5.65% variable, which includes a 2.45% discount from our Standard Variable Rate for 3 years.

Our Standard Variable Rate* for the remainder of the term, currently 8.10%.

7.5% APRC

Fees

Mortgage exit fee - £100 (payable when the mortgage is fully repaid)

A full or partial capital repayment, which exceeds 10% of the capital balance amount in any one year will attract an early repayment charge of:

3% in the 1^st year

2% in the 2^nd & 3^rd year

Capital & Interest or Interest-Only

80%

Portability

This product is portable and can be transferred from the existing property to a new property.

Interest rate floor

The interest rate for this mortgage has a ‘floor’, which means that it will never fall below 2.50% during the discount period.

Interest Only

The mortgage is available on an interest-only basis providing a suitable strategy for repayment remains in place.

Eligibility

At the date of the product switch, the balance must be at least £25,000 and a term of at least 3 years must remain.

This information is to help you understand the typical cost of this mortgage and is not representative of your personal circumstances.

A mortgage of £56,010.00, payable over 18 years, on a capital and interest repayment basis, with an initial payable rate of 5.65%, which includes a 2.45% discount from our Standard Variable Rate (SVR) for 3 years and then on our SVR, currently 8.10%, for the remaining 15 years. The initial term would require 36 monthly payments of £413.70, followed by 180 monthly payments of £482.07.

The total amount payable would be £101,765.80, made up of the loan amount (£56,010.00), plus interest (£45,655.80), and a Mortgage Exit Fee (£100).

The overall cost for comparison is 7.5% APRC.