standard variable rate mortgage 5.95%
Do you want a mortgage which keeps your options open?
If you are looking for a mortgage which lets you keep your options open, our standard variable rate mortgage offers a wide range of benefits. It is available up to 90% loan to value and there is no minimum loan size.
With our standard variable rate mortgage you can make unlimited lump-sum repayments. Plus if you are unsure what the future holds, you can redeem the mortgage at any time with no early repayment charges to pay.
There are no product fees for you to pay when you take out this standard variable rate mortgage, but you will have to pay a valuation fee and a completion fee of £75. You may have to pay a higher lending charge, depending on the size of the loan. For more information on the key features of this particular mortgage, take a look at the details below.
Standard variable rate mortgage
- Interest rate:
- 5.95% and remaining on standard variable terms for the rest of the mortgage.
The overall cost for comparison is 6.3% APR
- Key features:
- Up to 90% LTV
No product fee
£75 completion fee
Valuation fee is payable according to the Society’s scale.
There are no early repayment charges.
You can make unlimited lump-sum repayments.
Higher Lending Charge is payable where applicable. - Fees:
- No product fee.
£75 completion fee.
Valuation fee is payable according to the Society’s scale.
Higher Lending Charge is payable where applicable. - Insurance:
- None compulsory.
- Eligibility:
- Home mover/ remortgage (moving mortgage from another lender).
- Higher lending charge:
- Payable by applicant(s) where applicable.
- Capital repayments:
- Unlimited lump-sum repayments.
- Early repayment charge:
- There is no early repayment charge if you pay off your mortgage early.
- Portable:
- Yes
- Other features:
- Available for additional borrowing subject to a fee of £125 for legal work (contact us for details).
