Please note, the Online Banking Portal will be unavailable from 7am - 2pm on Sunday 14th July due to site maintenance.

Please note, the Online Banking Portal will be unavailable from 7am - 2pm on Sunday 14th July due to site maintenance.

Please note, the Online Banking Portal will be unavailable from 7am - 2pm on Sunday 14th July due to site maintenance.

3.49% Variable Discount Remortgage for 2 years

3.49% Variable Discount Remortgage for 2 years

Initial Pay Rate

5%

Loan to Value

90%

APRC

8.1%

Fees

£750

Product Code

MDS277

Information

Early Repayment Charge:

Incentives:

Things you need to know

Repayment Basis

Capital & Interest

Fees

£750 Arrangement fee (Deducted from loan amount on completion)

Minimum Interest Rate

The interest rate on this product will not drop below 2.00%.

Incentives

Free Valuation

£250 Contribution to Legals when remortgaging using the Society's nominated Solicitor

Loan Size

Minimum Loan: £30,000 Maximum Loan: £500,000@75% LTV,£1,000,000 @ 60% LTV, £1,250,000 @ 50% LTV

Maximum Loan to Value

Remortgage 90%.

Property Location

Available for properties located in England, Wales and Scotland (Selected Scottish Islands accepted, please refer to criteria).

Procuration Fee

The Society will pay a procuration fee of 0.35% on completion to the intermediary.

Availability

This product is available for new mortgage customers only.

Early Repayment Charges

If this mortgage is repaid in full during the first 2 years 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 £3,941.80 based on £197,090.00.

Overpayments

Overpayments of up to 10% of the mortgage balance are permitted each anniversary year during the first 2 years and may be made by monthly standing order. Any additional overpayments above 10% during this period will attract a penalty calculated on the amount of the additional payments.

Representative Example

A mortgage of £197,090.00 payable over 25 years initially on a discounted variable rate of 5.00% for 2 years and then on our Standard Variable Rate (SVR) of 8.49% (variable) for the remaining 23 years would require 24 monthly payments of £1,152.17 and 276 monthly payments of £1,558.03. The total amount payable would be £458,579.15 made up of the loan amount plus interest (£260,579.15), a Funds transfer fee of £35, an Arrangement fee of £750.00 and a Mortgage Exit Fee of £125.00. The overall cost for comparison is 8.1% APRC representative^

Find out More or Apply

Call us on 01782 255000 (selecting option 1 – Hanley Intermediaries then option 1 – New business enquiries).

Lines are Open 9.00am to 5.00pm Monday to Friday (Wednesday 9.30am to 5.00pm).

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