Teacher exclusive, 5 year fixed rate remortgage - 10% deposit, 4.79% fixed
Available for loans up to 90% of the purchase price or valuation of the property, whichever is lower.
PLEASE NOTE: YOUR HOME 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 |
---|---|---|---|---|---|---|---|
10% | 5 years | 4.79% |
8.64% |
7.2% APRC | 90.0% | £0.00 | £0.00 |
Key features
Rates information
A fixed rate, currently 4.79% (Ending on 14 October 2029). It then changes to our Standard Variable Rate, which is currently 8.64% for the remaining term.
The overall cost for comparison is 7.2% APRC representative.
What you pay
- Daily interest.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.What we pay
- The first valuation fee for properties worth less than £800,000
- For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. shared ownership, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
Representative example
Please note: the representative example is for a house purchase only. For remortgage applications, certain fees do not apply. Please contact us for details.
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 0800 378 669.
Product Reference: 739
Please note: Mortgages are secured on your home. You could lose your home if you do not keep up payments on your mortgage. Terms and conditions apply. Mortgages are subject to underwriting and criteria. Please contact us for full details.