PRODUCT CODE - ON5S49

This is a 2.44% 2 year fixed rate mortgage.  A 5% 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 £500,000

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 2.44% and then on a discount rate for 3 years at 6.60% and then on our Mortgage Variable Rate (MVR) of 8.09% (variable) for the remaining 20 years would require 24 monthly payments of £891.31, 36 monthly payments of £1,326.59 and 240 monthly payments of £1,486.48. 

The total amount payable would be £426,024.62 made up of the loan amount plus interest (£425,904.62), a CHAPS Fee of £25.00 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 house purchase on a Capital and Interest repayment basis.