| Interest Rate |
Standard Variable Rate |
Overall Cost For Comparison |
Max % Property Value |
Arrangement Fee |
Application Fee |
|
| 2 Year Variable Rate Mortgage 20% Deposit 2.94% Variable |
|
| 2.94% |
5.24% |
5.0% APRC |
80% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.94%, which is discounted by 2.30% 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 £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
Who can apply and more information
- Available for home purchase and remortgage applications.
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 2.94% (equal to a 2.30% 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 £769.77 and 300 monthly payments of £977.80.
The total amount payable would be £312,137.33 made up of the loan amount plus interest (£139,828.33) 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This product may be withdrawn or amended at any time, without prior notice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
|
| 2 Year Variable Rate Mortgage 10% Deposit 3.19% Variable |
|
| 3.19% |
5.24% |
5.0% APRC |
90% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 3.19%, which is discounted by 2.05% 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 £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
Who can apply and more information
- Available for home purchase and remortgage applications.
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 3.19% (equal to a 2.05% 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 £792.56 and 300 monthly payments of £979.57.
The total amount payable would be £313,216.47 made up of the loan amount plus interest (£140,907.47) 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 10% Deposit 2.99% Variable |
|
| 2.99% |
5.24% |
5.0% APRC |
90% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.99%, which is discounted by 2.25% 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 £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 £172,000.00 over 27 years initially on a discounted variable rate of 2.99% (equal to a 2.25% 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 £774.30 and 300 monthly payments of £978.16.
The total amount payable would be £312,354.29 made up of the loan amount plus interest (£140,045.29) 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 5% Deposit 3.24% Variable |
|
| 3.24% |
5.24% |
5.0% APRC |
95% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 3.24%, 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 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 £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 discounted variable rate of 3.24% (equal to a 2.00% 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 £797.17 and 300 monthly payments of £979.91.
The total amount payable would be £313,429.35 made up of the loan amount plus interest (£141,120.35) 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
|