| Interest Rate |
Standard Variable Rate |
Overall Cost For Comparison |
Maximum LTV |
Arrangement Fee |
Application Fee |
|
| Teacher Exclusive, 2 Year Fixed Rate Mortgage 20% Deposit 3.54% Fixed |
|
| 3.54% |
4.89% |
4.7% APRC |
80% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.54% for the first 2 years (fixed until 14/04/2023). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.7% 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 £202,000.00 over 26 years initially on a fixed rate of 3.54% (Ending on 14 April 2023) and then our Standard Variable Rate of 4.89% for the remaining term, would require 28 monthly payments of £991.35 and 284 monthly payments of £1130.82.
The total amount payable would be £349,239.28 made up of the loan amount plus interest (£146,930.28) 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 4.7% 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This product may be withdrawn or amended at any time, without prior notice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 3.54% Fixed |
|
| 3.54% |
4.89% |
4.7% APRC |
80% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.54% for the first 2 years (fixed until 14/04/2023). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.7% 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 £202,000.00 over 26 years initially on a fixed rate of 3.54% (Ending on 14 April 2023) and then our Standard Variable Rate of 4.89% for the remaining term, would require 28 monthly payments of £991.35 and 284 monthly payments of £1130.82.
The total amount payable would be £349,239.28 made up of the loan amount plus interest (£146,930.28) 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 4.7% 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 2.89% Variable |
|
| 2.89% |
4.89% |
4.6% APRC |
80% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.89%, which is discounted by 2.00% from our Standard Variable Rate for the first 2 years. It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.6% 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 £202,000.00 over 26 years initially on a discounted variable rate of 2.89% (equal to a 2.00% discount off our SVR) for 2 years and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £921.60 and 288 monthly payments of £1129.16.
The total amount payable would be £347,641.51 made up of the loan amount plus interest (£145,332.51) 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, 2 Year Variable Rate Remortgage 20% Deposit 2.89% Variable |
|
| 2.89% |
4.89% |
4.6% APRC |
80% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.89%, which is discounted by 2.00% from our Standard Variable Rate for the first 2 years. It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.6% 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 £202,000.00 over 26 years initially on a discounted variable rate of 2.89% (equal to a 2.00% discount off our SVR) for 2 years and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £921.60 and 288 monthly payments of £1129.16.
The total amount payable would be £347,641.51 made up of the loan amount plus interest (£145,332.51) 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 Mortgage 20% Deposit 3.59% Fixed |
|
| 3.59% |
4.89% |
4.5% APRC |
80% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.59% for the first 5 years (fixed until 14/11/2025). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.5% 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 £202,000.00 over 26 years initially on a fixed rate of 3.59% (Ending on 14 November 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £996.83 and 253 monthly payments of £1117.64.
The total amount payable would be £341,904.76 made up of the loan amount plus interest (£139,595.76) 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 4.5% 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 3.59% Fixed |
|
| 3.59% |
4.89% |
4.5% APRC |
80% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.59% for the first 5 years (fixed until 14/11/2025). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.5% 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 £202,000.00 over 26 years initially on a fixed rate of 3.59% (Ending on 14 November 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £996.83 and 253 monthly payments of £1117.64.
The total amount payable would be £341,904.76 made up of the loan amount plus interest (£139,595.76) 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 4.5% 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 Mortgage 10% Deposit 3.74% Fixed |
|
| 3.74% |
4.89% |
4.8% APRC |
90% |
£800 |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.74% for the first 2 years (fixed until 14/12/2023). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.7% APRC.
What you Pay
Daily interest.
An application fee of £199 (non-refundable) is payable with the application.
An arrangement fee of £800 (refundable if mortgage cannot complete).
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 £202,000.00 over 26 years initially on a fixed rate of 3.74% (Ending on 14 December 2023) and then our Standard Variable Rate of 4.89% for the remaining term, would require 34 monthly payments of £1013.38 and 278 monthly payments of £1130.54.
The total amount payable would be £349,874.81 made up of the loan amount plus interest (£146,765.81) with a Application Fee of £199.00, Arrangement Fee of £800.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.7% 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 10% Deposit 3.74% Fixed |
|
| 3.74% |
4.89% |
4.7% APRC |
90% |
£800 |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.74% for the first 2 years (fixed until 14/12/2023). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.7% APRC.
What you Pay
Daily interest.
An application fee of £199 (non-refundable) is payable with the application.
An arrangement fee of £800 (refundable if the mortgage cannot complete).
