1.10% Self-Employed Three Year Discount (One years accounts)
Representing a 1.10% discount off our Residential Standard Variable rate for two years, changing to our Residential Standard Variable Rate which is currently 4.99%
(The overall cost for comparison)
Available for: Purchase and Remortgage
Min/Max Adv: £25,000/£1,000,000
Max Loan To Value: 75% (including arrangement fee)
Arrangement Fee: 1.00% (If the arrangement fee is added to the loan; the Loan to Value must not exceed 75%)
Valuation Fee: Payable on application. See Valuation Fee leaflet.
Early Repayment Charge (ERC): 3% in the first three years
Overpayments: 10% of the advance amount can be repaid per annum for three years without incurring a charge. A 3% charge is due on any amount repaid that exceeds 10% per annum
Restrictions: This mortgage must be repaid on a capital & interest basis
Other Features: N/A
A mortgage of £245,626 payable over 20 years initially on our discounted rate at 1.10% below the Society’s Residential Standard Variable Rate for 3 years and then reverting to our current Residential Standard Variable Rate of 4.99% (variable) for the remaining 17 years would require 36 monthly payments of £1,474.25 and 204 monthly payments of £1,600.42 plus one initial interest payment of £785.33.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE