Please note:

First Homes Purchase Only 5 Year Fixed Rate Mortgage

RATES CORRECT AS AT 19 November 2021

Initial rate
1.84%
Fixed up to and inc. 28/02/2027

Then changing to the Society's SVR, (currently)
5.29%
For the remaining term of the mortgage

The overall cost for comparison is
4.0%
APRC

Maximum loan to value
75%

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

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 5 years at 1.84% and then on our current Standard Variable Rate of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £748.56 and 240 monthly payments of £1014.95.

The total amount payable would be £289,334.80 made up of the loan amount plus interest of £108,500.80 and application fee £0, product fee £799, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 4.0% 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)

£799

Mortgage Exit Fee

£199

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