A variable rate, currently 4.99%, with a loading of 0.4% for 36 months, giving a current rate payable of 5.39%, followed by the Melton Mowbray Building Society's Standard Variable Rate, currently 4.99%, for the remaining term of the mortgage.
The overall cost for comparison is 5.4% APR

Payments to be made by direct debit.
Minimum term 5 years
The maximum loan to value is 95% for house purchase
Minimum property value of £90,000
Other lending criteria may apply - details available on request

Application fee of £399 payable when you apply
Completion fee of £599 payable at the time of legal completion. This can be added to the loan as long as the total loan to value does not exceed 95%
Valuation fee - see charges page
An early repayment charge of 3.25% of the balance outstanding during the first 3 years
A mortgage discharge fee and deed release fee, currently £90 and £50 respectively, payable at the end of the mortgage

Option to link to an Offset Share account (terms apply)
Make overpayments of up to 10% of the current balance each year without any early repayment charges
The Society will pay the Higher Lending Charge up to a maximum of 95% loan to value
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.

A personalised mortgage illustration is available on request.
This product sheet should be read in conjunction with the general terms and conditions.