Furness Building Society

# Fixed Rate Mortgages

## Fixed Rate Mortgages Guide

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Help plan your monthly budget with one of our great fixed rate mortgages. Mortgage repayments can often be your largest outgoing and by choosing one of our fixed rates you can have the confidence of knowing your monthly mortgage payment for a set period of time.

The Society offers a range of Fixed Rate mortgages and you should contact your local branch or Furness Direct on 0800 22 05 68 to get details of the deals currently available.

These are **LIMITED OFFERS** - contact us now to avoid disappointment.

Click on the options below to see our choice of products.

2 year fixed
› Find out more

2.69% mortgage from the Furness Building Society. £1250 product fee. Maximum LTV 90%. Early Repayment Charge of 2% for the first year and 1% for the second year.

**Representative Example**

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.69% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 23 years would require 24 monthly payments of £406.40 and 276 monthly payments of £799.22.

The total amount payable would be £412,053.32 made up of the loan amount plus interest (£410,338.32), an Application fee of £1,250.00, a CHAPS Fee of £20.00, a Valuation fee £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 , and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.10% APRC representative.

Please note the example above is for a house purchase on an interest only basis.

Initial Rate

2.69%

Followed by the Mortgage Variable Rate - currently

5.29%

The overall cost for comparison is

5.10%

Fixed for 5 years
› Find out more

This is a fantastic 5 year 2.38% mortgage from the Furness Building Society. £999 product fee. 80% Loan To Value. Early Repayment Charge of 5% in the first year, 4% in the second year, 3% in the third year, 2% in the fourth year and 1% in the fifth year.

**Representative Example**

A mortgage of £160,000 payable over 25 years initially on a fixed rate for 2 years at 2.38% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £319.40 and 240 monthly payments of £709.95.

The total amount payable would be £351,016.00 made up of the loan amount plus interest (£349,552.00), an Application fee of £999.00, a CHAPS Fee of £20.00, a Valuation fee £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 , and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 4.60 APRC representative.

Please note the example above is for a house purchase on an interest only basis

Initial Rate for 5 years

2.38%

Followed by the Mortgage Variable Rate - currently

5.29%

The overall cost for comparison is

4.60%

3 Year Fixed
› Find out more

1.98% fixed rate mortgage from the Furness Building Society. £999 product fee. Maximum LTV 80%. Early Repayment Charge of 3% for the first year, 2% for the second year and 1% in the third year of incentive.

Click here to register and apply online

**Representative Example**

A mortgage of £160,000 payable over 25 years initially on a fixed rate for 3 years at 1.98% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 22 years would require 36 monthly payments of £265.72 and 264 monthly payments of £709.97.

The total amount payable would be £358,462.00 made up of the loan amount plus interest (£356,998.00), an Application fee of £999.00, a CHAPS Fee of £20.00, a Valuation fee £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00, and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 4.80% APRC representative.

Please note the example above is for a house purchase on an interest only basis.

Initial Rate

1.98%

Followed by the Mortgage Variable Rate - currently

5.29%

The overall cost for comparison is

4.80%

5 year Fixed
› Find out more

2.98% mortgage from the Furness Building Society. £999 product fee. Maximum LTV 90%. Early Repayment Charge of 5% in the first year, and then tiered.

**Representative Example**

A mortgage of £180,000 payable over 25 years initially on a fixed rate for 5 years at 2.98% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £449.59 and 240 monthly payments of £798.12.

The total amount payable would be £399,988.20 made up of the loan amount plus interest (£395,524.20), an Application fee of £999.00, a CHAPS Fee of £20.00, a Valuation fee £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 , and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 4.70% APRC representative.

Please note the example above is for a house purchase on an interest only basis

Initial Rate for 5 years

2.98%

Followed by the Mortgage Variable Rate - currently

5.29%

The overall cost for comparison is

4.70%

3 Year Fixed
› Find out more

2.98% fixed rate mortgage from the Furness Building Society. £999 product fee. Maximum LTV 90%. Early Repayment Charge of 3% for the first year, 2% for the second year and 1% in the third year of incentive.

**Representative Example**

A mortgage of £180,000 payable over 25 years initially on a fixed rate for 3 years at 2.98% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 22 years would require 36 monthly payments of £449.59 and 264 monthly payments of £798.16.

The total amount payable would be £408,363.48 made up of the loan amount plus interest (£406,899.48), an Application fee of £999.00, a CHAPS Fee of £20.00, a Valuation fee £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00, and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.00% APRC representative.

Please note the example above is for a house purchase on a capital and interest basis.

Initial Rate for 3 years

2.98%

Followed by the Mortgage Variable Rate - currently

5.29%

The overall cost for comparison is

5.00%

2 year Fixed
› Find out more

3.75% mortgage from the Furness Building Society. No product fee. Maximum LTV 95%. Early Repayment Charge of 2% in the first year, and 1% in the second year.

**Representative Example**

A mortgage of £150,000 payable over 25 years initially on a fixed rate for 2 years at 3.75% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 23 years would require 24 monthly payments of £771.43 and 276 monthly payments of £893.70.

The total amount payable would be £265,630.52 made up of the loan amount plus interest (£265,130.52), a CHAPS Fee of £20.00, a Valuation fee £230.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 , and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.10% APRC representative.

Please note the example above is for a house purchase.

Initial rate

3.75%

Followed by the Mortgage Variable Rate - currently

5.29%

The overall cost for comparison is

5.10%

2 year fixed
› Find out more

2.69% mortgage from the Furness Building Society. £1250 product fee. Maximum LTV 90%. Early Repayment Charge of 2% for the first year and 1% for the second year.

