Thank You 85% 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 95% of the value or purchase price of your property (LTV)
  • You're able to borrow up to a maximum of £250,000
  • Wales only

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Summary

2.30% p.a.

Until 31/01/27, then changing to our Standard Variable Rate (SVR)

4.40% p.a.

Our current Standard Variable Rate (SVR)

3.60% APRC

The overall cost for comparison is 3.60% APRC

85%

Maximum Loan to Value (LTV)

Product Fee £0
Mortgage Commitment Fee £0
Early Repayment Charge Please click on the Fees & Charges tab for details.
Maximum Loan £500,000
Important information

Important information

This fixed rate mortgage is available for owner-occupied residential properties in Wales including postcodes LL, SY, LD, SA, CF, NP, HR and CH 1 to 8. This fixed rate mortgage is a limited offer and can be withdrawn at any time.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. Any direct employees of the NHS are eligible. Contractors or agency staff working within the NHS, but not employed by the NHS, won't be eligible At least one applicant needs to be employed by the NHS to be eligible for this mortgage. For more information about this mortgage please contact us on 0330 333 4000

  • Drawdown
    There is no drawdown facility with this product.
  • Payment holiday
    There is no payment holiday facility with this product.
  • Overpayment
    There is an overpayment facility with this product.
  • Underpayment
    There is no underpayment facility with this product.
  • Borrow back
    There is no borrow back facility with this product.
Fees & charges

Fee, charges and incentives

  • Product fees
    £0
  • Valuation fees
    The Principality Building Society will bear the cost of a Standard Report and Standard Valuation for Mortgage Purposes Only.
  • Legal fees
    If you are re-mortgaging, we will pay the legal fees incurred in securing your new mortgage if you use our solicitors, though they will act for us only. If you would like our solicitors to advise you or carry out additional work, they may do so at your cost, if they agree. If there is additional work involved, our solicitors may be unable to secure your new mortgage. In this instance, you will need to appoint your own solicitor and pay their fees in full. You may always use your own solicitor at your cost, subject to our approval. You must pay all legal fees if purchasing a property.
  • Mortgage Commitment Fee
    There is no Mortgage Commitment Fee.
  • Early Repayment Charges
    You will incur an early repayment charge of 5% of the amount repaid if you repay in full on or before 31/01/2024, 3% of the amount repaid if you repay in full after 31/01/2024 and on or before 31/01/2026 and 1% of the amount repaid if you repay in full after 31/01/2026 and on or before 31/01/2027.
  • Cashback
    There is no cashback facility with this product.

A mortgage of £100,000 payable over 35 years initially on a fixed rate for 3 years at 2.35% and then on our standard variable rate of 4.74% (variable) for the remaining 32 years would require 36 monthly payments of £349.51 and 384 monthly payments of £477.45. The total amount payable would be £196,207.16 made up of the loan amount plus interest (£96,207.16) 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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