2.70% Variable Discount for 5 years

Mortgage Calculator

This shows what you'll pay each month during your initial deal period. It doesn't consider any charges or fees if you decide to make any changes to your mortgage. Please note this is only an estimate.

2.70% Variable Discount for 5 years

Initial Pay Rate

5.79%

Loan to Value

60%

APRC

7.6%

Fees

None

Product Code

MDS276

Information

Early Repayment Charge: No

Incentives: Yes

Things you need to know

Repayment Basis

Capital & Interest

Interest Only (Applicants must meet the Society's Interest Only Criteria)

Fees

No Arrangement or application fee

Minimum Interest Rate

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

Incentives

Free Valuation

Loan Size

Minimum Loan: £30,000

Maximum Loan: £1,500,000 at 60% LTV, £2,000,000 at 50% LTV (Loans over £500,000 will be considered on an individual basis)

Maximum Loan to Value

Purchase 60%

Property Location

Available for properties located in England, Wales & mainland Scotland (Islands by referral).

Availability

This product is available for new mortgage customers only

Early Repayment Charges

No Early Repayment Charges apply

Representative Example

A mortgage of £207,487.00 payable over 25 years initially on a discounted variable rate of 5.79% for 5 years and then on our Standard Variable Rate (SVR) of 8.49% (variable) for the remaining 20 years would require 60 monthly payments of £1,310.33 and 240 monthly payments of £1,613.23.The total amount payable would be £465,955.22 made up of the loan amount plus interest (£258,308.22), a Funds transfer fee of £35 and a Mortgage Exit Fee of £125. The overall cost for comparison is 7.6% APRC representative^

Find out More or Apply

Call us on 01782 255000.

Lines are Open 9.00am to 5.00pm Monday to Friday.

Overpayments

Overpayments are permitted and may be made by monthly standing order

Mortgage Enquiry

Call us on 01782 255000 or complete the form below and a member of our team will be in touch

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