- All 90% LTV products will reduce by 0.20%.
- All 85% LTV products will reduce by 0.20%.
- All 80% LTV products will reduce by 0.10%.
- 60% LTV 2 year fixed rates will increase by 0.05%.
- New 3 and 5 year fixed 60% LTV products.
- All 70% LTV products will increase by 0.10%.
- The 0.10% discount for existing borrowers remains unchanged.
Equity Share loan criteria changes
- Currently, clients applying for an Equity Share loan need to provide a minimum 5% deposit of the redued price.
- With effect from tomorrow, clients applying for an Equity Share loan will need to provide a minimum 5% deposit of the full purchase price.
- This change will apply to any Decision In Principle (DIP) submitted on or after Thursday 8 May 2014. If you've already submitted a DIP for your client, this change won't apply.
How to reserve existing products
You can reserve products through NFI Online or NFI MTE until 5.00pm today (Wednesday 7 May 2014).
Paper applications must be faxed to 01604 852 879 before 5.00pm, or posted to the address below with a postmark no later than Wednesday 7 May 2014.
To secure the rate, the upfront non-refundable booking fee of £99 must be paid.
Northampton Service Centre (IPA)
Kings Park Road
Product Highlights for Purchase & Remortgage
|2 year fixed, 90% LTV||2 year fixed, 85% LTV||2 year fixed, 80% LTV|
|Purchase only||Purchase and Remortgage||Purchase and Remortgage|
|Product fee £900 or £400 for FTBs||Product fee £900 or £400 for FTBs||Product fee £900 or £400 for FTBs|
|£99 upfront non-refundable booking fee||£99 upfront non-refundable booking fee||£99 upfront non-refundable booking fee|