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Initial variable rate for 2 years
3.25% discount off our Mortgage Variable Rate, then changing to ..
The Society's Mortgage Variable Rate currently
for the remaining term of the mortgage
The overall cost for comparison is
Product fee
Your home may be repossessed if you do not keep up repayments on your mortgage
PRODUCT CODE - DS337
This is a 1.89% 2 year discounted variable rate mortgage. A 20% deposit is required.
This mortgage is available for both residential house purchase and remortgages on a capital and interest basis.
This product is not available for product switches.
A valuation package is available for purchases and remortgages. Free legal package available in England and Wales with a contribution towards legal fees in Scotland available on remortgages only
The minimum loan amount is £30,000 and the maximum loan size is £800,000.
The maximum term available is 40 years.
This product has a floor rate.
This mortgage has a £999 fee which can be added to the mortgage or paid up front.
A mortgage of £200,000 payable over 25 years initially on a discount rate for 2 years at 1.89% and then on our Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 23 years would require 24 monthly payments of £841.30 and 276 monthly payments of £1,163.86.
The total amount payable would be £341,946.56 made up of the loan amount plus interest (£340,502.56) an Application fee of £999, a valuation fee of £305 a CHAPS Fee of £20 and a Mortgage Discharge Fee of £120.
The overall cost for comparison is 4.7% APRC representative.
Please note the example above is for a house purchase on an Capital and Interest repayment basis.
Fill in the details below to find out how much you will need to pay on a monthly basis on a repayment mortgage and an interest only mortgage.
Please contact us if you would like to apply for a mortgage. You can call us on the number opposite and ask to speak to one of our mortgage advisors.
