PRODUCT CODE - OWN001

This is a 2.11% 2 year fixed rate mortgage.  A 20% deposit is required.

This mortgage is available for residential purchases of new build properties. 

This product is not available for product switches.

This product has a cashback feature of £250.

A free valuation package is available for standard purchases and remortgages in England, Scotland and Wales.

This product does not have an early repayment charge.

The minimum loan amount is £30,000 and the maximum loan amount is £800,000

The maximum term available is 40 years.

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 fixed rate for 2 years at 2.11% and then on a discount rate for 3 years at 6.75% and then on our Mortgage Variable Rate (MVR) of 8.69% (variable) for the remaining 20 years would require 24 monthly payments of £861.76, 36 monthly payments of £1,345.31 and 240 monthly payments of £1,556.78.

The total amount payable would be £442,859.28 made up of the loan amount plus interest (£441,970.28), an application fee of £999, a CHAPS Fee of £20.00 and a Mortgage Discharge Fee of £120.00, less a cashback of £250.

The overall cost for comparison is 7.2% APRC representative.

Please note the example above is for a house purchase on a Capital and Interest repayment basis.