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.

5.65% Fixed Rate Mortgage until 31 January 2027 - 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.

5.65% Fixed Rate Mortgage until 31 January 2027 - Interest Only

Initial Pay Rate

5.65%

Loan to Value

80%

APRC

7.9%

Fees

£1000

Product Code

MFD589

Information

Early Repayment Charge: Yes

Incentives: Yes

Things you need to know

Repayment Basis

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

Fees

£1,000 Arrangement fee (Deducted from loan amount on completion)

Minimum Interest Rate

The interest rate on this product will not drop below 2.00% (following the fixed rate period).

Incentives

Free Valuation.

Loan Size

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

Maximum Loan to Value

Purchase 80%.
Remortgage 80%.

Overpayments

Overpayments of up to 10% of the mortgage balance are permitted each anniversary year until 31 January 2027 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.

Property Location

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

Availability

New Business - All of our savings and mortgage products are only available to UK residents

Early Repayment Charges

If this mortgage is repaid in full or in part before 31 January 2027 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 £4,111.78 based on £205,589.00.

Representative Example

A mortgage of £205,589.00 payable over 25 years initially on a Fixed Rate of 5.65% until 31 January 2027 and then on our Standard Variable Rate (SVR) of 8.49% (variable) for the remaining 266 months would require 34 monthly payments of £967.98 and 266 monthly payments of £1,454.54. The total amount payable would be £626,568.59 made up of the loan amount plus interest (£419,819.59), an arrangement fee of £1,000, a funds transfer fee of £35.00 and a mortgage exit fee of £125.00. The overall cost for comparison is 7.9% 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

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