Purchase Only 5 Year Fixed Rate Mortgage

RATES CORRECT AS AT 07 March 2024

Initial rate
4.94%
Fixed up to and inc. 30/06/2029

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

The overall cost for comparison is
7.0%
APRC

Maximum loan to value
90%

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.

Representative Example

A mortgage of £150,000.00 payable over 25 years initially on a fixed rate for 5 years at 4.94% and then on our current Standard Variable Rate of 8.24% (variable) for the remaining 20 years would require 60 monthly payments of £870.77 and 240 monthly payments of £1128.93.

The total amount payable would be £323,224.40 made up of the loan amount plus interest of £173,189.40 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 7.0% 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 £600,000.
  • 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 30 Jun 2029.
  • 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

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.



The products and services on this site are available to UK residents only. Mortgage applicants must be 18 years or over. Mortgages are subject to eligibility, status and financial standing.