2 year discount mortgage d161a1
With a discount mortgage, less for us means more for you
This discounted variable rate mortgage could be for you if you are buying your first home.
With this discounted mortgage you benefit from a reduction in our current standard variable interest rate until 31.03.2014. 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.
With this discounted mortgage product, 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 161A1
- Interest rate:
- 3.99% until, and including, 31.03.2014 (which is a discount of 1.96% 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 6.0% APR
- Key features:
- £499 Product fee
£75 Completion fee
One lump-sum repayment of 10% allowed within the discounted period.
Up to 88% LTV
A valuation fee is payable according to the Society's scale. - Fees:
- £499 Product Fee.
£75 Completion Fee.
A valuation fee is payable according to the Society's scale. - Insurance:
- No compulsory insurances
- Eligibility:
- First time buyers only
- Higher lending charge:
- Paid by Society if applicable
- 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 31.03.2014.
- Portable:
- Yes
- Notes:
- Note to Introducers: A procuration fee of 0.35% is payable for this mortgage.
