2 Year Fixed Rate Mortgage 90% LTV


Available for: Remortgage

Rates

  • Initial rate of 1.99% fixed to 31/07/2020
  • Followed by Standard Variable Rate (currently 4.24% variable) for the term
  • The overall cost for comparison is 4.0% APRC
  • Benefits

  • No booking fee
  • Fees Assisted Legals and Free First Standard Valuation available (max £740)
  • Make overpayments below £1,000 each calendar month without incurring early repayment charges
  • Fees and charges

  • £999 completion fee
  • Release of charge fee (£100 - paid upon redemption)
  • Details of all our current charges can be found in our tariff of charges leaflet
  • 1.99 % fixed rate until 31/07/2020
  • followed by Standard Variable Rate currently 4.24 % variable for the term
  • The overall comparison is 4.0 % APRC
  • The maximum Loan-to-value (LTV) is 90 % (a minimum deposit of 10%)

Product details

The overall cost for comparison is

4.0% APRC

Start Rate

1.99%

Max LTV

90%

Early Repayment Charge

3% of amount repaid until 31/07/2019, followed by 2% of amount repaid until 31/07/2020 plus interest to the end of the month in all cases. Further admin fees may apply, please see tariff of charges.

Completion Fee

£999

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 two years at 1.99% and then on our current standard variable rate of 4.24% (variable) for the remaining 23 years would require an initial payment of £909.74, 24 monthly payments of £656.22 and 275 monthly payments of £824.17.

The total amount payable would be £244,404.77 made up of the loan amount plus interest (£88,297.03), a completion fee (£999) and a release of charge fee (£100 - paid upon redemption).

The overall cost for comparison is 4.0% APRC representative.

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