**Representative Example**

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.69% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 23 years would require 24 monthly payments of £406.40 and 276 monthly payments of £799.22.

The total amount payable would be £412,053.32 made up of the loan amount plus interest (£410,338.32), an Application fee of £1,250.00, a CHAPS Fee of £20.00, a Valuation fee £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 , and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.10% APRC representative.

Please note the example above is for a house purchase on an interest only basis.

Initial Rate

2.69%

Followed by the Mortgage Variable Rate - currently

5.29%

The overall cost for comparison is

5.10%

Fixed for 5 years
› Find out more

This is a fantastic 5 year 2.38% mortgage from the Furness Building Society. £999 product fee. 80% Loan To Value. Early Repayment Charge of 5% in the first year, 4% in the second year, 3% in the third year, 2% in the fourth year and 1% in the fifth year.

**Representative Example**

A mortgage of £160,000 payable over 25 years initially on a fixed rate for 2 years at 2.38% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £319.40 and 240 monthly payments of £709.95.

The total amount payable would be £351,016.00 made up of the loan amount plus interest (£349,552.00), an Application fee of £999.00, a CHAPS Fee of £20.00, a Valuation fee £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 , and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 4.60 APRC representative.

Please note the example above is for a house purchase on an interest only basis

Initial Rate for 5 years

2.38%

Followed by the Mortgage Variable Rate - currently

5.29%

The overall cost for comparison is

4.60%

3 Year Fixed
› Find out more

1.98% fixed rate mortgage from the Furness Building Society. £999 product fee. Maximum LTV 80%. Early Repayment Charge of 3% for the first year, 2% for the second year and 1% in the third year of incentive.

Click here to register and apply online

**Representative Example**

A mortgage of £160,000 payable over 25 years initially on a fixed rate for 3 years at 1.98% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 22 years would require 36 monthly payments of £265.72 and 264 monthly payments of £709.97.

The total amount payable would be £358,462.00 made up of the loan amount plus interest (£356,998.00), an Application fee of £999.00, a CHAPS Fee of £20.00, a Valuation fee £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00, and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 4.80% APRC representative.

Please note the example above is for a house purchase on an interest only basis.

Initial Rate

1.98%

Followed by the Mortgage Variable Rate - currently

5.29%

The overall cost for comparison is

4.80%

5 year Fixed
› Find out more

2.98% mortgage from the Furness Building Society. £999 product fee. Maximum LTV 90%. Early Repayment Charge of 5% in the first year, and then tiered.

**Representative Example**

A mortgage of £180,000 payable over 25 years initially on a fixed rate for 5 years at 2.98% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £449.59 and 240 monthly payments of £798.12.

The total amount payable would be £399,988.20 made up of the loan amount plus interest (£395,524.20), an Application fee of £999.00, a CHAPS Fee of £20.00, a Valuation fee £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 , and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 4.70% APRC representative.

Please note the example above is for a house purchase on an interest only basis

Initial Rate for 5 years

2.98%

Followed by the Mortgage Variable Rate - currently

5.29%

The overall cost for comparison is

4.70%

3 Year Fixed
› Find out more

2.98% fixed rate mortgage from the Furness Building Society. £999 product fee. Maximum LTV 90%. Early Repayment Charge of 3% for the first year, 2% for the second year and 1% in the third year of incentive.

**Representative Example**

A mortgage of £180,000 payable over 25 years initially on a fixed rate for 3 years at 2.98% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 22 years would require 36 monthly payments of £449.59 and 264 monthly payments of £798.16.

The total amount payable would be £408,363.48 made up of the loan amount plus interest (£406,899.48), an Application fee of £999.00, a CHAPS Fee of £20.00, a Valuation fee £195.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00, and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.00% APRC representative.

Please note the example above is for a house purchase on a capital and interest basis.

Initial Rate for 3 years

2.98%

Followed by the Mortgage Variable Rate - currently

5.29%

The overall cost for comparison is

5.00%

2 year Fixed
› Find out more

3.75% mortgage from the Furness Building Society. No product fee. Maximum LTV 95%. Early Repayment Charge of 2% in the first year, and 1% in the second year.

**Representative Example**

A mortgage of £150,000 payable over 25 years initially on a fixed rate for 2 years at 3.75% and then on our Mortgage Variable Rate (MVR) of 5.29% (variable) for the remaining 23 years would require 24 monthly payments of £771.43 and 276 monthly payments of £893.70.

The total amount payable would be £265,630.52 made up of the loan amount plus interest (£265,130.52), a CHAPS Fee of £20.00, a Valuation fee £230.00, a Legal fee of £105.00, an Insurance Rearrangement fee of £25.00 , and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.10% APRC representative.

Please note the example above is for a house purchase.

Initial rate

3.75%

Followed by the Mortgage Variable Rate - currently

5.29%

The overall cost for comparison is

5.10%

A fixed interest rate mortgage is a loan where the interest rate applying to the loan is fixed for a specified period of time and does not change irrespective of any general interest rate changes which may apply from time to time. There may be a fee to pay to enable the funds to be reserved.

If you take out one of these loans your monthly repayments may be lower than they might otherwise be for the period of the fixed rate had the mortgage been at the Society’s standard variable rate. However with a fixed rate it is worth remembering that this could be higher than the Society’s standard variable rate.

For more information or to apply for this product you can:

Call: 0845 194 8669

› Find your nearest branch

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