90% VARIABLE RATE MORTGAGE

Summary Box
Name 90% Variable Rate Mortgage
Initial rate The Society's standard variable rate applies for 2 years, currently 4.99%.
Followed by 0.8% discount from our standard variable rate for the next 3 years followed by our standard variable rate for the remainder of the term.
The overall cost for comparison is 5.1% APR.
Incentives
Higher lending charge paid by lender
 
Legal fees paid (excluding disbursements) subject to use of the Society’s recommended solicitor, or £200 contribution towards your own costs.
 
Free basic valuation.
Arrangement fee £395 payable on application, refunded on completion.
Maximum loan to value (LTV)

90% for loans up to £200,000.

85% for loans up to £250,000.

Interest calculated Annually.
Early repayment charges None on partial capital repayments.
An early repayment charge of 3% of the original advance will apply on full redemption within the first 2 years.
Other conditions

Available to applicants who live within a 25 mile radius of Stockport.

For property purchase only.

Maximum loan £250,000.

How To Apply

 

In the stressful time of the credit crunch, it was so pleasant to talk with people who knew their job and were very helpful and non judgemental.
Mr R, Stockport