1.10% Discount for Term Ex-Pat Further Advance

Main Features

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

Application Fee: £80

Early Repayment Charge (ERC): 1% of the current balance in the first 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 may be repaid on either a capital & interest, interest only or part & part basis.

Available to Ex-Pats only.

Other Features: N/A

Please note that we will consider the following:

Guarantor mortgages (max 75% LTV)
Self-employed applicants with only 1 year's accounts (Max 75% LTV)
Joint borrower, sole proprietor (up to product LTV limit)

Representative Example

A mortgage of £60,000 payable over 34 years on our discounted rate at 1.10% below the Society’s Residential Standard Variable Rate of 8.49% (variable) for the mortgage term of 34 years would require 408 monthly payments of £402.37 plus one initial interest payment amount of £375.56.

The total amount payable would be £164,797.52 made up of the loan amount plus interest (£104,542.52) and Revaluation fee (£150), CHAPS fee (£25) and Application fee (£80).

The overall cost for comparison is 7.8% APRC representative.

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