Mortgages FAQs
Everything you need to know about mortgages with ETA
For our current variable rate products, the maximum loan to value which we will currently consider is 95% of the value or the purchase price. The exception to this would be ‘right to buy’ purchases where we will consider lending 100% of the purchase price.
You can take a mortgage for up to 35 years, and you need to be aged 69 or under to apply.
We charge a one–off administration fee for our variable rate mortgage products – this will be discussed at your initial meeting with your IFA. This can be added to the loan balance or paid upfront. The fee is £500 for further advance or purchase applications and £1,050 for re-mortgage applications.
As secured loans, you may also incur valuation and legal fees when organising your mortgage. We can provide further information on these during the mortgage process.
Yes, first time buyers are welcome to apply for a mortgage and we will consider loans for up to 95% of the value of the property.
