1 year 4.49% variable rate - (3.75% 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	1 year	4.49%	8.24% after 1 year	N/A	80.0%	£0.00	£0.00

Key features

Rates information

A variable rate, currently 8.24%, with a discount of 3.75% for 1 year, giving a current rate payable of 4.49% followed by our Standard Variable Rate, currently 8.24%, for the remaining term.

The overall cost for comparison is 8.1% 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 £158,000.00 over 27 years initially on a discounted variable rate of 4.49% (equal to a 3.75% discount off our SVR) for 1 years and then our Standard Variable Rate, currently 8.24%, for the remaining term, would require 12 monthly payments of £842.36 and 312 monthly payments of £1206.03.

The total amount payable would be £386,494.19 made up of the loan amount plus interest (£228,409.19) with a Mortgage Exit Fee of £85.00.

The overall cost for comparison is 8.1% 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: 835