2 Year Fixed Rate Mortgage


Available for: Borrowing More

Rates

  • Initial rate of 2.99% fixed for 2 years
  • 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
  • Free valuation where required (up to a maximum loan size of £350,000)
  • Make overpayments below £1,000 each calendar month without incurring early repayment charges
  • Fees and charges

  • £99 completion fee
  • Details of all our current charges can be found in our tariff of charges leaflet
  • 2.99 % fixed for 2 years
  • 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 %

Product details

The overall cost for comparison is

4.3% APRC

Start Rate

2.99%

Max LTV

90%

Early Repayment Charge

2% of amount repaid for the first year, followed by 1% of amount repaid for the second year.

Completion Fee

£99

Booking Fee

None

Minimum Loan

£5,000

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 £25,000 payable over 20 years initially on a fixed rate for two years at 2.99% and then on our current standard variable rate of 4.49% (variable) for the remaining 18 years would require an initial payment of £202.01, 22 monthly payments of £138.52 and 217 monthly payments of £156.29.

The total amount payable would be £37,263.38 made up of the loan amount plus interest (£12,164.37) and a completion fee (£99).

The overall cost for comparison is 4.3% APRC representative.

Mortgage calculator

How much can I borrow

Use our ‘How much can I borrow’ mortgage calculator to get an indication of what we may be able to lend to you.

Mortgage guides

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How to apply

Apply for a mortgage

Find out how you can apply for a mortgage with the West Brom and what you will need to help you with your application.