| Interest Rate |
Standard Variable Rate |
Overall Cost For Comparison |
Max % Property Value |
Arrangement Fee |
Application Fee |
|
| Back on Track 2 Year Variable Rate Mortgage 40% Deposit 3.19% Variable |
|
| 3.19% |
4.89% |
4.7% APRC |
60% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 3.19%, which is discounted by 1.70% 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.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £184,000.00 over 27 years initially on a discounted variable rate of 3.19% (equal to a 1.70% 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 £847.86 and 300 monthly payments of £1012.13.
The total amount payable would be £324,312.72 made up of the loan amount plus interest (£140,003.72) 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This product may be withdrawn or amended at any time, without prior notice
|
| Back on Track 2 Year Variable Rate Remortgage 40% Deposit 3.19% Variable |
|
| 3.19% |
4.89% |
4.7% APRC |
60% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 3.19%, which is discounted by 1.70% 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.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £184,000.00 over 27 years initially on a discounted variable rate of 3.19% (equal to a 1.70% 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 £847.86 and 300 monthly payments of £1012.13.
The total amount payable would be £324,312.72 made up of the loan amount plus interest (£140,003.72) 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
|
| Buy-to-Let Mortgage 25% Deposit 3.49% Variable |
|
| 3.49% |
5.99% |
5.8% APRC |
75% |
£899 |
£99 |
|
Key Features
Variable rate
A variable rate, currently 3.49%, which is discounted by 2.50% from our Buy-to-Let Standard Variable Rate for the first 2 years. It then changes to our Buy-To-Let Standard Variable Rate, which is currently 5.99%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 5.8% APRC representative.
What you Pay
- Daily interest.
- An arrangement fee of £899 is payable with the application.
- An application fee of £99 (non-refundable) is payable with the application.
- A valuation fee is payable.
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
- £100 cashback for NEU members upon completion.
Who can apply and more information
- Minimum income of main applicant is £25,000 (£40,000 if joint application).
- Minimum property value of £75,000.
- Minimum loan amount £50,000.
- Not available for houses in multiple occupancy (must be sole occupant, couple or single family unit).
- Not available for first-time buyers or professional landlords.
- A single assured shorthold tenancy agreement will be required.
- Property cannot be let to family members.
- Available for home purchase and remortgage applications.
- This mortgage is not portable.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £184,000.00 over 27 years initially on a discounted variable rate of 3.49% (equal to a 2.50% discount off our SVR) for 2 years and then our Standard Variable Rate of 5.99% for the remaining term, would require 24 monthly payments of £535.13 and 300 monthly payments of £915.53.
The total amount payable would be £472,957.72 made up of the loan amount plus interest (£287,519.72) with a Application Fee of £99.00, Arrangement Fee of £899.00, Funds Transfer Fee of £25.00, Basic Valuation of £330.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 5.8% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Holiday Let Mortgage 25% Deposit 3.49% Variable |
|
| 3.49% |
5.99% |
5.8% APRC |
75% |
£899 |
£99 |
|
Key Features
Variable rate
A variable rate, currently 3.49%, which is discounted by 2.50% from our Buy-to-Let Standard Variable Rate for the first 2 years. It then changes to our Buy-To-Let Standard Variable Rate, which is currently 5.99%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 5.8% APRC representative.
What you Pay
- Daily interest.
- 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
- Minimum income of main applicant is £25,000 (£40,000 if joint application).
- Minimum property value of £75,000.
- Minimum loan amount £50,000
- Not available for first-time buyers or professional landlords.
- Available for home purchase and remortgage applications.
- This mortgage is not portable.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £184,000.00 over 27 years initially on a discounted variable rate of 3.49% (equal to a 2.50% discount off our SVR) for 2 years and then our Standard Variable Rate of 5.99% for the remaining term, would require 24 monthly payments of £535.13 and 300 monthly payments of £915.53.
The total amount payable would be £472,627.72 made up of the loan amount plus interest (£287,519.72) with a Application Fee of £99.00, Funds Transfer Fee of £25.00, Arrangement Fee of £899.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 5.8% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Holiday Let Remortgage 25% Deposit 3.49% Variable |
|
| 3.49% |
5.99% |
5.8% APRC |
75% |
£899 |
£99 |
|
Key Features
Variable rate
A variable rate, currently 3.49%, which is discounted by 2.50% from our Buy-to-Let Standard Variable Rate for the first 2 years. It then changes to our Buy-To-Let Standard Variable Rate, which is currently 5.99%, and remains on our variable rate terms for the rest of the mortgage.
The overall cost for comparison is 5.8% APRC representative.
What you Pay
- Daily interest.
- 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
- Minimum income of main applicant is £25,000 (£40,000 if joint application).
