Discounted Mortgages

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Discounted Mortgages

Our mortgages

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2 Year Discount 80% LTV

Initial Interest Rate

5.16%

Maximum Loan To Value (LTV)

80%

Overall Cost for Comparison

7.29%

Product Code

IP505

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.16% for 2 years, a further discounted variable rate of 6.39% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 1 payment of £1,864.51, 22 monthly payments of £1,075.56, 48 payments of £1,195.05, 224 monthly payments of £1,356.89 and 1 payment of £494.46.

The total amount payable would be £388,621.05 made up of the loan amount plus interest of £207,327.05 and the following costs, a Scheme Fee (£999.00), a CHAPS/Telegraphic Transfer fee (£25.00), a Valuation Fee (£220.00), and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.29% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

2 Year Discount 90% LTV

Initial Interest Rate

5.72%

Maximum Loan To Value (LTV)

90%

Overall Cost for Comparison

7.41%

Product Code

IP506

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 5.72% for 2 years, a further discounted variable rate of 6.39% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 1 payment of £2,010.84, 22 monthly payments of £1,136.33, 48 payments of £1,198.53, 224 monthly payments of £1,360.85 and 1 payment of £493.48.

The total amount payable would be £391,130.42 made up of the loan amount plus interest of £209,863.42 and the following costs, a Scheme Fee (£999.00), a CHAPS/Telegraphic Transfer fee (£25.00), a Valuation Fee (£193.00), and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.41% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.

2 Year Discount 95%

Initial Interest Rate

6.10%

Maximum Loan To Value (LTV)

95%

Overall Cost for Comparison

7.50%

Product Code

IP468

The following is a representative example based on a mortgage of £180,000 payable over 25 years initially on a discounted variable rate of 6.10% for 2 years, a further discounted variable rate of 6.39% for 4 years, followed by our Standard Variable Rate of 8.14%. In this example you would make 24 monthly payments of £1,170.77, 48 payments of £1,201.17 and 228 monthly payments of £1,366.88.

The total amount payable would be £398,670.28 made up of the loan amount plus interest of £217,403.28 and the following costs, a Scheme Fee (£999.00), a CHAPS/Telegraphic Transfer fee (£25.00), a Valuation Fee (£193.00), and a Mortgage Exit Administration Fee (£50.00).

The overall cost for comparison is 7.5% APRC representative.

Note: What you will pay may vary from this and will depend on your personal circumstances.