1.00% Discount for Term Ex-Pat Further Advance
Representing a 1.00% discount off our Standard Variable Rate which is currently 4.99%
(The overall cost for comparison)
Available for: Ex-Pat Further Advances Only
Min/Max Adv: £5,000/£1,000,000
Max Loan To Value: 75%
Arrangement Fee: N/A
Valuation Fee: A revaluation fee of £150 may be applicable
Early Repayment Charge (ERC): 1% in the first two three years. ERC waived during the three year period if the customer returns to the UK and wishes to transfer to a retention product with the Society. This would be subject to proof of contract end date and return to the UK.
Overpayments: 10% of the advance amount can be repaid per annum for three years without incurring a charge. A 1% charge is due on any amount repaid that exceeds 10% per annum
Restrictions: This mortgage must be repaid on either a capital & interest basis.
Available to Ex-Pats only.
Other Features: N/A
A mortgage of £20,000 payable over 17 years initially on our discounted rate at 1.00% below the Society's Residential Standard Variable Rate of 4.99% (variable) for the mortgage term of 17 years would require 204 monthly payments of £135.18 plus one initial interest payment of £67.78.
The total amount payable would be £27,899.50 made up of the loan amount plus interest (£7,644.50) and Revaluation Fee (£150), CHAPS fee (£25) and Application Fee (£80).
The overall cost for comparison is 4.3% APRC representative.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE