Standard Variable Mortgage

JUST WHAT YOU NEED FROM A MORTGAGE

• You can borrow up to 80% of the property valuation
• Mortgages from £20,000 to £500,000
• Payment holidays and pay-less options available

THE PERFECT LOCATION

• Competitive rates
• Quick decisions
• Dedicated, experienced mortgage advisers

IDEAL FOR HOMEOWNERS WHO

• Are first-time buyers
• Are moving house
• Are re-mortgaging from another lender

This mortgage applies to Gibraltar properties only.

WHAT INTEREST IS CHARGED?

• Your mortgage interest rate may rise and fall in accordance with market conditions during the mortgage term.
• Your monthly payment amount will only change once a year under our annual review procedure.

HOW MUCH CAN YOU BORROW?

• Up to 80% of our mortgage valuation of the property or the purchase price, whichever is lower.

PAYMENT HOLIDAYS AND PAY-LESS OPTIONS

• You may need to skip a few payments or pay a bit less some months. This is fine by us as long as you've already overpaid enough to cover the missing amounts. We'll ask you to fill in a form to set out exactly what you want to do and for how long.

MINIMUM ADVANCE

• The standard minimum advance is £20,000.

EARLY REPAYMENT

• You can pay off your mortgage early whenever you want, but an early repayment charge may be payable.
• You have the option of repaying up to 10% (or £10,000, whichever is lower) per annum without penalty.