2 Year Discount at 5.09% Further Advance
Product Overview
Initial variable rate for 2 years
2.90% discount off our Mortgage Variable Rate5.09%
Maximum LTV
90%
The overall cost for comparison is
7.7%
APRCProduct Fee
No Fee
Your home may be repossessed if you do not keep up repayments on your mortgage.
PRODUCT CODE - FSADV13
This is a 5.09% 2 year discounted variable rate mortgage. The overall mortgage must not exceed 90% LTV.
This mortgage is only available for Further Advances.
The minimum loan amount is £5,000 and the maximum loan amount is £250,000.
The maximum term available is 40 years.
This product has a floor rate.
There may be other fees and charges when taking out a mortgage with us – please see mortgage fees and charges for more information
Representative Example
A mortgage of £200,000 payable over 25 years initially on a discount rate for 2 years at 5.09% and then on our Mortgage Variable Rate (MVR) of 7.99% for the remaining 23 years would require 24 monthly payments of £1,179.84 and then 276 monthly payments of £1,519.58.
The total amount payable would be £447,840.21 made up of the loan amount plus interest (£447,720.21), a CHAPS fee of £25.00 and a Mortgage Discharge Fee of £120.00.
The overall cost for comparison is 7.7% APRC representative.
Please note that the example above is for a house purchase on a Capital and Interest repayment basis.