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Home – Retentions Products – Income Flex Retentions – 2 Year Fixed (IRO2YRF80)

Income Flex Retentions – 2 Year Fixed

IFRF17 With effect from 01 July 2025

Initial Interest Rate
i

Fixed for 2 years from date of completion.

5.39% fixed
Max Loan to Value (LTV)
i

Maximum loan to value available:

80%
Product Fees
i
Application fee
Free
Completion fee
Free
Free
Overall Cost for Comparison
i

The overall cost for comparison

6.8% APRC representative

Please note your home may be repossessed if you do not keep up repayments on your mortgage

Fee information

Application fee
Free
Completion fee
Free
Valuation fee
Not applicable
Early repayment charge
During year 1: 2% of the amount repaid early plus fees During year 2: 1% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable if you repay any amount in excess of 10% of the mortgage balance in any one year.
Overpayments
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Mortgage exit admin fee
£125 (non-refundable)

Representative Example

A Mortgage of
A mortgage of £233,000
Payable term
Payable over 29 years
Initial rate and term
Initially on a fixed rate for 2 years of 5.39%
Followed by
Our Homeowner Variable Rate of 6.89% for the remaining 27 years
Monthly payments
24 payments of £1,325.13 followed by 324 payments of £1,538.00
Total amount payable
The total amount payable would be £530,240.12 made up of the loan amount plus interest (£297,115.12) plus the fees below
Arrangement fee
Free
Mortgage exit administration fee
£125 (non-refundable)
Valuation fee
Free
Cost for comparison
6.8% APRC representative

Standard Features

  • Available on properties in England, Scotland and Wales
  • Additional borrowing is available for existing mortgages
  • Interest calculated on a daily basis
  • Portable up to the existing mortgage balance
  • Tariff of charges during the life of any mortgage available on request
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