2 year discount for remortgages d107b1
With a fee-free 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 31.10.2010. 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 even easier, we will pay the legal fees through special arrangement with Latimer Hinks Solicitors. Better still, if you live within County Durham, Tees Valley or parts of North Yorkshire you will also benefit from a free valuation. 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. You will have to pay a mortgage product fee of £799. On completion, we will pay a donation of £100 to the English Federation of Disability Sport (North East).
If you think this discounted variable rate mortgage could be for you, carry on reading for more information.
Discount mortgage 107B1
- Interest rate:
- 6.09% until, and including, 31 October 2010 (which is a discount of 1.28% from our standard variable rate) then changing to our standard variable rate which is currently...
7.37% and remaining on standard variable rate terms for the rest of the mortgage.
The overall cost for comparison is 7.5% APR
- Key features:
- Free valuation for properties within Co Durham, Tees Valley and parts of North Yorkshire
Legal fees paid by the Society
£799 product fee
£75 Completion fee
One lump-sum repayment of 10% allowed within the discounted period
On completion, a donation of £100 will be made to the English Federation of Disability Sport (North East). - Incentives:
- Free valuation for properties within Co Durham, Tees Valley and parts of North Yorkshire.
- Fees:
- £799 product fee.
£75 completion fee. - Insurance:
- No Compulsory Insurances.
- Eligibility:
- Remortgages only (moving mortgage from another lender).
- Higher lending charge:
- Payable by applicant(s) where 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 31.10.2010.
- Portable:
- Yes
'It was speedy, helpful and efficient - making me glad to have taken out this mortgage'.
'Very impressed with the quick turnaround and finalising of the mortgage.'
