|Account||Term||Rate||Fixed for two years from completion, then reverting to our SVR for the remaining term, currently||APRC - The overall cost for comparison is||Maximum loan to value (Variable)||Completion Fee|
|Two year fixed Rate||2 Years||3.73%||5.24%|
Repayment method capital and interest (repayment)
Minimum loan £25,000
Minimum property value £80,000 (£150,000 outside HU & YO postcodes)
Maximum term 40 years, minimum term 5 years
Subject to personal circumstances meeting Lending Policy
This product may be withdrawn without notice
Minimum age 18 years
Only available on properties in England and Wales
The APRC will depend on your individual circumstances
Overpayment of 10% of the mortgage can be repaid each year during the discount period. If an overpayment of more than this amount takes place a 2.00% early repayment charge will be applied.
A mortgage of £100,000 secured by a first charge on your main residential property, payable over 25 years initially on a fixed rate of 3.73% for 2 years and then on our Standard Variable Rate (SVR) of 5.24% (variable) for the remaining 23 years would require 24 monthly payments of £518.28 and 276 monthly payments of £598.83.
The total amount payable would be £179,629.17 made up of the loan amount plus interest (£79,629.17) including completion fee of £995.00, funds transfer fee £25.00, valuation fee £245.00, solicitors acting for the Society estimated cost £117.50, deeds sealing and dispatch fees of £200.00.
The overall cost for comparison is 5.4% APRC representative.
Tel: 01482 881510
At the end of the discounted period, we can offer you a transfer to a new scheme.
Free standard valuation and free legal fees for switching your existing mortgage to us for loans up to 80% LTV.
Interest is calculated daily. A European Standards Information Sheet (ESIS) illustration is available on request.
If the account falls into arrears the Society may revert the account to the SVR.
OFFSET SAVINGS FACILITY available up to 80% LTV. MAX 75% of loan balance, available on capital and interest mortgages only.
EARLY REPAYMENT CHARGE Overpayment of 10% of the mortgage can be repaid each year during the discount period. If an overpayment of more than this amount takes place a 2.00% early repayment charge will be applied.
MAXIMUM LOAN of £750,000 up to 65% LTV | MAXIMUM LOAN of £500,000 up to 80% LTV | MAXIMUM LOAN of £300,000 up to 90% LTV | MAXIMUM LOAN of £250,000 up to 95% LTV
MAXIMUM TERM 40 years | MINIMUM TERM 2 years | MINIMUM AGE 18 years
LTV = Loan to value | SVR = Standard variable rate
APRC = The annual percentage rate charge (APRC) is the total cost of the loan expressed as an annual percentage. The APRC is provided to help you compare different products.