Assisted 2 Year Fixed Rate Mortgage 90% LTV


Available for: Remortgage

Rates

  • Initial rate of 2.89% fixed to 31/01/2021
  • Followed by Standard Variable Rate (currently 4.49% variable) for the term
  • The overall cost for comparison is 4.3% APRC
  • Benefits

  • No booking fee
  • No completion fee
  • Free First Standard Valuation available (max £740)
  • £500 cashback, paid on completion
  • 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
  • 2.89 % fixed rate until 31/01/2021
  • followed by Standard Variable Rate currently 4.49 % variable for the term
  • The overall comparison is 4.3 % APRC
  • The maximum Loan-to-value (LTV) is 90 % (a minimum deposit of 10%)

Product details

The overall cost for comparison is

4.3% APRC

Start Rate

2.89%

Max LTV

90%

Early Repayment Charge

3% of amount repaid until 31/01/2020, followed by 2% of amount repaid until 31/01/2021 plus interest to the end of the month in all cases. Following the above period, interest will be charged to the end of the month of redemption. Further admin fees may apply, please see tariff of charges.

Completion Fee

None

Booking Fee

None

Minimum Loan

£75,000

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 2.89% and then on our current standard variable rate of 4.49% (variable) for the remaining 23 years would require an initial payment of £1,106.64, 24 monthly payments of £726.19 and 275 monthly payments of £850.56.

The total amount payable would be £252,569.20 made up of the loan amount plus interest (£97,372.52), a telegraphic transfer fee (£30) and a release of charge fee (£100 - paid upon redemption).

The overall cost for comparison is 4.3% APRC representative.

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