Retail Products

Bank Rate (br) means the Bank of England 'repro rate', view the current rate here...

Prime Status products...
LTV %	'2yr' fixed rate end date 31.10.10 (FS0165)	'5yr' fixed rate end date 31.10.13 (FS0166)
80%	7.29%	7.29%

	additional information about our Prime Status products
Reversionary Rate	br + 2.50%.
Minimum / Maximum advance	£50,000 / £500,000 up to 75% LTV, £300,000 up to 80% LTV.
CCJs	1 CCJ maximum £500 in the last 3 years (satisfied or not).
Arrears Secured Lending	No more than 2 months arrears in last 2 years (none in the last 3 months).
Arrears Unsecured Lending	No more than 2 months arrears on any unsecured agreement in the last 2 years.
Defaults	None in the last 2 years
Bankruptcies / IVAs	Discharged 3 years / Satisfied 3 years
Procuration Fee	View our procuration fees here.
Capital Repayments	10% capital repayments each mortgage accounting year without incurring early repayment charges.
Early Repayment Charges	5% of the amount repaid during the initial fixed rate or tracker period above any 10% capital repayment allowed.
Mortgage Application Fee	Application fee is £999 for all our products (unless otherwise stated), which can be added to the customer's loan on completion.
Insurance	No compulsory salt insurance. Your customer must insure their property for the reinstatement value recommended by the valuer.
Valuation / Packager Fee	Your customer may have to pay a valuation fee or other fees. (Please refer to your packager for details)
Higher Lending Charge	There is no higher lending charge on any of our products.
Please also see	Salt's lending policy for Residential products

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The retail section of this website is for professional mortgage advisers who are registered with the Financial Services Authority with mortgage permissions. Other persons must not rely on the information contained on this website. Our products are only available for properties in England and Wales. 'Salt' is a trading name of Derbyshire Home Loans Limited which is a wholly-owned subsidiary of Derbyshire Building Society. Registered in England and Wales. Company registration number 2628265. Registered office: Duffield Hall, Duffield, Derby, DE56 1AG. Status Disclosure.