4.79% variable, which includes a 2.81% discount from our Standard Variable Rate for 2 years.

Our Standard Variable Rate* for the remainder of the term, currently 7.60%.

7.4% APRC

Fees

Arrangement fee - £499 (payable on completion, can be added to the loan)

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

Incentives

One free valuation included, up to the value of £1,000.

A full or partial capital repayment, which exceeds 25% of the capital balance amount in any one year during the discount period, will attract an early repayment charge of 2%.

Purchase or Remortgage

• Capital & Interest
• Interest-Only (with a suitable repayment strategy)
• A combination of capital & interest and interest-only (part & part), providing the interest-only borrowing does not exceed 70% LTV.

85% - capital & interest / part & part

70% - interest-only

Minimum £100,000 – Maximum £500,000

Portability

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

Interest rate floor

The interest rate for this mortgage has a ‘floor’, which means that it will never fall below 2.50% during the discount period.

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.

Eligibility

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

Available to qualified professionals only.

Mortgages are subject to underwriting.

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

A mortgage of £225,000.00 payable over 30 years, on a capital & interest repayment basis, with an initial discounted rate of 4.79%, which includes a 2.81% discount from our Standard Variable Rate (SVR) for 2 years and then on our SVR, currently 7.60%, for the remaining 28 years. The initial term would require 24 monthly payments of £1,179.14, followed by 336 monthly payments of £1,568.27.

The total amount payable would be £555,837.08 made up of the loan amount (£225,000.00), plus interest (£330,238.08), arrangement fee (£499), and a mortgage exit fee (£100).

The overall cost for comparison is 7.4% APRC.