4.70% which includes a 0.50% discount from our standard variable rate for 5 years followed by our standard variable rate for the remainder of the term, currently 5.20%.
Early Repayment Charge
No early repayment charges apply to this mortgage.
An arrangement fee of £499 applies where loan to value is less than 80% or where additional security is in the form of cash.
An arrangement fee
of £899 applies where loan to value is over 80% and additional security is a first or second legal charge over the parents’ house.
This fee can be added to the loan on completion as long as the loan to value does not exceed 100% as a result. This will result in interest being charged on it making the overall fee greater over the term of the mortgage.
A valuation fee is payable. This amount varies depending upon the value of the property. Click here
for our latest valuation fee scale.
For a comprehensive list of other fees and charges that may apply to you as a mortgage customer, click here
Minimum age of student: 18
Maximum age of student at application: 29
Maximum age of parents at maturity: The earlier of retirement age or 75
Minimum term: 5 years, maximum 25 years
Minimum loan size: £125,000
Maximum loan size: £300,000
Maximum property value: £300,000
Minimum property value: £125,000
Property location: England & Wales (must be within 10 miles of university campus)