NHS Thank You 85% LTV Fixed Rate Mortgage
Our Thank You Mortgage has been designed to acknowledge the crucial role played by NHS workers and to thank them for their ongoing support in our communities.
- All those directly and permanently employed by the NHS are eligible
- To be eligible, the mortgaged property must be located within the following Wales and borders postcodes: LL, SY, LD, SA, CF, NP, HR and CH 1 to 8
- You'll know exactly what your payments are each month during the fixed period
- 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 £650,000
- No product fee
- No valuation fee
- Legal fees paid for remortgages
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
- Typical example
- Important information
- Fees & charges
- Other services
Until 30/09/2027, then changing to our Standard Variable Rate (SVR)
Our current Standard Variable Rate (SVR)
The overall cost for comparison
Maximum Loan to Value (LTV)
|Mortgage Commitment Fee||£0|
|Early Repayment Charge||Please click on the Fees & Charges tab for details.|
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 This fixed rate mortgage is a limited offer and can be withdrawn at any time.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
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
The Principality Building Society will bear the cost of a Standard Report and Standard Valuation for Mortgage Purposes Only.
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 30/09/2024, 3% of the amount repaid if you repay in full after 30/09/2024 and on or before 30/09/2026 and 1% of the amount repaid if you repay in full after 30/09/2026 and on or before 30/09/2027.
There is no cashback facility with this product.
A mortgage of £200,000 payable over 28 years initially on a fixed rate for 5 years at 1.96% and then on our standard variable rate of 4.65% (variable) for the remaining 23 years would require 60 monthly payments of £773.91 and 276 monthly payments of £1,014.84. The total amount payable would be £326,603.44 made up of the loan amount plus interest (£126,603.44), a product fee (£0.00), valuation fee (£0.00), telegraphic transfer fee (£8.00) and discharge fee (£65.00). The overall cost for comparison is 3.7% APRC representative.
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