| Interest Rate |
Standard Variable Rate |
Overall Cost For Comparison |
Max % Property Value |
Arrangement Fee |
Application Fee |
|
| Teacher Exclusive, 2 Year Fixed Rate Mortgage 20% Deposit 3.44% Fixed |
|
| 3.44% |
5.24% |
5.0% APRC |
80% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.44% for the first 2 years (fixed until 14/07/2022). It then changes to our Standard Variable Rate, which is currently 5.24%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 5.0% APRC.
What you Pay
- Daily interest.
- An application fee of £199 (non-refundable) is payable with the application.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- £100 cashback for NEU members upon completion.
Who can apply and more information
- Available for home purchase applications only.
- Available to teachers only.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £172,000.00 over 27 years initially on a fixed rate of 3.44% (Ending on 14 July 2022) and then our Standard Variable Rate of 5.24% for the remaining term, would require 26 monthly payments of £815.73 and 298 monthly payments of £978.85.
The total amount payable would be £313,231.50 made up of the loan amount plus interest (£140,922.50) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 5.0% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, 2 Year Fixed Rate Remortgage 20% Deposit 3.44% Fixed |
|
| 3.44% |
5.24% |
5.0% APRC |
80% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.44% for the first 2 years (fixed until 14/07/2022). It then changes to our Standard Variable Rate, which is currently 5.24%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 5.0% APRC.
What you Pay
- Daily interest.
- An application fee of £199 (non-refundable) is payable with the application.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. shared ownership, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
- £100 cashback for NEU members upon completion.
Who can apply and more information
- Available for remortgage applications only.
- Available to teachers only.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £172,000.00 over 27 years initially on a fixed rate of 3.44% (Ending on 14 July 2022) and then our Standard Variable Rate of 5.24% for the remaining term, would require 26 monthly payments of £815.73 and 298 monthly payments of £978.85.
The total amount payable would be £313,231.50 made up of the loan amount plus interest (£140,922.50) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 5.0% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, 2 Year Variable Rate Mortgage 20% Deposit 2.74% Variable |
|
| 2.74% |
5.24% |
4.9% APRC |
80% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.74%, which is discounted by 2.50% from our Standard Variable Rate for the first 2 years. It then changes to our Standard Variable Rate, which is currently 5.24%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.9% APRC representative.
What you Pay
- Daily interest.
- An application fee of £199 (non-refundable) is payable with the application.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000
- £100 cashback for NEU members upon completion.
Who can apply and more information
- Available for home purchase and remortgage applications.
- At least one applicant must be a qualified teacher or lecturer.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £172,000.00 over 27 years initially on a discounted variable rate of 2.74% (equal to a 2.50% discount off our SVR) for 2 years and then our Standard Variable Rate of 5.24% for the remaining term, would require 24 monthly payments of £751.80 and 300 monthly payments of £976.36.
The total amount payable would be £311,273.11 made up of the loan amount plus interest (£138,964.11) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.9% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, 2 Year Variable Rate Remortgage 20% Deposit 2.74% Variable |
|
| 2.74% |
5.24% |
4.9% APRC |
80% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.74%, which is discounted by 2.50% from our Standard Variable Rate for the first 2 years. It then changes to our Standard Variable Rate, which is currently 5.24%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.9% APRC representative.
What you Pay
- Daily interest.
- An application fee of £199 (non-refundable) is payable with the application.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000
- For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. Shared Ownership, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
- £100 cashback for NEU members upon completion.
Who can apply and more information
Available for remortgage applications.
At least one applicant must be a qualified teacher or lecturer.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £172,000.00 over 27 years initially on a discounted variable rate of 2.74% (equal to a 2.50% discount off our SVR) for 2 years and then our Standard Variable Rate of 5.24% for the remaining term, would require 24 monthly payments of £751.80 and 300 monthly payments of £976.36.
The total amount payable would be £311,273.11 made up of the loan amount plus interest (£138,964.11) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.9% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, 5 Year Fixed Rate Mortgage 20% Deposit 3.49% Fixed |
|
| 3.49% |
5.24% |
4.6% APRC |
80% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.49% for the first 5 years (fixed until 14/06/2025). It then changes to our Standard Variable Rate, which is currently 5.24%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.6% APRC.
What you Pay
- Daily interest.
- An application fee of £199 (non-refundable) is payable with the application.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- £100 cashback for NEU members upon completion.
Who can apply and more information
- Available for home purchase applications only.
- At least one applicant must be a qualified teacher or lecturer.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £172,000.00 over 27 years initially on a fixed rate of 3.49% (Ending on 14 June 2025) and then our Standard Variable Rate of 5.24% for the remaining term, would require 61 monthly payments of £820.41 and 263 monthly payments of £962.04.
The total amount payable would be £303,386.98 made up of the loan amount plus interest (£131,077.98) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.6% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Teacher Exclusive, 5 Year Fixed Rate Remortgage 20% Deposit 3.49% Fixed |
|
| 3.49% |
5.24% |
4.6% APRC |
80% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.49% for the first 5 years (fixed until 14/06/2025). It then changes to our Standard Variable Rate, which is currently 5.24%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.6% APRC.
What you Pay
- Daily interest.
- An application fee of £199 (non-refundable) is payable with the application.
- A valuation fee is payable for all properties worth £800,000 or more.
Early repayment charge
An Early Repayment Charge of 3% on the amount repaid will be applied for the duration of the product term. You can overpay by up to 10% of the loan outstanding per calendar year without charge.
What we Pay
- The first valuation fee for properties worth less than £800,000.
- For remortgage applications, legal fees will be paid when using our appointed solicitor. For non-standard remortgages (i.e. shared ownership, transfer of equity, unencumbered property), we will pay £250 towards the legal costs and this will be sent directly to your solicitor on completion of the mortgage.
- £100 cashback for NEU members upon completion.
Who can apply and more information
- Available for remortgage applications only.
- At least one applicant must be a qualified teacher or lecturer.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £172,000.00 over 27 years initially on a fixed rate of 3.49% (Ending on 14 June 2025) and then our Standard Variable Rate of 5.24% for the remaining term, would require 61 monthly payments of £820.41 and 263 monthly payments of £962.04.
The total amount payable would be £303,386.98 made up of the loan amount plus interest (£131,077.98) with a Application Fee of £199.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.6% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|