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2 Year Fixed Rate Remortgage

Available for loans up to 90% of the purchase price or valuation of the property, whichever is lower.
4.24% 4.89% 4.9% APRC 90%

Key Features

Fixed rate

A fixed rate of 4.24% for the first 2 years (fixed until 14/07/2023). 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 £99 (non-refundable) is payable with the application.
  • An arrangement fee of £899.
  • 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.

Who can apply and more information

  • Available for remortgage applications only.

Representative Example:

A mortgage of £202,000.00 over 26 years initially on a fixed rate of 4.24% (Ending on 14 July 2023) and then our Standard Variable Rate of 4.89% for the remaining term, would require 31 monthly payments of £1069.61 and 281 monthly payments of £1135.93.

The total amount payable would be £353,485.72 made up of the loan amount plus interest (£150,377.72) with a Application Fee of £99.00, Arrangement Fee of £899.00, Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00. 

The overall cost for comparison is 4.9% APRC representative.

Your home may be repossessed if you do not keep up repayments on your mortgage

Please note: the representative example is for a house purchase only. 

This information does not contain all of the details you need to choose a mortgage. Make sure that you read the separate European Standardised Information Sheet before you make a decision. For full details, please call our friendly team on 0800 378 669.

Product Reference: 518

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