2 Year Fixed Rate Mortgage 85% LTV


Available for: First time buyers / Moving home

Rates

  • Initial rate of 2.29% fixed to 30/11/2018 
  • Followed by Standard Variable Rate (currently 3.99% variable) for the term. 
  • The overall cost for comparison is 3.8% APRC
  • Benefits

  • No completion fee.
  • Free First Standard Valuation available (max £445)
  • £500 Cashback, paid on completion
  • Make overpayments below £1,000 each calendar month without incurring early repayment charges
  • Fees and charges

  • A £199 booking fee applies to this product
  • Release of charge fee (£100 - paid upon redemption)
  • Details of all our current charges can be found in our tariff of charges leaflet
  • 2.29 % fixed rate until 30/11/2018
  • followed by Standard Variable Rate currently 3.99 % variable for the term
  • The overall comparison is 3.8 % APRC
  • The maximum Loan-to-value (LTV) is 85 % (a minimum deposit of 15%)

Product details

The overall cost for comparison is

3.8% APRC

Start Rate

2.29%

Max LTV

85%

Early Repayment Charge

3% of amount repaid until 30/11/2018 plus interest to the end of the month in all cases. Further admin fees may apply, please see tariff of charges.

Completion Fee

None

Booking Fee

£199

Minimum Loan

£40,000

Maximum Loan

£500,000

Interest Type

Daily

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Representative example:

A mortgage of £155,000 payable over 25 years initially on a fixed rate for two years at 2.29% and then on our current standard variable rate of 3.99% (variable) for the remaining 23 years would require an initial payment of £970.02, 25 monthly payments of £679.08 and 274 monthly payments of £806.03.

The total amount payable would be £239,128.24 made up of the loan amount plus interest (£83,795.97), a booking fee (£199), telegraphic transfer fee (£30) and a release of charge fee (£100 - paid upon redemption).

The overall cost for comparison is 3.8% APRC representative.

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Mortgage guides

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How to apply

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