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|
Initial Variable Rate, Currently:
|Month 25 onwards||
Standard Variable Rate, Currently:
|Overall cost for comparison||4.9% APRC|
Interest Rates are variable. All discounts are off our Standard Variable Rate. If our Standard Variable Rate changes, your monthly repayments could go up or down.
No Product Fee
£40,000 to £500,000 for any single property
Mixed Repayment/ Interest only mortgages will be considered. For new borrowers the interest only element cannot exceed 50% LTV. Existing Society borrowers will be allowed to transfer their existing interest only loan if they move house but any additional borrowing must be on a repayment basis. All borrowers will be required to provide evidence of how they intend to repay interest only loans.
You can make capital repayments without an Early Repayment Charge
A mortgage of £134,956.00 payable over 28 years and 8 months initially on a discount rate for 2 years at 2.55% and then on our current variable rate of 5.24% for the remaining 26 years and 8 months, would require 24 monthly payments of £553.42 and 320 monthly payments of £745.58.
The total amount payable would be £252,267.68 made up of the loan amount plus interest (£116,911.68), Mortgage Discharge & Sealing Fee (£75.00), Despatch Of Title Deeds Fee (£50.00), Telegraphic Transfer Fee (£25.00) and Legal Fees (Estimated £250.00).
The overall cost for comparison is 4.9% APRC representative.