|Product code||Product ||Revert to rate||Overall cost for comparison||Maximum LTV%||Maximum loan||Product fees|
|FE116||2.99% fixed until 28 February 2022||SVR, currently 5.24%||4.9% APRC||5%||£250,000||£999 arrangement fee |
 Early Repayment Charges may apply during the product term. Your client can overpay up to 10% of the original mortgage amount each year without charge. If they redeem or switch their mortgage to another product during the product term the full Early Repayment Charge will apply. For further details contact a member of the team.
 Arrangement fees can be deducted from the amount borrowed or added to the mortgage.
Income multiples and affordability
Our affordability calculator is available on our website - www.thetipton.co.uk.
Once affordability is satisfied, we apply a 4.5 times income multiple to determine the maximum level of borrowing.
To verify if your clients meet affordability criteria, contact a member of the team directly.
Before you submit an application it’s always beneficial to complete a decision in principle (DIP) application form first. You can access our online form from our website.
On receipt of a DIP, a member of our team will advise whether or not we can assist, and if so, how much your clients are able to borrow. We aim to respond to all DIPs within 24 hours.
To help us reduce the time it takes to issue your clients with their mortgage offer, the following items are required as
We aim to issue a mortgage offer within 14 working days of receipt of a fully packaged mortgage application.