| Your home may be repossessed if you do not keep up repayments on your mortgage. |
1.10% discounted rate for term (click here)
terms
A variable rate, currently 4.99%, with a discount of 1.10% for the term of the mortgage, giving a current rate payable of 3.89%.
The overall cost for comparison is 4.1% APR
Payments to be made by direct debit.
Minimum term 5 years
The maximum loan to value is 75% for house purchase and remortgages.
Other lending criteria may apply - details available on request
fees / early repayment charges
Application fee of £199 payable when you apply
Completion fee of £599 payable at the start of the mortgage. This can be added to the loan as long as the total loan to value does not exceed 75%
Valuation fee - see charges page
A mortgage discharge fee and deed release fee, currently £90 and £50 respectively, payable at the end of the mortgage
An early repayment charge of 3.25% of the balance outstanding during the first 12 months
additional features
Option to link to Offset Share account (terms apply)
Make overpayments of 10% of the current balance during the first 12 months without any early repayment charges
This product is fully portable if the property is sold within the scheme period. The remainder of the scheme can be continued on a new mortgage for house purchase for a loan amount of no greater than that of the original mortgage advance, providing the redemption of the current mortgage and completion of the new mortgage are simultaneous. Any new mortgage is subject to status and valuation.
Our Mortgage Switch Service allows you free legal fees for your remortgage. You will be responsible for the cost of additional legal work e.g. first registration of land or adding a name to the title.
A personalised mortgage illustration is available on request.
This product sheet should be read in conjunction with the general terms and conditions.
| Your home may be repossessed if you do not keep up repayments on your mortgage. |
