Fixed rate at 5.49% until 31.06.2014

Completion Fees

A completion fee is payable when the mortgage completes and will incur interest if not paid with the first mortgage repayment

Is a booking fee payable?

A booking fee is payable upon application of a fixed rate mortgage and is non-refundable

Legal and Valuation Fees

Free legal fees are only available in England and Wales and where a standard remortgage is taking place. For Scottish cases we will contribute £150 towards the legal fees. If you would prefer to use your own solicitor we will contribute £150 towards the cost of the legal fees.

On Remortgages - Free Valuation Fee is for standard lenders valuation to a maximum property value of £500,000

Early repayment charges

Early repayment charges may be applicable and this will mean that if you repay all or part of your mortgage within the specified time you will be charged an early repayment fee applicable to the particular product. Overpayments are allowed up to 10% of the amount of the mortgage.

Additional borrowing limits

These may apply

What is Loan to Value

This represents the amount you can borrow against the value of your home or the purchase price of the property.

How much can I borrow?

Available for loans of £20,000 to £500,000 (refer for higher)

What is Floor Rate?

The Floor Rate refers to a rate below which your pay rate will not fall during the incentivised period.

What is HLC - Higher Lending Charge?

HLC - Higher Lending Charge is a fee charged by a mortgage lender where the amount borrowed exceeds a given percentage of the value of the property. This fee may be used by the lender to purchase an insurance policy designed to protect it (the mortgagee) against loss in the event of you defaulting and ceasing to repay your mortgage.

Notes

The Society's mortgage products change regularly. The above products are a guide and you should discuss your requirements with one of the Society's qualified Mortgage Interviewers