Initial rate fixed for 2 years
then changing to....
The Society's Mortgage Variable Rate currently
for the remaining term of the mortgage
The overall cost for comparison is
Your home may be repossessed if you do not keep up repayments on your mortgage
THIS PRODUCT IS ONLY AVAILABLE FOR PROPERTIES WITH AN LA POSTCODE
PRODUCT CODE - 109FIX
This is a 3.39% 2 year fixed rate mortgage. A 10% deposit is required.
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.
The minimum loan amount is £30,000 and the maximum loan amount is £750,000.
The maximum term available is 40 years.
There is no product fee with this mortgage.
A mortgage of £200,000 payable over 25 years initially on a fixed rate for 2 years at 3.39% and then on our Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 23 years would require 24 monthly payments of £989.59 and 276 monthly payments of £1171.87.
The total amount payable would be £347,716.28 made up of the loan amount plus interest (£347,271.28) , a valuation fee of £305 a CHAPS Fee of £20 and a Mortgage Discharge Fee of £120.
The overall cost for comparison is 4.9% APRC representative. Please note the example above is for a house purchase on a 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.