Your home may be repossessed if you do not keep up repayments on your mortgage. Think carefully before securing other debts against your home.
Period of Loan | Rate Payable |
Months 1 - 60 | 5.05% |
Month 61 Onwards | Standard Variable Rate, Currently: 8.39% |
Overall Cost For Comparison | 7.4% APRC |
153F
£999
£150
95% LTV
£40,000 to £500,000
Repayment Mortgage Only
Regular overpayments are not permitted during the life of the product. Regular overpayments are amounts collected with, and in addition to, your monthly mortgage payments. You can make capital repayments during the life of the product of up to 10% of the balance outstanding when the product was taken out without incurring an Early Repayment Charge. However, any additional amount repaid above the annual 10% permitted will be subject to an Early Repayment Charge. Following receipt of a lump sum payment, the amount of capital you owe will be re-calculated and the amount of interest you pay will be reduced immediately.
During the first 5 years any additional amount repaid above the 10% permitted will be subject to an Early Repayment Charge of 5% of the amount repaid in year 1, 4% of the amount repaid in year 2, 3% of the amount repaid in year 3, 2% of the amount repaid in year 4 & 2% of the amount repaid in year 5.