Residential mortgages
Our product range
- We offer fixed rate and tracker rate mortgages over terms of 2, 3, and 5 years
- The range of products is designed to offer you greater flexibility and choice
- Mortgages will be secured on your home
- Repayments are paid in equal monthly instalments (subject to the Bank of England Base Rate not changing for tracker rate products)
- Mortgages are subject to underwriting and criteria
- Failure to keep up with repayments could result in you losing your home.
If you would like further details on any of our mortgage products, please contact your banker or request a call back.
The Arbuthnot Latham Revisionary Rate is 9%
- This is the interest rate that will be charged once the initial deal period on a fixed or tracker mortgage comes to an end. This rate is variable and subject to change. When you are on this rate you will be notified of any change to the rate.
- We will write to you six months before your mortgage product is due to expire to provide information on our range of products and rates. If you choose not to take a new product with us, then the day after your current product expires the interest rate will change to the Arbuthnot Latham Revisionary Rate.
- Please contact your relationship manager if your product is due to expire and you do not wish to revert to the Arbuthnot Latham Reversion Rate.
The interest rate charged on a fixed rate mortgage remains the same for the duration of the fixed term. This means your monthly repayments will be the same and will not change if the Bank of England Base Rate varies. Arbuthnot Latham offer a range of fixed rate products with varying terms and rates.
The interest rate charged on a tracker rate mortgage is a set percentage above the Bank of England Base Rate. This means your monthly repayments may vary if the Bank of England decide to increase or decrease their Base Rate.
If you would like to find out about our mortgage products and rates, please get in touch with your banker. If you are not an existing Arbuthnot Latham client, please request a callback.
The maximum mortgage term is 15 years. During the term, you can switch from our range of 2-, 3- and 5-year products.
You will incur an arrangement fee which covers the cost of setting up the mortgage. This fee is based on the amount of the loan and is due before you drawdown your mortgage.
|
Arrangement fees |
|||||
|---|---|---|---|---|---|
|
Loan amount |
£0 - £999,999 |
£1m - £1,999,999 |
£2m - £3,999,999 |
£4m - £9,999,999 |
£10m and above |
|
Arrangement fee |
£5,000 |
£10,000 |
£20,000 |
£30,000 |
£50,000 |
There will be other fees charged by third parties to ensure the underwriting and completion of the mortgage such as valuation fees, legal, and brokers’ fees.
Applicants must be over 18 years of age.
Once you have signed the binding offer letter you have entered a contract and there is no cooling off period. If you want to cancel the mortgage, please get in touch with your banker as soon as possible to discuss your options.
- If your mortgage is drawn between the first and fifteenth calendar day of the month, your first repayment date will fall on the first day of the following month.
- If your mortgage is drawn between the sixteenth and the last day of the month, then your first repayment date will fall on the first day of the month in two months’ time.
Payments will then be due on the first day of each month thereafter. However, you may be able to request a different date. If this is the case, please raise this with your banker.
|
Date of draw down |
When will the first payment be due? |
Example |
|---|---|---|
|
Between day 1 and 15 of the month |
Day 1 of the next calendar month |
|
|
From day 16 to the end of the month |
Day 1 of the month, one full calendar month after the date of draw down |
|
Arbuthnot Latham & Co., Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential. Regulation Authority. Arbuthnot Latham & Co., Limited is on the Financial Services Register under Firm Reference Number 143336. Our registered office is Arbuthnot House, 7 Wilson Street, London EC2M 2SN. Registered in England and Wales No. 819519.
When your initial product expires (e.g., 2-year fixed rate), you will have the option to switch to a new product, depending on availability.
Three months before your product expires, we will write to you confirming the products and rates that are available to switch to.
If you wish to switch prior to your product expiring, please get in touch with your banker to understand if you are eligible to switch mid-term and whether any fees may apply.
If you choose not to take a new product with us, then the day after your current product expires the interest rate will change to the Arbuthnot Latham Reversion Rate. This rate can be found at the top of this page in the shaded box and is subject to change.
To give you time to consider your options, we will write to you in the lead up to your product expiring to help you understand the switching process and to give you information about our current range of mortgage products.
You can choose to remain on the Arbuthnot Latham Reversion Rate until the end of your mortgage term. Alternatively, you can still switch to a new product post-expiry of your mortgage product, but you will be charged the Arbuthnot Latham Reversion Rate for period between your current product ending and your new product starting.
To switch to a new product, you will be charged a switching fee that is dependent on the size of your mortgage. Your banker will advise you of the exact amount.
The fee will be collected from your loan servicing account or Arbuthnot Latham current account on the day your new product begins. If the account does not contain sufficient funds to pay the fee, this will delay the process and the rate quoted for your new product will not be guaranteed.
Your current mortgage provider may offer different features and overpayment limits when compared to Arbuthnot Latham. Your Arbuthnot Latham mortgage adviser will help you to select the mortgage product that is best suited to your current needs and explain the features and benefits of having a mortgage with us.
You will need to pay a one-off arrangement fee for setting up your mortgage with Arbuthnot Latham. Your Arbuthnot Latham mortgage adviser will advise you of all applicable fees during the advice process.