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    First Charges

    From 1% per month interest only, paid monthly in arrears by standing order mandate, or can be retained from within the facility (typical APR 30.4%).

    Second Charges

    From 1.5% per month interest only, paid monthly in arrears by standing order mandate or can be retained from within the facility (typical APR 38.3%).

    Retained Interest

    To assist in meeting monthly interest payments we can retain from the loan an amount representing a number of monthly interest payments. You can choose the number of months.

    The retained interest is still part of the capital sum of the loan so interest will be charged on this amount. The total loan must fit within the loan to value. If there is any retained interest that is not utilised by the time of redemption of the loan, you will be credited with this amount.

    Other Payments and Charges

    We deduct from your loan an arrangement fee at completion – we will discuss this with you at the outset.

    You will need to pay legal and valuation fees.