5.79% Fixed to 30.04.28
Rate
APRC
Early repayment charge
Summary
Term
Initial rate
Followed by
Overall cost
APRC
Fees / Incentives
- Application Fee: None.
- Product Fee: None.
- Mortgage Exit Fee: £125
Early repayment charges
3.50% of the balance repaid until 30.04.26, then 2.50% of the balance repaid until 30.04.27, then 2.00% of the balance repaid until 30.04.28
You can repay up to 10% of the capital p.a. without an early repayment charge
Max Loan to Value
LTV
Interest charged frequency
Interest charged
Daily
Product Information
Fixed rates offer security - the interest rate on the mortgage won't change for an initial period, so the monthly payments will remain the same during this time regardless of whether interest rates rise or fall.
Purchases are restricted to a maximum loan size of £400,000 at a 95% loan to value.
Portability
This product is portable and can be transferred from the existing property to a new property.
Mortgage Exit Fee
If the mortgage is paid off before the end of the agreed term, a £125 mortgage exit fee will be payable, plus any applicable early repayment charges.
Application and Valuation Fees
Application and valuation fees (where applicable) are payable on application, and are non-refundable. The application will not be processed until these fees are received. This means the product is not reserved and a valuation will not be instructed.
Additional notes
Overall cost of a mortgage
To help understand the typical cost of this mortgage, please see the representative example below.
Representative example
(This is not an illustration and should only be used as an example)
A mortgage of £105,721.00 starting on 01.12.24 payable over 14 years on an initial fixed rate of 5.79% to 30.04.28, then reverting to our standard variable rate currently at 7.24% for the remainder of the mortgage. This would require 40 monthly payments of £921.83 and 126 monthly payments of £990.10, plus one initial interest payment of £519.57.
The total amount payable would be £162,145.37 made up of the loan amount plus interest of £55,972.37, a valuation fee of £218.00 and a funds transfer fee of £8.00.
The overall cost for comparison is 6.8% APRC representative.
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