Please note:

Flexit 2 Year Fixed Rate Mortgage

RATES CORRECT AS AT 26 Nov 2020

Initial rate
2.29%
Fixed up to and inc. 28/02/2023

Then changing to the Society's SVR less a discount of 1.25%, (currently)
4.04%
Up to and inc. 28/02/2026

Then changing to the Society's SVR, (currently)
5.69%
For the remaining term of the mortgage

The overall cost for comparison is
4.6%
APRC

Maximum loan to value
75%

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FEES AND CHARGES WILL APPLY, SOME OF WHICH ARE NON-REFUNDABLE, SEE BELOW.

Representative Example

A mortgage of £185,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.29% and then a 1.25% discount on our current Standard Variable Rate of 5.29% giving a rate of 4.04% for 3 years and then on our current Standard Variable Rate of 5.29% for the remaining 20 years would require 24 monthly payments of £809.96, 36 monthly payments of £966.86 and 240 monthly payments of £1,074.81.

The total amount payable would be £313,235.26 made up of the loan amount plus interest of £127,201.26 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 4.6% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Additional features

  • Interest calculated daily.
  • Maximum loan £1,000,000.
  • Fees assisted legal services for standard re-mortgages.
  • Free standard valuation up to £999 .
  • This product is not available to interest only applications.
  • Unlimited capital repayments are allowed.
  • No Early Repayment Charges apply.
Fees
Application Fee (payable on application - non-refundable)£0
Product Fee (payable on application - this is refundable should the mortgage not complete)£999
Mortgage Exit Fee£199
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