PRODUCT CODE - RFX257

This is a 5.49% 5 year fixed rate mortgage. No 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 the first year, 5% in the second year, 4% in the third year, and 3% in the fourth and 2% in the fifth 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 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 5 years at 5.49% and then on our Mortgage Variable Rate (MVR) of 8.69% (variable) for the remaining 18 years would require 60 monthly payments of £958.05 and 216 monthly payments of £1,204.10.

The total amount payable would be £317,688.60 made up of the loan amount plus interest (£317,568.60) and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 7.4% APRC representative.

Please note the example above is for a product switch on a capital and interest repayment basis.