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Find the AnswerYOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Society’s Standard Variable Rate, currently: | 7.99% |
The overall cost comparison is: | 9.2% APRC |
Available for purchase and remortgage.
The minimum loan amount is £30,000.00.
The maximum loan amount is £750,000.00 for loan to value up to 75% and £450,000.00 for 90% loan to value.
The maximum loan to value is 90%.
The Society’s Standard Variable Rate is currently 7.99%.
An early repayment charge will be payable if the mortgage is redeemed within the first 2 years. The charge will be equivalent to the contribution made by the Society to the Higher Lending Charge, if applicable.
This mortgage is not portable. If you wish to move house and require a loan, you will have to make a new application.
Where any part of the loan is arranged on an interest only basis, the interest only element must not exceed 50% LTV. A suitable repayment vehicle sufficient to cover the interest only part of the loan needs to be in place.
This product may be withdrawn without notice.
A mortgage of £42,500 payable over 20 years on our variable rate for the mortgage term of 8 years at our current rate of 7.99% (variable) would require 96 monthly payments of £600.59, plus one initial interest payment of £139.55.
The total amount payable would be £58,941.89 made up of the loan amount plus interest (£15,306.89) and a product fee of £500, a valuation fee of £585 and a mortgage exit fee of £50.
The overall cost for comparison is 9.2% APRC representative.
This representative example assumes a mortgage completion date on the 15th day of a calendar month.
The above representative example is for illustration purposes only and may vary depending on your personal circumstances.
Products | Prod Code | More Details | Distribution | Initial Rate | Initial Period | Reverts to | App Fee | Product Fee | Free Val? | Fee Assisted Legals? | Max LTV | Min Loan Amount | Max Loan Amount | ERC | Features |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Special Situations Mortgage | S804 | View Details | Broker & Direct | 6.49% | 3 Years | SVR | £0 | £799 | No | No | 75% | £30,000 | £400,000 | 2% of capital repaid less the overpayment allowance in years 1 & 2 and 1% of the capital repaid less the overpayment allowance in year 3 |
|
2 Year Heartland Discount Purchase 95% | P043 | View Details | Broker & Direct | 5.79% | 2 Years | SVR | £0 | £0 | No | No | 95% | £30,000 | £400,000 | 2% of amount repaid in excess of overpayment allowance in year 1 and 1% of amount repaid in excess of overpayment allowance in year 2 |
|
2 Year Heartland Discount Purchase 80% | P044 | View Details | Broker & Direct | 5.49% | 2 Years | SVR | £0 | £0 | No | No | 80% | £30,000 | £750,000 | 2% of amount repaid in excess of overpayment allowance in year 1 and 1% of amount repaid in excess of overpayment allowance in year 2 |
|
2 Year National Discount Purchase | P045 | View Details | Broker & Direct | 5.49% | 2 Years | SVR | £0 | £799 | No | No | 90% | £30,000 | £500,000 | 2% of amount repaid in excess of overpayment allowance in year 1 and 1% of amount repaid in excess of overpayment allowance in year 2 |
|
Standard Variable Rate (Purchase & Remortgage) | SV19 | View Details | Broker & Direct | 7.99% | N/A | N/A | £0 | £500 | No | No | 90% | £30,000 | £750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%) | Yes | None |
Products | Prod Code | More Details | Distribution | Initial Rate | Initial Period | Reverts to | App Fee | Product Fee | Free Val? | Fee Assisted Legals? | Max LTV | Min Loan Amount | Max Loan Amount | ERC | Features |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2 Year Heartland Remortgage Discount | R275 | View Details | Broker & Direct | 5.49% | 2 Years | SVR | £0 | £0 | Yes | Yes | 90% | £30,000 | £500,000 | 2% of amount repaid in year 1 in excess of overpayment allowance in year 1 and 1% of the amount repaid in excess of the overpayment allowance in year 2 |
|
2 Year National Remortgage Discount | R276 | View Details | Broker & Direct | 5.49% | 2 Years | SVR | £0 | £799 | Yes | Yes | 80% | £30,000 | £750,000 | 2% of amount repaid in year 1 in excess of overpayment allowance in year 1 and 1% of the amount repaid in excess of the overpayment allowance in year 2 |
|
Standard Variable Rate (Purchase & Remortgage) | SV19 | View Details | Broker & Direct | 7.99% | N/A | N/A | £0 | £500 | No | No | 90% | £30,000 | £750,000 (LTV up to 75%), £450,000 (LTV 76% to 90%) | Yes | None |
To make life a little easier we have create a simple Jargon Buster to help you with terms you are unsure of.
Find the Answer