3 year fixed rate mortgage 127a1
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 three 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 30 September 2011. 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.
You will have to pay a mortgage product fee of £1,999 when you apply for this mortgage and if you pay off your mortgage during the fixed rate period, you will pay an early repayment charge of 3% of the outstanding balance.
So if you think this fixed rate mortgage may be for you, take a look at the key features below.
Fixed rate mortgage 127A1
- Interest rate:
- 6.49% until, and including, 30.09.2011 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 7.8% APR
- Key features:
- £1,999 product fee.
£75 Completion fee.
One lump sum payment of up to 10% allowed within the fixed rate period. - Fees:
- £1,999 product fee.
£75 completion fee.
Valuation fee payable according to Society scale. - Insurance:
- No compulsory insurances.
- Eligibility:
- House purchase / remortgage (moving your mortgage from another lender)
- 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 30.09.2011.
- 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.'
