| Valid from |
18th April 2008; Supersedes previous product offerings |
| Currency |
Multi-currency (£, €, CHF, $, JPY) |
| Loan security |
First charge on property in the UK |
| Loan purpose |
Purchase, re-mortgage or equity release on residential or commercial property in the UK |
| Repayment method |
Capital & interest, or Interest Only |
| Interest rate |
Fixed margin above reference rate negotiated on an individual basis |
| Maximum LTV (based on lower of purchase price or valuation ) |
90% |
| Term |
Capital & interest: to 25 years
Interest Only: to 10 years |
| Minimum loan amount |
£150,000 |
| Maximum loan amount |
No upper limit |
| Arrangement fee |
% of loan amount negotiated on an individual basis |
| Valuation fee |
Payable by applicant |
| Legal fees |
Applicant is responsible for instructing a UK solicitor and their fees; and is responsible for the Bank’s legal costs |
| Early repayment charge |
Negotiated on an individual basis |
| Maximum number of joint applicants |
2 individuals |
| Eligibility |
Greek residents; or,
UK residents or expatriates retaining UK banking facilities
Must be at least 21 years old at application (70 or under at loan maturity) with a clean credit history, and stable earnings
Companies: must be non-trading, incorporated solely for the purpose of the transaction; members must meet individual eligibilty and guarantee the mortgage |
| Building insurance |
Required |
| Life insurance |
Recommended, not mandatory |