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3 Year Fixed Rate Mortgage

Available for loans up to 80% of the purchase price or valuation of the property, whichever is lower, and 75% for mortgages available in conjunction with the Government's Help to Buy scheme.

Please note for Help to Buy applications: the monthly payment quoted for this mortgage does not include repayments towards the equity loan. 
3.59% 5.24% 5% APRC 80%

Key Features

Fixed rate

A fixed rate of ​3.​​59% for the first 3 years (fixed until 14/1​2/2021). 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 5.0% 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.

Representative Example:

A mortgage of £157,000 over 29 years initially on a fixed rate of 3.59% (ending on 14th December 2021) and then our Standard Variable Rate of 5.24% for the remaining term, would require 38 monthly payments of £726.64 and 310 monthly payments of £862.50.

The total amount payable would be £296,228.31 made up of the loan amount plus interest (£138,002.81) 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.

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. For remortgage applications, certain fees do not apply. Please see above for full details.

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

Product Reference: 352


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