LA Postcode Exclusive 3 Year Fixed Rate at 3.89% - Maximum LTV 90%

The Society's Mortgage Variable Rate currently 5.14%

Initial fixed rate for 3 years


then changing to....

The Society's Mortgage Variable Rate currently


for the remaining term of mortgage

The overall cost for comparison is

4.9 % APRC

Product fee


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

Full Details

Details of the selected product



This is a 3.89% 3 year fixed rate mortgage.  A 10% deposit is required. 

This mortgage is only available within LA postcodes and is for First Time Buyer residential purchases.

An early repayment charge will apply if you repay all or part of your mortgage within the first 3 years. This charge will be applied on a sliding scale of 4% in the first year, 3% in the second year and 2% in the third year. However a maximum of 10% overpayment is allowed in each 12 month anniversary period within the first 3 years.

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.

Representative Example

A mortgage of £200,000 payable over 25 years initially on a fixed rate for 3 years at 3.89% and then on our Mortgage Variable Rate (MVR) of 5.14% (variable) for the remaining 22 years would require 36 monthly payments of £1,043.67  and 264 monthly payments of £1,171.13.

The total amount payable would be £347,280.44 made up of the loan amount plus interest (£346,835.13), 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.

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

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