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 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 £202,000.00 over 26 years initially on a fixed rate of 3.74% (Ending on 14 December 2023) and then our Standard Variable Rate of 4.89% for the remaining term, would require 34 monthly payments of £1013.38 and 278 monthly payments of £1130.54.
The total amount payable would be £349,874.81 made up of the loan amount plus interest (£146,765.81) with a Application Fee of £199.00, Arrangement Fee of £800.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 4.7% 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 10% Deposit 2.99% Variable |
|
| 2.99% |
4.89% |
4.7% APRC |
90% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.99%, which is discounted by 1.90% from our Standard Variable Rate for the first 2 years. It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.7% 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 £202,000.00 over 26 years initially on a discounted variable rate of 2.99% (equal to a 1.90% discount off our SVR) for 2 years and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £932.14 and 288 monthly payments of £1130.00.
The total amount payable would be £348,136.95 made up of the loan amount plus interest (£145,827.95) 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 4.7% 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 10% Deposit 2.99% Variable |
|
| 2.99% |
4.89% |
4.7% APRC |
90% |
N/A |
N/A |
|
Key Features
Variable rate
A variable rate, currently 2.99%, which is discounted by 1.90% from our Standard Variable Rate for the first 2 years. It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.7% 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 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 £202,000.00 over 26 years initially on a discounted variable rate of 2.99% (equal to a 1.90% discount off our SVR) for 2 years and then our Standard Variable Rate of 4.89% for the remaining term, would require 24 monthly payments of £932.14 and 288 monthly payments of £1130.00.
The total amount payable would be £348,136.95 made up of the loan amount plus interest (£145,827.95) 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 4.7% 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 10% Deposit 3.79% Fixed |
|
| 3.79% |
4.89% |
4.6% APRC |
90% |
£800 |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.79% for the first 5 years (fixed until 14/03/2026). It then changes to our Standard Variable Rate, which is currently 4.89%, 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.
- An arrangement fee of £800 (refundable if mortgage cannot complete).
- 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 £202,000.00 over 26 years initially on a fixed rate of 3.79% (Ending on 14 March 2026) and then our Standard Variable Rate of 4.89% for the remaining term, would require 61 monthly payments of £1018.93 and 251 monthly payments of £1120.71.
The total amount payable would be £344,582.98 made up of the loan amount plus interest (£141,473.98) with a Application Fee of £199.00, Arrangement Fee of £800.00, 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 10% Deposit 3.79% Fixed |
|
| 3.79% |
4.89% |
4.6% APRC |
90% |
£800 |
£199 |
|
Key Features
Fixed rate
A fixed rate of 3.79% for the first 5 years (fixed until 14/03/2026). It then changes to our Standard Variable Rate, which is currently 4.89%, 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.
- An arrangement fee of £800.
- 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 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 £202,000.00 over 26 years initially on a fixed rate of 3.79% (Ending on 14 March 2026) and then our Standard Variable Rate of 4.89% for the remaining term, would require 61 monthly payments of £1018.93 and 251 monthly payments of £1120.71.
The total amount payable would be £344,582.98 made up of the loan amount plus interest (£141,473.98) with a Application Fee of £199.00, Arrangement Fee of £800.00, 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, Shared Ownership, 2 Year Fixed Rate Mortgage (subject to availability) 5% Deposit 4.44% Fixed |
|
| 4.44% |
4.89% |
4.9% APRC |
95% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 4.44% for the first 2 years (fixed until 14/01/2023). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.9% 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 Shared Ownership 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 £202,000.00 over 26 years initially on a fixed rate of 4.44% (Ending on 14 January 2023) and then our Standard Variable Rate of 4.89% for the remaining term, would require 25 monthly payments of £1092.56 and 287 monthly payments of £1138.88.
The total amount payable would be £354,506.15 made up of the loan amount plus interest (£152,197.15) 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, Shared Ownership, 5 Year Fixed Rate Mortgage (subject to availability) 5% Deposit 4.49% Fixed |
|
| 4.49% |
4.89% |
4.8% APRC |
95% |
N/A |
£199 |
|
Key Features
Fixed rate
A fixed rate of 4.49% for the first 5 years (fixed until 14/11/2025). It then changes to our Standard Variable Rate, which is currently 4.89%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 4.8% 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 Shared Ownership 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 £202,000.00 over 26 years initially on a fixed rate of 4.49% (Ending on 14 November 2025) and then our Standard Variable Rate of 4.89% for the remaining term, would require 59 monthly payments of £1098.34 and 253 monthly payments of £1133.92.
The total amount payable would be £352,017.69 made up of the loan amount plus interest (£149,708.69) 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 4.8% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|