Borrowers who are buying or remortgaging their home, have at least 20% deposit/equity and want fixed repayments for a set period.
Borrowers who plan to repay more than 10% in any one year during the fixed period or do not plan to live in the property.
4.39% fixed until 31.01.2028.
Our Standard Variable Rate* for the remainder of the term, currently 8.10%.
7.3% APRC
Arrangement fee - £499 (Can be paid up front or added to the loan)
Funds transfer fee - £20 (payable before completion)
Mortgage exit fee - £100 (payable when the mortgage is fully repaid)
Standard Valuation Fee – (Amount varies dependent on the property value)
None.
A full or partial capital repayment, which exceeds 10% of the capital balance amount in any one year during the fixed period, will attract an early repayment charge of:
3% until 31.01.2026
2% until 31.01.2028
Purchase or Remortgage
Capital & Interest or Interest-Only
80% - Capital & Interest
60% - Interest-Only
Minimum £50,000 – Maximum £500,000
A minimum loan amount of £100,000 applies to customers outside postcode prefixes: BL, CH, CW, M, OL, SK, WA or WN.
This product is portable and can be transferred from the existing property to a new property.
If you add the arrangement fee to the loan, then interest will be charged on it resulting in a greater amount payable over the term of the mortgage.
The mortgage is available on an interest-only basis providing the loan-to-value does not exceed 60%. A suitable strategy for repayment must be in place.
Property must be in England and Wales with a value of £125,000 or more.
Mortgages are subject to underwriting.
This information is to help you understand the typical cost of this mortgage and is not representative of your personal circumstances.
A mortgage of £197,396.00, payable over 27 years, on a capital & interest repayment basis, initially on a fixed rate of 4.39% until 31.01.2028, and then on our Standard Variable Rate, currently 8.10%, for the remaining 24 years. The initial term would require 39 monthly payments of £1,041.48 followed by 285 monthly payments of £1,456.48.
The total amount payable would be £456,850.58, made up of the loan amount (£197,396.00), plus interest (£258,300.58), Arrangement Fee (£499), Standard Valuation Fee (£285), Solicitor Fee (£250), Funds Transfer Fee (£20), and a Mortgage Exit Fee (£100).
The overall cost for comparison is 7.3% APRC.
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