2 year discount for remortgages d126b1
With a discounted remortgage product, less for us means more for you
This discounted variable rate mortgage could be for you if you are looking to move your mortgage from another lender.
With this discounted mortgage you benefit from a reduction in our current standard variable interest rate until 31.10.2012. Until then your payments may increase or decrease as our standard variable rate changes, but you will not pay the full standard variable interest rate. If you pay off your mortgage during this time, you will pay an early repayment charge of 3% of the outstanding balance.
To make your remortgage as easy as possible, we will pay the legal fees through special arrangement with Enact. Plus, 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 discount mortgage, and there is no product fee payable. And because you never know when you might want to, you can make one lump sum repayment of 10% off your mortgage during the discount period.
If you think this discounted variable rate mortgage could be for you, carry on reading for more information.
Discount mortgage 126B1
- Interest rate:
- 3.19% until, and including, 31 October 2012 (which is a discount of 2.76% from our standard variable rate) then changing to our standard variable rate which is currently...
5.95% and remaining on standard variable rate terms for the rest of the mortgage.
The overall cost for comparison is 5.7% APR
- Key features:
- Free valuation for properties within Co Durham, Tees Valley and parts of North Yorkshire (as defined by us).
Legal fees paid by the Society
No Product fee
£75 Completion fee
Up to 75% LTV
One lump-sum repayment of 10% allowed within the discounted 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. - Insurance:
- No Compulsory Insurances.
- Eligibility:
- Remortgages only (moving mortgage from another lender).
- Capital repayments:
- One lump-sum repayment of 10% allowed within the discounted period.
- Early repayment charge:
- 3% of the outstanding balance if redeemed prior to 31.10.2012.
- Portable:
- Yes
- Notes:
- Note for introducers: This product pays a procuration fee of 0.35% of the advance.
