Personal Finances
Fixed Rate Mortgages
If you want to borrow £25,000 or more and want the
certainty of a fixed monthly payment, choose a Fixed Rate Mortgage.
Features:
- No deposit required
- Monthly payments don't change during the term of your fixed
rate
Plus:
- 3 months free Mortgage Loanguard premiums
- No Maximum Advance Premium if you have a 10% deposit
- Choose how to repay - Capital Repayment, Endowment, Pension
Plan or Individual Savings Account
- Mortgage term can range from 3 years to retirement or age
70, whichever is earlier
- Right to Buy customers can benefit from this mortgage if
they are borrowing £10,000 or more
There is an arrangement fee of £295 payable when booking a
fixed rate. This secures the rate you have chosen for a period of 3 months. This means
that even if we change the fixed rate or it is withdrawn from sale, we will still honour
the rate we agreed with you. This fee is non-refundable.
Fixed rate mortgages are strictly subject
to availability. The maximum amount for a fixed rate mortgage is normally
£500,000, however applications in excess of this amount will be
considered on an individual basis. We would advise that, where a fixed
rate is chosen, funds are booked as soon as possible.
Typical example: based on a £75,000 capital repayment
mortgage taken out over 25 years. Rates are fixed until the expiry date shown. At the end
of the fixed rate period, our standard variable Mortgage Rate will apply which is
currently 5.95%. If Mortgage Rate changes, your payments will also change. Early
repayments/switching charges are expressed as a percentage of the balance redeemed. Please
see Important Information.
Product |
% Loan to Value |
Fixed Rate
% APR |
Monthly Payments at fixed rate |
Monthly Payments at current
mortgage rate |
Total amount payable |
Fixed Rate expiry date |
Early repayment/ switching charge* |
| 2 Year Fixed |
up to 75% |
5.65%
6.5%
APR |
£467.31 |
£480.16 |
£148,005.46 |
01/08/2004 |
2% until
1/08/03
1% until 1/08/04 |
| 75.01-95% |
5.85%
6.5%
APR |
£476.37 |
£480.71 |
£148,373.86 |
| over 95% |
6.15%
6.9%
APR |
£490.13 |
£481.50 |
£151,176.27 |
2 Year Fixed with no early
repayment charge |
up to 75% |
5.85%
6.5%
APR |
£476.37 |
£480.71 |
£148,373.86 |
01/08/2004 |
None |
| 75.01-95% |
6.05%
6.5%
APR |
£485.52 |
£481.24 |
£148,742.52 |
| over 95% |
6.35%
7.0%
APR |
£499.40 |
£482.01 |
£151,544.24 |
3 Year Fixed |
up to 75% |
5.85%
6.5%
APR |
£476.37 |
£480.54 |
£148,295.44 |
01/08/2005 |
3% until
01/08/2003
2% until 01/08/2004
1% until 01/08/2005 |
| 75.01-95% |
6.25%
6.6%
APR |
£494.75 |
£482.14 |
£149,383.34 |
| over 95% |
6.55%
7.1%
APR |
£508.75 |
£483.29 |
£152,445.83 |
5 Year Fixed |
up to 75% |
5.95%
6.5%
APR |
£480.94 |
£480.94 |
£148,569.16 |
01/08/2007 |
5% until
01/08/2003
4% until 01/08/2004
3% until 01/08/2005
2% until 01/08/2006
1% until 01/08/2007 |
| 75.01-95% |
6.25%
6.7%
APR |
£494.75 |
£483.00 |
£149,892.25 |
| over 95% |
6.55%
7.2%
APR |
£508.75 |
£484.99 |
£153,463.53 |
For further details contact a Customer
Adviser in one of our branches or FREEPHONE 0800 917 3025.
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