80% LTV Fixed Rate Mortgage
- You'll know exactly what your payments are each month during the fixed period
- You have the certainty of a fixed interest rate
- You're able to borrow up to 85% of the value or purchase price of your property (LTV)
- You're able to borrow up to a maximum of £500,000
Ways to apply
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
- Typical example
- Important information
- Fees & charges
- Other services
Until 31/01/20, then changing to our Standard Variable Rate (SVR)
The overall cost for comparison
Our current Standard Variable Rate (SVR)
Maximum Loan to Value (LTV)
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- This fixed rate mortgage is available for owner-occupied residential properties in England or Wales.
- This fixed rate mortgage is a limited offer and can be withdrawn at any time.
- Although the interest rate will not rise before the end of the fixed rate period, other factors may result in your payments increasing before this date e.g. unpaid amounts being debited to your account.
There is no drawdown facility with this product.
There is no payment holiday facility with this product.
There is an overpayment facility with this product.
There is no underpayment facility with this product.
There is no borrow back facility with this product.
Fee, charges and incentives
There is no free valuation with this product.
There is no help with legal fees with this product.
Mortgage Commitment Fee
There is no Mortgage Commitment Fee.
Early Repayment Charges
You will incur an early repayment charge of 2% of the amount repaid if you repay in full on or before 31/01/2019 and 1.5% of the amount repaid if you repay in full after 31/01/2019 and on or before 31/01/2020.
There is no cashback facility with this product.
A mortgage of £140,500 payable over 20 years initially on a fixed rate for 2 years at 1.85% and then on our standard variable rate of 4.90% (variable) for the remaining 18 years would require 24 monthly payments of £700.83 and 216 monthly payments of £897.66. The total amount payable would be £210,899.48 made up of the loan amount plus interest (£70,399.48) and a product fee (£0.00) and valuation fee (£0.00). The overall cost for comparison is 4.3% APRC representative.
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