4.49% fixed until 31.03.2030.

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

6.8% APRC

Fees

Arrangement fee - £999 (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 – dependent on the property value

Incentives

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:

5% until 31.03.2026

4% until 31.03.2027

3% until 31.03.2028

2% until 31.03.2030

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.

Portability

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

Adding fees

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.

Interest Only

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.

Eligibility

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 4.49% until 31.03.2030, and then on our Standard Variable Rate, currently 8.10%, for the remaining 22 years. The initial term would require 64 monthly payments of £1,052.40 followed by 260 monthly payments of £1,427.93.

The total amount payable would be £440,269.40, made up of the loan amount (£197,396.00), plus interest (£241,219.40), Arrangement Fee (£999), Standard Valuation Fee (£285), Solicitor Fee (£250), Funds Transfer Fee (£20), and a Mortgage Exit Fee (£100).

The overall cost for comparison is 6.8% APRC.