Please note:

Purchase Only 3 Year Fixed Rate Mortgage

RATES CORRECT AS AT 20 October 2023

Initial rate
6.44%
Fixed up to and inc. 28/02/2027

Then changing to the Society's SVR less a discount of 0.75%, (currently)
7.49%
Up to and inc. 28/02/2029

Then changing to the Society's SVR, (currently)
8.24%
For the remaining term of the mortgage

The overall cost for comparison is
7.8%
APRC

Maximum loan to value
95%

FEES AND CHARGES WILL APPLY, SOME OF WHICH ARE NON-REFUNDABLE, SEE BELOW.

Representative Example

A mortgage of £120,000.00 payable over 25 years initially on a fixed rate for 3 years at 6.44% and then a 0.75% discount on our current Standard Variable Rate of 8.24% giving a rate of 7.49% for 2 years and then on our current Standard Variable Rate of 8.24% for the remaining 20 years would require 36 monthly payments of £804.92, 24 monthly payments of £878.17 and 240 monthly payments of £928.85.

The total amount payable would be £273,011.42 made up of the loan amount plus interest of £152,976.42 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 7.8% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Additional features

  • Interest calculated daily.
  • Maximum loan £500,000.
  • Free standard valuation up to £999 .
  • This product is not available to interest only applications.
  • 10% capital repayments are allowed each year during the fixed rate period without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 28 Feb 2027.
  • Only available for house purchases.

Fees

Application Fee (payable on application - non-refundable)

£0

Product Fee (payable on application - this is refundable should the mortgage not complete)

£0

Mortgage Exit Fee

£199

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