With our minimum loan set to £500,000 (up to 75% LTV and 85% LTV in exceptional cases) we create truly bespoke solutions to meet clients’ unique needs.
OakNorth offers Lifetime Tracker Mortgage which typically follows the Bank of England base rate (floor limit applies). This product comes with two options: –
– Without Early Repayment Charges (ERC)– Flexibility to exit the mortgage early without the usual fees, should your circumstances change anytime during the mortgage term.
– With Early Repayment Charges (ERC)– Repay mortgage within a certain time period or make an overpayment that is more than overpayment allowance, an Early Repayment Charge may be payable.
A tracker mortgage is a type of variable rate mortgage, meaning your interest will rise and fall in line with another interest rate. Typically, they follow the Bank of England base rate during a specified period. The interest rate set is an agreed percentage above the Bank of England’s base rate. As the base rate changes, your interest rate will track these changes, and this will affect your monthly repayments accordingly.
Our open and honest approach to finding the right solution for our clients has seen us lend over £3 billion since September 2015
Solutions designed specifically for every client’s individual requirements.
Clear channels of communication with simple and speedy procedures.
If you are interested in taking out a mortgage with us, please call us on 0203 884 0914 or email us at email@example.com
Our office hours are from 9am to 6pm (BST) Monday to Friday.
At OakNorth we pride ourselves on creating tailored solutions that match the bespoke needs of our clients.
At OakNorth we aim to ensure all our customers are able to move quickly once they have found their ideal home. The first step is to contact one of our Mortgage advisers so that we can ascertain your current position and discuss how we might be able to assist you. A mortgage offer is usually made once you’ve had an offer accepted on a property. However, you can find out if you can get a mortgage and how much you can borrow, prior to finding a property, by approaching us for an ‘Agreement in Principle’ or a ‘Decision in Principle’. The Decision or Agreement in Principle gives you an indication of how much you can borrow. For further details- please contact our Mortgage advisers by phone on 0203 884 0914 or by email at firstname.lastname@example.org.
Yes, we do. Given that as a first-time buyer you are likely to be new to the mortgage process, we suggest that as a first step, you contact one of our qualified Mortgage Advisers who will be able to answer any of your questions, review your personal circumstances and recommend the most appropriate mortgage for you. Please call us on 0203 884 0914 or email email@example.com. We allow first time buyers to borrow up to 75% of the purchase price of the property.
Please contact our Mortgage Advisers by phone on 0203 884 0914 or by email at firstname.lastname@example.org.
Yes, we base our decisions on underwriting rules that take into account individual circumstances. You will need to have been trading for at least three years and be able to provide all the relevant documentation i.e. certified accounts.
Our qualified Mortgage Advisers are available to take your queries. Either call us on 0203 884 0914 or email us on email@example.com.
For further information on interest only mortgages, please call one of our Mortgage Advisers on 0203 884 0914 or email us at firstname.lastname@example.org. If preferred, you can also contact the Money Advice Service which is a free, unbiased and independent source of information that is available to everyone at www.moneyadviceservice.org.uk.
Reducing the term may increase your monthly payments. Please contact us on 0203 884 0914 or email email@example.com to discuss this.
We have various mortgage repayment types available. Please contact us on 0203 884 0914 or email firstname.lastname@example.org to discuss this.
There may be early repayment fees applicable to your mortgage. Please refer to your mortgage offer for more details. Alternatively, please contact us on 0203 884 0914 or email email@example.com to discuss this.
Please call us on 0203 884 0914 or email firstname.lastname@example.org to discuss.
Please call us on 0203 884 0914 or email email@example.com to discuss this.
Our only method of collecting payment is direct debit.
The first step is to contact your Mortgage Adviser as soon as possible so that we can look at ways in which we can assist you. You may wish to seek independent financial advice and free debt advice from agencies such as Citizens Advice Bureau or National Debtline.
The value of the property is one of the factors we take into consideration. We lend up to 75% of a property’s value (In exceptional cases, we can consider a maximum Loan to Value (LTV) of 85% if there is rapid amortisation to within normal limits), however each property is assessed on a case by case basis. If you are interested in taking out a mortgage with us, please call us on 0203 884 0914 to talk to one of our Mortgage advisers or email firstname.lastname@example.org.
We do allow customers to sell a property mortgaged with us. Please call us on 0203 884 0914 or email email@example.com to discuss this with one of our Mortgage Advisers.
The first step is for you and the person you wish to add to the mortgage to contact us on 0203 884 0914 or email firstname.lastname@example.org to talk to one of our experienced Mortgage Advisers. They will be able to answer any of your questions and talk you through the process.
The LTV is the total mortgaged value expressed as a percentage of the property’s value as determined by an independent valuer. For further information please see the money facts website. https://moneyfacts.co.uk/guides/mortgages/what-does-ltv-mean/
There are different document requirements depending on your circumstances. Please contact one of our Mortgage Advisers by phone on 0203 884 0914 or by email email@example.com.
Yes, the minimum loan value is £500,000. In exceptional cases, we can consider a minimum loan value below £500,000. Please contact us on 0203 884 0914 or email firstname.lastname@example.org to discuss this.
This is charged on some mortgages for arranging the product as part of the agreement. This product fee can be paid up-front or can be added to the total mortgage amount. If you add it to your mortgage, you will pay interest on it at the same rate as the rest of your borrowing. It may be a flat fee, or a percentage of the loan amount.
Maximum of two people can apply for a mortgage with OakNorth.
To be eligible for a mortgage with OakNorth, you must be between 18 and 65 years old. We can potentially consider lending to clients older than 65 years old, but this will be determined by the client’s individual circumstances.
The minimum term will be 12 months (Bridging loans can be lower as required), and the maximum mortgage term is 25 years. In some cases, we can consider higher term than 25 years if rationale can be clearly explained.
OakNorth does not currently offer payment holidays on mortgages. For more information on payment holidays please visit the Money Advice Service website.
Yes, we lend to people who do not reside in the UK. Please call us on 0203 884 0914 or email email@example.com for further information.
The type of mortgage will determine whether fees apply to overpayments. Please refer to your mortgage contract for details of fees.
If you change your mind after submitting your application, you will need to contact us on 0203 884 0914 immediately.
If your loan is interest only, your standard monthly payment will be the amount you need to pay each month to cover the interest that has accrued on the capital balance of your loan. It is based on how much interest will be paid over the term divided by the number of monthly payments.
If your loan is capital repayment, your standard monthly payment is the amount you need to pay each month to cover both the interest that has accrued on the capital balance of your loan and part of the capital. It is calculated to ensure that, if you make all of the required payments in full and on time, your loan will be repaid by the end of the term.
It will depend on the type of rate chosen by you. Please call us on 0203 884 0914 or email firstname.lastname@example.org for further information.