3 Year Fixed Rate Mortgage 90% LTV


Available for: First time buyers / Moving home

Rates

  • Initial rate of 3.14% fixed to 30/11/2019
  • Followed by Standard Variable Rate (currently 3.99% variable) for the term
  • The overall cost for comparison is 3.9% APRC
  • Benefits

  • No completion fee
  • Free First Standard Valuation available (max £445)
  • £1,000 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
  • 3.14 % fixed rate until 30/11/2019
  • followed by Standard Variable Rate currently 3.99 % variable for the term
  • The overall comparison is 3.9 % APRC
  • The maximum Loan-to-value (LTV) is 90 % (a minimum deposit of 10%)

Product details

The overall cost for comparison is

3.9% APRC

Start Rate

3.14%

Max LTV

90%

Early Repayment Charge

3% of amount repaid until 30/11/2019 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 three years at 3.14% and then on our current standard variable rate of 3.99% (variable) for the remaining 22 years would require an initial payment of £1,145.29, 37 monthly payments of £746.36 and 262 monthly payments of £809.34.

The total amount payable would be £241,136.69 made up of the loan amount plus interest (£85,802.99), a booking fee (£199), telegraphic transfer fee (£30) and a release of charge fee (£100 - paid upon redemption).

The overall cost for comparison is 3.9% APRC representative.

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