2 Year Fixed Rate with £1,000 Cashback at 3.38% - Maximum LTV 95%

The Society's Mortgage Variable Rate currently 5.79%

Initial Rate for 2 years

3.38%

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

£0

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

Full Details

Details of the selected product

PRODUCT CODE - 064FIX

This is a 3.38% 2 year fixed rate mortgage.  A 5% deposit is required.

A £1,000 cashback is payable on completion.  This mortgage is available for both house purchase and remortgages.

Legal and Valuation fees are paid by the Society for remortgages (option of £150 contribution for legal fees and maximum free valuation fee is £665)  Scottish properties are subject to £150 legal fee contribution only). 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 2 years. This charge will be applied on a sliding scale of 3% in the first year and 2% 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 mortgage is not available for further advances.

Representative Example

A mortgage of £150,000 is payable over 25 years initially on a fixed rate for 2 years at 3.38% and then on our Mortgage Variable Rate (MVR) of 5.79% (variable) for the remaining 23 years would require 24 monthly payments of £741.42 and 276 monthly payments of £932.78.

The total amount payable would be £275,736.36 made up of the loan amount plus interest (£275,326.36) a CHAPS Fee of £20.00, a Valuation fee of £270.00 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.

Mortgage Calculator

Find out your monthly payments

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.

1How much do you wish to borrow?
£
2What interest rate percentage would you like an illustration on (not the APRC)?
%
3How long do you want to repay the mortgage?
40 years
0 months

Need help on

How to apply for a 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.

Find a branch Book an appointment

We have lots of other products available

Choose another product

Like most websites Furness Building Society use cookies, and in order to continually improve our website, we collect non-personal data through cookies. By continuing to use the website you are accepting the use of these cookies. To find out more read our Cookie Policy.