PRODUCT CODE - HLFIX116

This is a 4.86% 5 year fixed rate mortgage.  A 25% deposit is required.

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

The maximum term available is 35 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 5 years at 4.86% and then on our Buy To Let Mortgage Variable Rate (MVR) of 8.24% for the remaining 18 years would require 60 monthly payments of £611.53 and then 216 monthly payments of £1,036.83.

The total amount payable would be £411,762.58 made up of the loan amount plus interest (£411,642.58), an application fee of £995 and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 7.3% APRC representative.

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