5 Year Fixed Rate at 2.99% - Maximum LTV 90%

The Society's Mortgage Variable Rate currently 5.79%

Initial fixed rate for 5 years

2.99%

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

4.7 % 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 – RFX41

This is a 2.99% 5 year fixed rate mortgage.  10% equity is required.

This mortgage is available for Product transfers.

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 £20,000

Representative Example

A mortgage of £125,000 payable over 23 years initially on a fixed rate for 5 years at 2.99% and then on our Mortgage Variable Rate (MVR) of 5.79% (variable) for the remaining 18 years would require 60 monthly payments of £626.88 and 216 monthly payments of £780.93.

The total amount payable would be £206,413.68 made up of the loan amount plus interest (£81,293.68) and a Mortgage Discharge Fee of £120.00.

The overall cost for comparison is 4.7% APRC representative.

Please note the example above is for a product transfer 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)?
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3How long do you want to repay the mortgage?
40 years
0 months

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