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Mortgage product
information.

Additional Borrowing (Self Build) Standard Variable Rate – up to 80% LTV

Mortgage details

Initial rate

5.24% (SVR)

Rate Type

Variable

Rate Term

APRC

5.5%

Standard rate

STANDARD VARIABLE RATE of 5.24% for the life of the loan

Fees

Application Fee:
£199

Completion Fee:
£125

Valuation Fee:
N/A

CHAPS (Fee for transfer of funds to solicitor):
£35

Maximum loan

£500,000

Maximum LTV

80%

Additional information

Unlimited fee free over-payments.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Representative example

A mortgage of £49,000.00 payable over 29 years on our Standard Variable Rate currently at 5.24% would require 348 monthly payments of £275.04. The total amount payable would be £96,007.92 made up of the loan amount plus interest (£46,553.92), an application fee of £199, a completion fee of £125. a mortgage discharge fee of £95 and a mortgage funds release fee of £35. The overall cost for comparison is 5.5% APRC representative.

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