3 Year Fixed Rate at 4.59%

PRODUCT CODE - RFX342

This is a 4.59% 3 year fixed rate mortgage.  

This mortgage is only available for product switches.

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

The minimum loan amount is £20,000 and the maximum loan amount is £1,000,000.

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 £150,000 payable over 23 years initially on a fixed rate for 3 years at 4.59% and then on our Mortgage Variable Rate (MVR) of 8.09% for the remaining 20 years would require 36 monthly payments of £574.13 and then 240 monthly payments of £1,011.92.

The total amount payable would be £413,747.86 made up of the loan amount plus interest (£413,627.86) and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 7.5% APRC representative.

Please note the example above is for a product switch on an Interest Only repayment basis