| Interest Rate |
Standard Variable Rate |
Overall Cost For Comparison |
Max % Property Value |
Arrangement Fee |
Application Fee |
|
| 2 Year Fixed Rate Mortgage 20% Deposit 3.59% Fixed |
| 3.59% |
5.24% |
5.1% APRC |
80% |
£899 |
£99 |
|
Key Features
Fixed rate
A fixed rate of 3.59% for the first 2 years (fixed until 14/04/2021). 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 5.1% APRC.
What you Pay
- Daily interest.
- An application fee of £99 (non-refundable) is payable with the application.
- An arrangement fee of £899 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.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £157,000 over 29 years initially on a fixed rate of 3.59% (ending on 14th April 2021) and then our Standard Variable Rate of 5.24% for the remaining term, would require 26 monthly payments of £726.64 and 322 monthly payments of £867.25.
The total amount payable would be £299,448.13 made up of the loan amount plus interest (£140,998.79) with a funds transfer fee of £25, mortgage application fee of £99, mortgage arrangement fee of £899, legal fees of £117.50 and a mortgage exit fee of £85.
The overall cost for comparison is 5.1% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| 2 Year Fixed Rate Remortgage 20% Deposit 3.59% Fixed |
| 3.59% |
5.24% |
5.1% APRC |
80% |
N/A |
£99 |
|
Key Features
Fixed rate
A fixed rate of 3.59% for the first 2 years (fixed until 14/04/2021). 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 5.1% APRC.
What you Pay
- Daily interest.
- An application fee of £99 (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.
- 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.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £157,000 over 29 years initially on a fixed rate of 3.59% (ending on 14th April 2021) and then our Standard Variable Rate of 5.24% for the remaining term, would require 26 monthly payments of £726.64 and 322 monthly payments of £867.25.
The total amount payable would be £299,448.13 made up of the loan amount plus interest (£140,998.79) with a funds transfer fee of £25, mortgage application fee of £99, mortgage arrangement fee of £899, legal fees of £117.50 and a mortgage exit fee of £85.
The overall cost for comparison is 5.1% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| 2 Year Variable Rate Mortgage 20% Deposit 2.74% Variable |
| 2.74% |
5.24% |
5.0% APRC |
80% |
£899 |
£99 |
|
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 5.0% APRC representative.
What you Pay
- Daily interest.
- An application fee of £99 (non-refundable) is payable with the application.
- An arrangement fee of £899 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.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £157,000 over 29 years initially on a discounted variable rate of 2.74% (equal to a 2.50% discount off our SVR) for 2 years and then on our Standard Variable Rate of 5.24% for the remaining term, would require 24 monthly payments of £654.37 and 324 monthly payments of £864.15.
The total amount payable would be £296,926.80 made up of the loan amount plus interest (£138,701.30) with a funds transfer fee of £25, mortgage application fee of £99, mortgage arrangement fee of £899, legal fees of £117.50 and a mortgage exit fee of £85.
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
|
| 2 Year Variable Rate Remortgage 20% Deposit 2.74% Variable |
| 2.74% |
5.24% |
5.0% APRC |
80% |
N/A |
£99 |
|
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 5.0% APRC representative.
What you Pay
- Daily interest.
- An application fee of £99 (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.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £157,000 over 29 years initially on a discounted variable rate of 2.74% (equal to a 2.50% discount off our SVR) for 2 years and then on our Standard Variable Rate of 5.24% for the remaining term, would require 24 monthly payments of £654.37 and 324 monthly payments of £864.15.
The total amount payable would be £296,926.80 made up of the loan amount plus interest (£138,701.30) with a funds transfer fee of £25, mortgage application fee of £99, mortgage arrangement fee of £899, legal fees of £117.50 and a mortgage exit fee of £85.
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 Remortgage 20% Deposit 1.85% Variable |
| 1.85% |
5.24% |
4.9% APRC |
80% |
£99 |
£999 |
|
Key Features
Variable rate
A variable rate, currently 1.85%, which is discounted by 3.39% 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 £99 (non-refundable) is payable with the application.
- A mortgage arrangement fee of £999 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
- 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 £157,000 over 29 years initially on a discounted variable rate of 1.85% (equal to a 3.39% discount off our SVR) for 2 years and then on our Standard Variable Rate of 5.24% for the remaining term, would require 24 monthly payments of £583.28 and 324 monthly payments of £858.21.
The total amount payable would be £293,392.23 made up of the loan amount plus interest (£135,091.73) with a funds transfer fee of £25, mortgage application fee of £99, mortgage arrangement fee of £999, legal fees of £117.50 and a mortgage exit fee of £85.
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
|