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3.99% Two Year Fixed Rate – Semi Exclusive

Interest Rates

Representing a Fixed Rate of 3.99% for the first two years, changing to our Standard Variable Rate which is currently 4.99%.

5.0% APRC  (The overall cost for comparison)

Main Features

Available for:  Purchase and Remortgage
Min/Max Adv:  £25,000/£250,000
Max Loan to Value:  90% (including arrangement fee)
Arrangement Fee:  £499 (If the arrangement fee is added to the loan; the Loan to Value must not exceed 90%)
Valuation Fee:  Payable on application. See Valuation Fee leaflet
Early Repayment Charge (ERC):  3% in the first two years
Overpayments:  10% of the advance amount can be repaid per annum for two years without incurring a charge. A 3% charge is due on any amount repaid that exceeds 10% per annum.
Restrictions:  This mortgage must be repaid on a capital and interest basis
Other Features:  N/A

Representative Example:

A mortgage of £140,155 payable over 39 years initially on a fixed rate for 2 years at 3.99% and then on our current Standard Variable Rate of 4.99% (variable) for the remaining 37 years would require 24 monthly payments of £591.02 and 444 monthly payments of £677.10 plus one initial interest payment of £473.65. The total amount payable would be £316,364.53 made up of the loan amount plus interest (£175,135.53) and Arrangement Fee (£499), Valuation fee (£300), CHAPS fee (£25), Application Fee (£125) and Discharge fee (£125). The overall cost for comparison is 5.0% APRC representative.