First Time Buyer 5 year Fixed (£1,500 cashback) at 4.50% - Maximum LTV 95%

The Society's Mortgage Variable Rate, currently 5.54%

Initial fixed for 5 years

4.50%

then changing to

The Society's Mortgage Variable Rate, currently

5.54%

for the remaining term of the mortgage

The overall cost for comparison is

5.30% APRC

Product fee

FREE

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

Full Details

Details of the selected product

PRODUCT CODE - 026FIX

This is a 4.50% 5 year fixed rate mortgage.  A 5% deposit is required.

This mortgage is available for house purchases only.

£1,500 Cashback payable on completion.

An early repayment charge will apply if you repay all or part of your mortgage within the first 5 years. This charge will be applied on a sliding scale of 5% in the first year, 4% in the second year, 3% in the third year, 2% in the fourth year and 1% in the fifth year. However a maximum of 10% overpayment is allowed in each 12 month anniversary period within the first 5 years. 

The minimum loan amount is £30,000 and the maximum loan amount is £500,000.

The maximum term available is 40 years.

Representative Example

A mortgage of £142,500 payable over 25 years initially on a fixed rate for 5 years at 4.50% and then on our Mortgage Variable Rate (MVR) of 5.54% (variable) for the remaining 20 years would require 60 monthly payments of £792.31 and 240 monthly payments of £864.31.

The total amount payable would be £255,443 made up of the loan amount plus interest (£254,928) an Application fee of £0, a CHAPS Fee of £20.00, a Valuation fee of £245.00, a Legal fee of £105.00, an Insurance administration fee fee of £25.00 , and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 5.3% APRC representative.

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

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Please contact us if you would like to apply for a mortgage. You can call us on 0800 220 568 and ask to speak to one of our mortgage advisors.

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