2 year 5.94% variable rate - (2.85% discount from Society’s SVR)

PLEASE NOTE: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Deposit %	Term	Initial interest rate	Follow on rate	Overall cost for comparison	Max LTV	Arrangement fee	Application fee
N/A	2 years	5.94%	8.79% after 2 years	8.5% APRC	%	£0.00	£0.00

Key features

Rates information

A variable rate, currently 8.79%, with a discount of 2.85% for 2 years, giving a current rate payable of 5.94% followed by our Standard Variable Rate, currently 8.79%, for the remaining term.

The overall cost for comparison is 8.5% APRC representative.

Early repayment charge

If you repay your mortgage or make overpayments in excess of 10% of the outstanding balance in any calendar year during the product term (other than regular repayments due under the mortgage), an Early Repayment Charge equivalent to 3% of the amount repaid is payable.

What you pay

Daily interest

Representative example

A mortgage of £155,000.00 over 27 years initially on a discounted variable rate of 5.94% (equal to a 2.85% discount off our SVR) for 2 years and then our Standard Variable Rate, currently 8.79%, for the remaining term, would require 24 monthly payments of £961.38 and 300 monthly payments of £1236.61. The total amount payable would be £394,166.41 made up of the loan amount plus interest (£239,081.41) with a Mortgage Exit Fee of £85.00. The overall cost for comparison is 8.5% APRC representative.

Please note: this is a representative example for existing customers on a new mortgage deal.

This information does not contain all of the details you need to choose a mortgage. Make sure that you read the separate European Standardised Information Sheet before you make a decision. For full details, please call our friendly team on 01202 843545.

Product Reference: 703

Your home may be repossessed if you do not keep up repayments on your mortgage