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25 month 4.99% variable rate - (3.45% discount from Society’s SVR)
PLEASE NOTE: YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
| Deposit % | Term |
Initial interest rate |
Follow on rate |
Overall cost for comparison |
Max LTV |
Arrangement fee |
Application fee |
|---|---|---|---|---|---|---|---|
| N/A | 2 years | 4.99% |
8.44% |
8.0% APRC | % | £0.00 | £0.00 |
Key features
Rates information
A variable rate, currently 8.44%, with a discount of 3.45% for 25 months, giving a current rate payable of 4.99% followed by our Standard Variable Rate, currently 8.44%, for the remaining term.
The overall cost for comparison is 8.0% APRC representative.
Early repayment charge
If you repay your mortgage or make overpayments in excess of 10% of the outstanding balance in any calendar year during the product term (other than regular repayments due under the mortgage), an Early Repayment Charge equivalent to 3% of the amount repaid is payable.What you pay
- Daily interest
Representative example
A mortgage of £151,000.00 over 27 years initially on a discounted variable rate of 4.99% (equal to a 3.45% discount off our SVR) for 25 months and then our Standard Variable Rate, currently 8.44%, for the remaining term, would require 25 monthly payments of £849.29 and 299 monthly payments of £1163.40. The total amount payable would be £369,194.57 made up of the loan amount plus interest (£218,109.57) with a Mortgage Exit Fee of £85.00. The overall cost for comparison is 8.0% APRC representative.
Please note: this is a representative example for existing customers on a new mortgage deal.
This information does not contain all of the details you need to choose a mortgage. Make sure that you read the separate European Standardised Information Sheet before you make a decision. For full details, please call our friendly team on 01202 843545.
Product Reference: 761
Your home may be repossessed if you do not keep up repayments on your mortgage