Unlock the door to your first home with our £2,000 Cashback Mortgage plus a chance to WIN £10,000! T&C's apply

Unlock the door to your first home with our £2,000 Cashback Mortgage plus a chance to WIN £10,000! T&C's apply

Unlock the door to your first home with our £2,000 Cashback Mortgage plus a chance to WIN £10,000! T&C's apply

2.80% Variable Discount for Term - Interest Only

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.

2.80% Variable Discount for Term - Interest Only

Initial Pay Rate

5.69%

Loan to Value

75%

APRC

5.7%

Fees

£700

Product Code

MDS274

Information

Early Replayment Charge: No

Incentives: Yes

Things you need to know

Initial Pay Rate

5.69% Initial Pay Rate which represents a 2.80% discount off our Standard Variable Rate (8.49%)

Repayment Basis

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

Fees

£700 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: £1,000,000 at 60% LTV, £1,250,000 at 50% LTV.

Maximum Loan to Value

Purchase 75%
Remortgage 75%

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 £205,589.00 payable over 25 years on a discounted rate of 5.69% would require 300 interest only monthly payments of £974.83.

The total amount payable would be £498,899.35 made up of the loan amount plus interest (£292,450.35), a funds transfer fee of £35.00, an arrangement fee of £700.00 and a mortgage exit fee of £125.00.

The overall cost for comparison is 5.7% APRC representative

Find out More or Apply

Call us on 01782 255000.

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

Mortgage Enquiry

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