This product is subject to the following

• A non-refundable valuation fee will be charged

• A £100 booking fee is payable on application of this product and is non refundable

• This product has a collar and as such the variable rate of interest will not drop below 2.00%.

• Minimum Age 18 years

• Maximum Age 65 years on redemption

• Minimum Loan £30,000

• Maximum Loan £500,000

• Offer available for direct applications through the Society’s branches, telephone or website

• £599 Arrangement Fee (which may be added to the loan as long as the LTV including the fee does not exceed the maximum for the product)

• Loan to Value Limits - Loan based on purchase price or valuation, whichever is the lower
House Purchase - NA Re-Mortgage - 80%
Re-Mortgage including Capital Raising - 80%

• One capital payment of up to 10% of the mortgage balance is permitted each year until 30 November 2012. Any additional capital payments during this period will attract a penalty calculated on the amount of the additional capital payment

• No High Lending Charge applies

• Private insurance subject to £25 administration fee

• Product only available to applicants who meet the Society's lending criteria

• Only available on properties in England and Wales

• All loans subject to status and valuation

• The APR will depend upon your circumstances. Ask for a personalised illustration^

• Re-mortgage Legal Fees - There will be no legal fees payable where the Society’s re-mortgage scheme is used up to a maximum of £250, subject to there being no additional legal work involved, for example, the postponement of a second mortgage, transfer of equity or additional leasehold work. Where the loan exceeds £250,000 then you will be responsible for any additional legal fees incurred. Applicants may choose to use their own solicitors, but will be responsible for all costs.

• If this mortgage is taken out on an Interest Only basis then it is subject to a maximum Loan to Value of 75%. A repayment vehicle must be in place that adheres to the Society's lending criteria

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Printer Friendly Version - House Purchase

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Early Repayment Terms
If this mortgage is repaid in full or in part before 30 November 2012 an early repayment charge will apply.
This will be 2% of the balance repaid during this period.
Example - the maximum early repayment charge you could pay is £2,400 based on £120,000

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