3 YEAR DISCOUNT OFFSET MORTGAGE

Summary Box
Name 3 Year Discount Offset Mortgage
Initial rate 3.19% which includes a 1.8% discount from our standard variable rate for 3 years.
Subsequent rate Our standard variable rate for the remainder of the term, currently 4.99%.
The overall cost for comparison is 4.7% APR.
Incentives

Free basic valuation.

Legal fees paid subject to use of the Society’s recommended solicitor, or £200 contribution towards your own costs. This excludes disbursements on purchases, and although some of the essential disbursements will be paid on re-mortgage, any additional work not normally associated with a re-mortgage will be at your own cost.

Interest can be reduced by making deposits into a linked ‘offset’ savings account. How offsetting works.

Arrangement fee £499 payable on application, non-refundable.
Maximum loan to value (LTV) 70% for both purchase and remortgage.
Interest calculated Daily.
Early repayment charges
A full or partial capital repayment, which exceeds 10% of the capital balance amount in any one year during the discount period, will attract an early repayment charge of 3% on the excess payment.
Other conditions None.

How To Apply

 

Extremely friendly and personable service. Our Mortgage Adviser went out of his way to assist us
Mr G, Manchester