5.39% Fixed Rate Mortgage for 2 Years
5.39% Fixed Rate Mortgage for 2 Years
Initial Pay Rate
5.39%
Loan to Value
90%
APRC
8.1%
Fees
None
Information
Early Repayment Charge:
Incentives:
Things you need to know
Capital & Interest.
No application or arrangement fees
The interest rate on this product will not drop below 2.00%.
One Free Valuation
£250 cashback will be paid to your solicitors on completion of the mortgage.
Minimum Loan: £30,000 Maximum Loan: £500,000
Purchase 90%.
Remortgage 90%.
Available for properties located in England, Wales and Scotland (Selected Scottish Islands accepted, please refer to criteria).
The Society will pay a procuration fee of 0.35% on completion to the intermediary.
New Business - All of our savings and mortgage products are only available to UK residents
A mortgage of £197,947.00 payable over 29 years initially on a Fixed Rate of 5.39% for 2 Years and then on our Standard Variable Rate (SVR) of 8.49% (variable) for the remaining 324 months would require 24 monthly payments of £1,125.77 and 324 monthly payments of £1,512.16. The total amount payable would be £517,118.92 made up of the loan amount plus interest (£319,011.92), a funds transfer
Overpayments of up to 10% of the mortgage balance are permitted each anniversary year for the first 2 years and may be made by monthly standing order. Any additional overpayments above 10% during this period will attract a penalty calculated on the amount of the additional payments.
No Higher Lending Charge is applicable
A mortgage of £197,947.00 payable over 29 years initially on a Fixed Rate of 5.39% for 2 Years and then on our Standard Variable Rate (SVR) of 8.49% (variable) for the remaining 324 months would require 24 monthly payments of £1,125.77 and 324 monthly payments of £1,512.16. The total amount payable would be £517,118.92 made up of the loan amount plus interest (£319,011.92), a funds transfer fee of £35.00 and a mortgage exit fee of £125.00. The overall cost for comparison is 8.1% APRC representative^
Call us on 01782 255000 (selecting option 1 – Hanley Intermediaries then option 1 – New business enquiries).
Lines are Open 9.00am to 5.00pm Monday to Friday (Wednesday 9.30am to 5.00pm).
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