3 Year Fixed Rate Mortgage 90% LTV


Available for: Remortgage

Rates

  • Initial rate of 2.74% fixed to 31/12/2020
  • Followed by Standard Variable Rate (currently 3.99% variable) for the term
  • The overall cost for comparison is 3.7% APRC
  • Benefits

  • No booking fee
  • No completion fee
  • Fees Assisted Legals and Free First Standard Valuation available (max £445)
  • Make overpayments below £1,000 each calendar month without incurring early repayment charges
  • Fees and charges

  • Release of charge fee (£100 - paid upon redemption)
  • Details of all our current charges can be found in our tariff of charges leaflet
  • 2.74 % fixed rate until 31/12/2020
  • followed by Standard Variable Rate currently 3.99 % variable for the term
  • The overall comparison is 3.7 % APRC
  • The maximum Loan-to-value (LTV) is 90 % (a minimum deposit of 10%)

Product details

The overall cost for comparison is

3.7% APRC

Start Rate

2.74%

Max LTV

90%

Early Repayment Charge

4% of amount repaid until 31/12/2018, followed by 3% of amount repaid until 31/12/2019, followed by 2% of amount repaid until 31/12/2020 plus interest to the end of the month in all cases.

Completion Fee

None

Booking Fee

None

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 2.74% and then on our current standard variable rate of 3.99% (variable) for the remaining 22 years would require an initial payment of £1,063.31, 36 monthly payments of £714.24 and 263 monthly payments of £805.75.

The total amount payable would be £238,788.20 made up of the loan amount plus interest (£83,660.85) and a release of charge fee (£100 - paid upon redemption).

The overall cost for comparison is 3.7% APRC representative.

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