5 year fixed rate mortgage 150a1
With this fixed rate mortgage, you can can sit back and relax.
This fixed rate mortgage could be for you if you are buying your first home, moving house or simply want to move your mortgage to us from another lender.
Our five year fixed rate mortgage allows you to plan your finances safe in the knowledge that your repayments will not be affected by changes in the interest rate until 31 January 2015. If you pay off your mortgage during the fixed rate period, you will pay an early repayment charge of 3% of the outstanding balance.
If you live within County Durham, Tees Valley or parts of North Yorkshire, as defined by us, you will benefit from a free valuation when you appy for this fixed rate mortgage. And because you never know when you might want to, you can make one lump sum repayment of 10% off your mortgage during the fixed rate period.
So if you think this fixed rate mortgage may be for you, take a look at the key features below.
Fixed rate mortgage 150A1
- Interest rate:
- 4.99% until, and including, 31.01.2015 then changing to our standard variable rate, which is currently 5.95%
5.95% and remaining on standard variable rate terms for the rest of the mortgage.
The overall cost for comparison is 5.9% APR
- Key features:
- Free valuation for properties within Co Durham, Tees Valley and parts of North Yorkshire, as defined by us.
No product fee.
£75 Completion fee.
Up to 80% LTV
One lump sum payment of up to 10% allowed within the fixed rate period. - Incentives:
- Free valuation for properties within Co Durham, Tees Valley and parts of North Yorkshire, as defined by us.
- Fees:
- No product fee.
£75 completion fee.
Free valuation for properties within Co Durham, Tees Valley and parts of North Yorkshire, as defined by us. - Insurance:
- No compulsory insurances.
- Eligibility:
- House purchase / remortgage (moving your mortgage from another lender)
- Higher lending charge:
- Payable by applicant(s) where applicable.
- Capital repayments:
- One lump sum payment of up to 10% of the initial mortgage loan allowed during the fixed rate period.
- Early repayment charge:
- 3% of the outstanding balance if redeemed prior to 31.01.2015.
- Portable:
- Yes
- Notes:
- Note for introducers: This product pays a procuration fee of 0.35% of the advance.
