(F435) 4.29% Fixed until 31.01.2030

Designed For:

Borrowers who are buying or remortgaging their home, have at least 20% deposit/equity and want fixed repayments for a set period.

 
Not designed for:

Borrowers who plan to repay more than 10% in any one year during the fixed period or do not plan to live in the property.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

(F435) 4.29% Fixed until 31.01.2030

Initial rate

4.29%

Subsequent Rate (SVR)

8.10%

Overall cost for comparison

6.70% APRC

Maximum loan to value (LTV)

80%

Incentives

None

Arrangement Fee

£999

Early repayment charge

Yes

Product Summary

Initial Rate

4.29% fixed until 31.01.2030.

Followed by:

Our Standard Variable Rate* for the remainder of the term, currently 8.10%.

Overall cost for comparison*

6.7% APRC

Fees & Incentives
Fees
 

Arrangement fee - £999 (Can be paid up front or added to the loan)

Funds transfer fee - £20 (payable before completion)

Mortgage exit fee - £100 (payable when the mortgage is fully repaid)

Standard Valuation Fee – dependent on the property value

 
Incentives

None.

Early Repayment Charge

A full or partial capital repayment, which exceeds 10% of the capital balance amount in any one year during the fixed period, will attract an early repayment charge of:

5% until 31.01.2026

4% until 31.01.2027

3% until 31.01.2028

2% until 31.01.2030

Loan Purpose

Purchase or Remortgage

Repayment Method

Capital & Interest or Interest-Only

Maximum Loan to Value (LTV*)

80% - Capital & Interest

60% - Interest-Only

Loan Size

Minimum £50,000 – Maximum £500,000

A minimum loan amount of £100,000 applies to customers outside postcode prefixes: BL, CH, CW, M, OL, SK, WA or WN.

Product Information
Portability

This product is portable and can be transferred from the existing property to a new property.

 
Adding fees

If you add the arrangement fee to the loan, then interest will be charged on it resulting in a greater amount payable over the term of the mortgage.

 
Interest Only

The mortgage is available on an interest-only basis providing the loan-to-value does not exceed 60%. A suitable strategy for repayment must be in place.

 
Eligibility

Property must be in England and Wales with a value of £125,000 or more.

Mortgages are subject to underwriting.

Representative Example

This information is to help you understand the typical cost of this mortgage and is not representative of your personal circumstances.

A mortgage of £197,396.00, payable over 27 years, on a capital & interest repayment basis, initially on a fixed rate of 4.29% until 31.01.2030, and then on our Standard Variable Rate, currently 8.10%, for the remaining 22 years. The initial term would require 64 monthly payments of £1,029.71 followed by 260 monthly payments of £1,422.95.

The total amount payable would be £437,522.44, made up of the loan amount (£197,396.00), plus interest (£238,472.44), Arrangement Fee (£999), Standard Valuation Fee (£285), Solicitor Fee (£250), Funds Transfer Fee (£20), and a Mortgage Exit Fee (£100).

The overall cost for comparison is 6.7% APRC.

*Important Notes:

Once the product matures the interest rate will revert to our Standard Variable Rate (SVR) unless a new product is taken out. Our SVR is currently 8.10%. This is set by us and may go up or down in the future.

The Overall Cost for Comparison is given as the Annual Percentage Rate of Charge (APRC) and includes all charges incurred relating to the mortgage/product. The APRC enables you to compare the cost of different products.

The LTV is calculated by us using your current mortgage balance and our current assessed valuation of your property.

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Mortgages are secured on your home. You could lose your home if you do not keep up repayments on your mortgage.