Home Purchase
Remortgages, Additional Borrowing, Renewal Options
Interest Only & Retirement Interest Only
| Account | Term | Rate | Reverting to SVR** for the remainder of the term, currently | APRC - The overall cost for comparison is | Maximum loan to value (Variable) | Fees | Other features |
|---|---|---|---|---|---|---|---|
| Retirement Interest-only | 3 Years | 2.99% | 4.99% Variable | 4.8% | 55% | £495 with LPA*, £795 without LPA* | More |
| Interest-only | 2 Years | 2.19% | 4.99% Variable | 4.7% | 65% | Completion fee - £NIL | More |
| Interest-only | 3 Years | 2.49% | 4.99% Variable | 4.6% | 65% | Completion fee - £NIL | More |
*Lasting Power of Attorney. **Standard Variable Rate.
Generic mortgage information
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.
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 £200,000 up to 85% LTV
MAXIMUM TERM 40 years | MINIMUM TERM 5 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.