Intermediary Products (Only for use by Mortgage Intermediaries)

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4.79% 5 Year Fixed - LTV 95%

Initial fixed rate for 5 years

4.79%

then changing to ......

The Society’s Mortgage Variable Rate

5.79%

for the remaining term of the mortgage

The overall cost for comparison is

5.5% APRC

Product fee

£0

More Information

Mortgage Helpline

0800 220 568

Talk to us

PRODUCT CODE - 044FIX

This is a 4.79% 5 year fixed rate mortgage.  A 5% deposit is required.

A cashback of £500 is payable on completion of the mortgage.  This mortgage is available for both house purchase and remortgages.

A free legal and valuation package is available for standard remortgages in England and Wales with a contribution towards legal fees in Scotland. For purchases fees are payable the applicant.

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, 4% in the second year, 3% in the third year, 2% in the fourth year and 1% 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 £30,000 and the maximum loan amount is £500,000.

The maximum term available is 40 years.

There is no product fee with this mortgage.

Representative Example

A mortgage of £150,000 payable over 25 years initially on a fixed rate for 5 years at 4.79% and then on our Mortgage Variable Rate (MVR) of 5.79% (variable) for the remaining 20 years would require 60 monthly payments of £858.75 and 240 monthly payments of £932.89.

The total amount payable would be £275,913.60 made up of the loan amount plus interest (£275,398.60), a CHAPS Fee of £20.00, a Valuation fee of £270.00, a Legal fee of £105.00 and a Mortgage Discharge Fee of £120.00.The overall cost for comparison is 5.5% APRC representative.

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

3.24% for 2 years Discount - LTV 95%

Initial variable rate for 2 years

3.24%

2.55% discount off our Mortgage Variable Rate, then changing to

The Society’s Mortgage Variable Rate, currently

5.79%

for the remaining term of the mortgage

The overall cost for comparison is

5.5% APRC

Product fee

FREE

More Information

Mortgage Helpline

0800 220 568

Talk to us

PRODUCT CODE - DS312

This is a 3.24% 2 year discounted variable rate mortgage.  A 5% deposit is required.

This mortgage is available for both house purchase and remortgages.

£300 Cashback payable on completion

A free legal and valuation package is available for standard remortgages in England and Wales with a contribution towards legal fees in Scotland. For purchases fees are payable by the applicant.

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

The minimum loan amount is £30,000 and the maximum loan amount is £500,000.

The maximum term available is 40 years.

This product has a floor rate.

Representative Example

A mortgage of £150,000 payable over 25 years initially on a discounted rate for 2 years at 3.24% and then on our Mortgage Variable Rate (MVR) of 5.79% (variable) for the remaining 23 years would require 24 monthly payments of £730.18 and 276 monthly payments of £931.72.

 

The total amount payable would be £275,194.04 made up of the loan amount plus interest (£274,679.04) an Application fee of £0, a CHAPS Fee of £20.00, a Valuation fee of £270.00, a Legal fee of £105.00 and a Mortgage Discharge Fee of £120.00.

 

The overall cost for comparison is 5.5% APRC representative.

 

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

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