3 Year Discount Mortgage
| Product | Fee | Initial rate | Then changing to | The overall rate for comparison |
|---|---|---|---|---|
|
1.44% discount for 3 years (up to 90% LTV) |
£0 | 3.75% variable for 3 years (our SVR minus 1.44% discount) |
Standard variable rate currently 5.19% | 5.0% APR |
Interest rates applicable on 19 March 2012
Benefits
- Keep your repayments low for three years.
- No early repayment charge will be incurred in respect of capital repayments of up to 10% made in any 12 month period (from the date of transfer) calculated on the transfer loan amount during the product period.
Points to note
- Maximum loan to value 90% (including any fees added to the loan).
- Maximum loan to value for capital raising 75% (including any fees added to the loan)
- An early repayment charge of 3% applies within the first 3 years.
- Minimum loan £20,000.
- Maximum loan £500,000.
- A sealing fee/administration fee is payable on redemption, as stated on your original mortgage offer, and will be a maximum of £175.
Other important information
Click to read our terms and conditions
Available for
Existing borrowers for product transfer, re-arrangement, Speedtrack and Further Advance Applications.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage
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