Standard Variable Rate Mortgage
RATES CORRECT AS AT 18 April 2020
The Society's SVR applies, (currently)
5.29%
For the remaining term of the mortgage
The overall cost for comparison is
5.4%
APRC
Maximum loan to value
85%
FEES AND CHARGES WILL APPLY, SOME OF WHICH ARE NON-REFUNDABLE, SEE BELOW.
Representative Example
A mortgage of £25,000 payable over 25 years on our Standard Variable Rate for the mortgage term of 25 years at our current rate of 5.29% (variable) would require 300 monthly payments of £150.25.
The total amount payable would be £45,109.60 made up of the loan amount plus interest of £20,074.60 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.
The overall cost for comparison is 5.4% 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
- No Early Repayment Charges apply.
- Unlimited capital repayments are allowed.
- Maximum loan £500,000.
- Interest calculated daily.
- This product is not available to interest only applications.
- Free standard valuation up to £999
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