ST Rent to Own Mortgage - No Deposit Required

Capital & Interest

Valuation fee- subject to value of property value

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

None

Minimum Loan: £30,000

Maximum Loan: £250,000

Purchase 100%

Available for properties with an ST Postcode only.

This product is available for new mortgage customers only

There is an early repayment charge of 3% (on a balance of £153,000 this would cost £4590.00)

Overpayments of up to 10% of the mortgage balance are permitted each anniversary year during the first 5 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

Higher Lending Charge is applicable and paid for by the Society.

A mortgage of £153,000.00 payable over 29 years initially at a fixed rate of 5.79% for 5 years and then on our SVR of 8.49% (variable) for the remaining 24 years would require 60 monthly payments of £908.36 and 288 monthly payments of £1149.90. The total amount payable would be £386,133.72 made up of the loan amount plus interest (£232,673.72), a funds transfer fee of £35.00, an exit fee of 125.00 and a valuation fee of £300.00. The overall cost for comparison is 7.8% APRC representative^.

Call us on 01782 255000.

Lines are Open 9.00am to 5.00pm Monday to Friday, Saturdays 9am to 12.00pm.

Available for properties with an ST postcode only. This product is only available through the Society's mortgage advisers. The Society reserves the right to withdraw this product at any time.