BUILDLOAN EXCLUSIVE - Wind & Watertight Arrears Stage Payment - Discount at 4.74% - Maximum LTV 80%

The Society’s Mortgage Variable Rate, currently 5.79%

Initial variable rate for 2 years

4.74%

1.05% 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

5.8 % APRC

Product fee

£999

Your home may be repossessed if you do not keep up repayments on your mortgage

Full Details

Details of the selected product

PRODUCT CODE - STD45

This is a 4.74% 2 year discounted variable rate mortgage.  A 20% deposit is required.

This product is only available for self-build mortgages and is exclusive to BuildLoan.

No early repayment charge applies, and there are no restrictions on overpayments.

The minimum loan amount is £50,000 and the maximum loan amount is £500,000.

The maximum term available is 40 years.

This mortgage has a £999 fee which can be added to the mortgage or paid up front. 

This product is an arrears stage payment mortgage meaning funds are released at the end of each stage.

This product has a floor rate of 3.00%

Representative Example

A mortgage of £160,000 payable over 25 years initially on a discounted rate for 2 years at 4.74% and then on our Mortgage Variable Rate (MVR) of 5.79% (variable) for the remaining 23 years would require 24 monthly payments of £917.07 and 276 monthly payments of £1,010.54.

The total amount payable would be £301,448.72 made up of the loan amount plus interest (£299,899.72) an Application fee of £999, a CHAPS Fee of £20.00, a Valuation fee of £305.00, a Legal fee of £105.00 and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.8% APRC representative.

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

Mortgage Calculator

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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.

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2What interest rate percentage would you like an illustration on (not the APRC)?
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3How long do you want to repay the mortgage?
40 years
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