|Product name||3.09% Fixed rate to 31.07.23|
|Term||3.09% Fixed rate to 31.07.23Followed by Standard Variable Rate for the remainder of the mortgage, currently 4.74%|
|Overall cost for comparison|
|Early repayment charges|
5.00% of the balance repaid until 31.07.19, then 3.00% until 31.07.21, then 1.00% until 31.07.23
You can repay up to 10% of the capital p.a. without an early repayment charge
|Maximum loan to value||65%|
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
This product is portable and can be transferred from the existing property to a new property.
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 (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.
We'll automatically instruct one standard mortgage valuation (up to a maximum of £700). Fees will apply if the valuation costs more than £700. If an independent Homebuyer's Report is instructed instead, we will discount the cost of this by the amount of the standard mortgage valuation (up to a maximum of £700).
When transferring an existing mortgage, our Remortgage Transfer Service will make moving your mortgage to us even easier. For full details of what's included, please see below.
Launch date 10.11.17