgage when you move home.
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For any additional funding you need, we'll offer you our current product offering at this time.
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Interest is calculated daily so as your mortgage balance falls, the amount of interest charged falls immediately.
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This also means if you make an overpayment, you can see the benefits immediately.
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Additional services
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Income self-verification
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If your loan to value is less than 75%, you might not be required to verify your income.
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Self build assistance
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We can assist with a mortgage if you're building your own home.
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New build priority service
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Let us know that your property is a new build and with your assistance, we can strive to meet a 28 day timescale to Formal Offer that complies with the exchange of contracts.
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Parental Affordability Boost
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Finding it hard to get on the property ladder? With our Parental Affordability Boost, your parents' income is taken into account allowing you to get a mortgage with your parents acting as guarantors. You could then be on your way to buying your first home. Parents should seek independent financial advice.
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