| Summary |
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New Purchase Mortgage: 2 year discount
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Product Code: K284
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Offer Rate: 5.69%
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Current Variable Rate: 7.19%
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Overall Cost For Comparison: 7.3% APR variable
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Loan To Value: Up To 85%
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Variable Rate Mortgage Products featuring 2 year discounts
| Permitted Borrowing Allowed |
Where borrowing is up to 85% of the property's loan to value |
| Mortgage |
2 year discount |
| Product Code |
K284 |
| Offer Rate |
5.69% |
| Available Offer |
Variable rate currently 7.19% with a discount of 1.50% for 2
years, then moving to Society's standard variable rate |
| Current variable rate applicable after offer |
7.19% |
| The overall cost for comparison is |
7.3% APR variable |
| Loan to Value applicable to product |
Up to 85% |
Additional Features
| Cashback Available |
No |
| Valuation Fee |
Applicable dependent upon property Scale in
Charges and Fees section |
| Administration Fee |
£750 |
| Portable |
Yes |
| Available for New Purchase Purposes |
Yes |
| Available for Re-mortgage Purposes |
No |
| Capital Repayments During Period of Mortgage |
Yes |
Additional information applicable to discounted mortgage K284
- Life, Accident, Sickness and Unemployment insurance is
recommended by the Society and can be arranged with the applicants
if required
- Building and contents insurance cover will be recommended and
can be arranged by the Society through our Home Insurance policy
- A private insurance fee will be charged if buildings insurance
is not arranged by the Society. The fee applicable is £25
- The debt may be reduced by up to 10% during the first two years
without incurring any penalty charge.
- Early repayment Charge: A charge will be made equivalent to the
monetary value of the benefit received if the mortgage is repaid
during the period of the mortgage product. In the case of part
redemptions, where the debt is reduced to below 90%, the charge will
be pro rata.
- Minimum advance applicable is £25,000
- Loans over 75% incur repayments to be made by Direct Debit
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