Variable Discount for 2 Years (Arrears)

This product is available for new mortgage customers only.

This product is available for custom-build.

6.19% Initial Pay Rate for 2 years which represents a 2.30% discount off our Standard Variable Rate (SVR) currently (8.49%).

Low Start – Interest Only for the first two years reverting to Capital & Interest for the remaining term.

Non-refundable Application Fee: £299.
Arrangement Fee: £649 (Deducted from the loan on completion).
Valuation Fee: A valuation fee is payable on application and is non-refundable. The fee charged is dependent upon the price of the property.

The interest rate on this product will not drop below 2.00%.

None.

Minimum Loan: £30,000

Maximum Loan: £750,000 at 80% LTV, £1,000,000 at 70% LTV, £1,500,000 at 65% LTV, £2,000,000 at 50% LTV (Loans over £500,000 will be considered on an individual basis)

Purchase 80% (Land / Construction or Renovation End Valuation).
Remortgage 80% (Land / Construction or Renovation End Valuation).

There is no early repayment charge.

Overpayments may be made by standing order.

A mortgage of £232,000.00 payable over 25 years initially on a discounted variable rate of 6.19% which represents a discount of 2.3% off the Society’s Standard Variable Rate (SVR) of 8.49%, for 2 years and then on our SVR of 8.49% (variable) for the remaining 23 years would require 24 monthly payments of £1521.84 and 276 monthly payments of £1846.62. The total amount payable would be £547,825.38 made up of the loan amount plus interest (£314191.38), a funds transfer fee of £35.00, an application fee of £299.00, an arrangement fee of £649.00, an exit fee of 125.00 and a valuation fee of £475.00. The overall cost for comparison is 8.2% APRC representative^.

To found out more about Self-build mortgages, read our guide HERE.

Call us on 01782 255000.

Lines are Open 9.00am to 5.00pm Monday to Friday.