PRODUCT CODE - GFR02

This is a 3.99% 5 year fixed rate mortgage.  The overall mortgage must not exceed 90% LTV.

This mortgage is only available for Green Further Advances.

An early repayment charge will apply if you repay all or part of your mortgage within the first 5 years. This charge will be applied on a sliding scale of 5% in years 1 and 2, 4% in year 3, 3% in year 4 and and 2% in the final year. However a maximum of 10% overpayment is allowed in each 12 month anniversary period within the first 5 years.

The minimum loan amount is £5,000 and the maximum loan amount is £40,000.

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 £30,000 payable over 25 years initially on a fixed rate for 5 years at 3.99% and then on our Mortgage Variable Rate (MVR) of 8.69% (variable) for the remaining 20 years would require 60 monthly payments of £158.19 and 240 monthly payments of £229.88.

The total amount payable would be £64,782.60 made up of the loan amount plus interest (£64,662.60), a CHAPS Fee of £20.00 and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 6.8% APRC representative.

Please note the example above is for a further advance on a Capital and Interest repayment basis.