Help to Buy 2 Year Fixed Rate Mortgage


Available for: Borrowing More

Rates

  • Initial rate of 3.99% fixed to 31/10/2020
  • Followed by Standard Variable Rate (currently 4.24% variable) for the term
  • The overall cost for comparison is 4.4% APRC
  • Benefits

  • No booking fee
  • No completion fee
  • £500 cashback, paid on completion
  • 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

  • Details of all our current charges can be found in our tariff of charges leaflet
  • 3.99 % fixed rate until 31/10/2020
  • followed by Standard Variable Rate currently 4.24 % variable for the term
  • The overall comparison is 4.4 % APRC
  • The maximum Loan-to-value (LTV) is 75 %

Product details

The overall cost for comparison is

4.4% APRC

Start Rate

3.99%

Max LTV

75%

Early Repayment Charge

3% of amount repaid until 31/10/2019, followed by 2% of amount repaid until 31/10/2020 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

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 3.99% and then on our current standard variable rate of 4.24% (variable) for the remaining 18 years would require an initial payment of £216.54, 25 monthly payments of £131.82 and 274 monthly payments of £135.05.

The total amount payable would be £40,915.74 made up of the loan amount plus interest (£15,511.44).

The overall cost for comparison is 4.4% 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

Whether you are a first time buyer or remortgaging your current home, our mortgage guides can help you cut through the jargon.

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.