2.74% Fixed to 10/01/2023 (House Purchase 85% LTV)


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Description: A fixed rate of 2.74% applies until 10/01/2023 after which the Society’s Standard Variable rate will apply, currently 4.50%, for the remainder of the term
Product Features: You may reduce your balance by 10% p.a without an early repayment charge being levied
SVR: Our Standard Variable Rate is currently 4.50%
Fees: £495 Arrangement Fee

Valuation Fee Scale:

£0.00 – £300,000: £245

£300,001 – £500,000: £395

£500,001 +: £495

Max LTV: House Purchase 85%
Overall Cost for Comparison: 3.99% APRC
Early Repayment Charges: 3% of balance repaid during fixed rate period


At the end of the fixed rate period as detailed above, your mortgage will revert to our Standard Variable Rate (SVR) applicable at the time.  Our Standard Variable Rate is currently 4.50%.

Representative Example

Based on an assumed start date of 11/01/2018, a mortgage of £51950 payable over 25 years, initially on our 2.74% fixed rate until 10/01/2023, followed by our Standard Variable Rate currently 4.5% for the remaining 20 years, would require 60 monthly payments of £242.80 and 240 monthly payments of £283.60.

The total amount payable would be £82632.00 made up of the loan amount plus interest of £29942.00 and an Arrangement Fee (£495) and Valuation Fee (£245).

The overall cost for comparison is 3.99% APRC.