Legal Assisted 10 Year Fixed Rate Mortgage
RATES CORRECT AS AT 02 January 2024
Fixed up to and inc. 30/04/2034
Then changing to the Society's SVR, (currently)
For the remaining term of the mortgage
The overall cost for comparison is
Maximum loan to value
FEES AND CHARGES WILL APPLY, SOME OF WHICH ARE NON-REFUNDABLE, SEE BELOW.
Your property could be repossessed if you don't keep up your mortgage repayments.
A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 10 years at 4.88% and then on our current Standard Variable Rate of 8.24% (variable) for the remaining 15 years would require 120 monthly payments of £1038.67 and 180 monthly payments of £1283.15.
The total amount payable would be £356,641.40 made up of the loan amount plus interest of £175,607.40 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.
The overall cost for comparison is 6.1% 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.
- Interest calculated daily.
- Maximum loan £2,000,000.
- The Society will assist in covering the basic legal costs of a standard re-mortgage.
- 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 30 Apr 2034.
Application Fee (payable on application - non-refundable)
Product Fee (payable on application - this is refundable should the mortgage not complete)
Mortgage Exit Fee
Like the sound of this mortgage?
If you apply for a residential mortgage online you won't receive advice from us. You'll need to make your own choice about which mortgage is suitable for you. This means we won't assess the suitability of the mortgage to your needs and circumstances.
If you’d prefer to get some advice, you can make an appointment to speak to one of our qualified mortgage advisers. They’ll advise you on which mortgage is suitable for you based on your needs and circumstances.