3 Year Fixed Rate Mortgage

Your home may be repossessed if you do not keep up repayments on your mortgage

ProductBooking FeeApplication FeeInitial rateThen changing toThe overall cost for comparison
3 Year Fixed Rate (up to 90% Loan to Value)   £100    (non refundable) £895 3.59% Fixed until 30 November 2017 Standard variable rate, currently 5.19%
5.1% Annual Percentage Rate (APR)*

* The actual rate available will depend upon your circumstances.  Ask for a personalised illustration.

Interest rate applicable from 1 September 2014

Benefits

  • Peace of mind with a fixed rate for 3 years
  • During the product period, no early repayment charge will be incurred in respect of capital repayments of up to 10% of the original loan amount, made in any twelve month period, from the date of completion.
  • £250 Cash back payable on completion.

Points to note

  • Completion must take place on or before 30 November 2014.
  • Minimum loan £30,000.
  • Maximum loan £500,000 (loan size restrictions apply see terms and conditions).
  • An early repayment charge of 2% applies until 30 November 2017.
  • Maximum loan to value 90% (excluding any fees added to the loan).  Loan to value is your total mortgage amount divided by the purchase price or valuation, whichever is lower
  • Maximum loan to value for capital raising (for anything other than home improvements, purchase or transfer of equity) is 75% (excluding any fees added to the loan).
  • A Mortgage Exit Administration Fee of £125 is payable on full repayment (redemption) of your mortgage.
  • Houses within England (including Isle of Wight) and Wales are an accepted type of security.
  • Unacceptable property types are flats, maisonettes and houses converted into flats
  • A booking fee of £100 is payable up front, which is non-refundable.
  • An application fee of £895 is payable.  This can either be paid up front or may be added to the loan, if required.
  • A Valuation fee is payable up front by the applicant.  The valuation fee will be calculated as a proportion of the value of the property and will be refunded on completion of the loan where the property value is up to £500,000 and where a standard valuation applies.  Please note that this is a standard mortgage valuation of the property, not a survey - please refer to the 'Valuation fee' section in our 'Homebuyers Guide' for further details.
  • A Higher Lending Charge (HLC) is payable by the applicant if the loan you require represents more than 75% of the value or purchase price of the property, whichever is the lower.  It is used to arrange additional security in the form of an insurance guarantee, which provides cover for the Society in respect of that part of the loan which exceeds 75%.  This may be paid on completion or added to the advance.
  • Purchase /Remortgage will not be acceptable unless the owner/vendor has been registered with the Land Registry for at least six months.

Other important information

Click to read our terms and conditions

Available for

  • Purchase or remortgage of main residential property.

Your home may be repossessed if you do not keep up repayments on your mortgage

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