- Minimum property value of £75,000.
- Minimum loan amount £50,000
- Not available for first-time buyers or professional landlords.
- Available for remortgage applications.
- This mortgage is not portable.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £184,000.00 over 27 years initially on a discounted variable rate of 3.49% (equal to a 2.50% discount off our SVR) for 2 years and then our Standard Variable Rate of 5.99% for the remaining term, would require 24 monthly payments of £535.13 and 300 monthly payments of £915.53.
The total amount payable would be £472,627.72 made up of the loan amount plus interest (£287,519.72) with a Application Fee of £99.00, Funds Transfer Fee of £25.00, Arrangement Fee of £899.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 5.8% 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 2.59% Variable |
|
| 2.59% |
4.89% |
4.6% APRC |
80% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.59%, 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 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
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 £184,000.00 over 27 years initially on a discounted variable rate of 2.59% (equal to a 2.30% 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 £790.01 and 300 monthly payments of £1007.66.
The total amount payable would be £321,580.29 made up of the loan amount plus interest (£137,271.29) 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 4.6% 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 2.59% Variable |
|
| 2.59% |
4.89% |
4.6% APRC |
80% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.59%, 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 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.
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 £184,000.00 over 27 years initially on a discounted variable rate of 2.59% (equal to a 2.30% 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 £790.01 and 300 monthly payments of £1007.66.
The total amount payable would be £321,580.29 made up of the loan amount plus interest (£137,271.29) 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 4.6% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Back on Track 2 Year Variable Rate Mortgage 20% Deposit 3.64% Variable |
|
| 3.64% |
4.89% |
4.8% APRC |
80% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 3.64%, which is discounted by 1.25% 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 4.8% 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.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £184,000.00 over 27 years initially on a discounted variable rate of 3.64% (equal to a 1.25% 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 £892.75 and 300 monthly payments of £1015.29.
The total amount payable would be £326,340.36 made up of the loan amount plus interest (£142,031.36) 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
|
| Back on Track 2 Year Variable Rate Remortgage 20% Deposit 3.64% Variable |
|
| 3.64% |
4.89% |
4.8% APRC |
80% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 3.64%, which is discounted by 1.25% 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 4.8% 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.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £184,000.00 over 27 years initially on a discounted variable rate of 3.64% (equal to a 1.25% 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 £892.75 and 300 monthly payments of £1015.29.
The total amount payable would be £326,340.36 made up of the loan amount plus interest (£142,031.36) 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
|
| Teacher Exclusive, 2 Year Variable Rate Mortgage 20% Deposit 2.39% Variable |
|
| 2.39% |
4.89% |
4.6% APRC |
80% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.39%, 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 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 £184,000.00 over 27 years initially on a discounted variable rate of 2.39% (equal to a 2.50% 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 £771.25 and 300 monthly payments of £1006.11.
The total amount payable would be £320,664.04 made up of the loan amount plus interest (£136,355.04) 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 2.39% Variable |
|
| 2.39% |
4.89% |
4.6% APRC |
80% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.39%, 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 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 £184,000.00 over 27 years initially on a discounted variable rate of 2.39% (equal to a 2.50% 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 £771.25 and 300 monthly payments of £1006.11.
The total amount payable would be £320,664.04 made up of the loan amount plus interest (£136,355.04) 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
|
| 2 Year Variable Rate Mortgage 10% Deposit 2.84% Variable |
|
| 2.84% |
4.89% |
4.6% APRC |
90% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.84%, 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 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
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 £184,000.00 over 27 years initially on a discounted variable rate of 2.84% (equal to a 2.05% 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 £813.83 and 300 monthly payments of £1009.56.
The total amount payable would be £322,723.23 made up of the loan amount plus interest (£138,414.23) 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
|
| 2 Year Variable Rate Remortgage 10% Deposit 2.84% Variable |
|
| 2.84% |
4.89% |
4.6% APRC |
90% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.84%, 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 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.
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 £184,000.00 over 27 years initially on a discounted variable rate of 2.84% (equal to a 2.05% 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 £813.83 and 300 monthly payments of £1009.56.
The total amount payable would be £322,723.23 made up of the loan amount plus interest (£138,414.23) 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 Mortgage 10% Deposit 2.64% Variable |
|
| 2.64% |
4.89% |
4.6% APRC |
90% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.64%, 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 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 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 £184,000.00 over 27 years initially on a discounted variable rate of 2.64% (equal to a 2.25% 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 £794.74 and 300 monthly payments of £1008.05.
The total amount payable would be £321,811.06 made up of the loan amount plus interest (£137,502.06) 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 10% Deposit 2.64% Variable |
|
| 2.64% |
4.89% |
4.6% APRC |
90% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.64%, 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 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 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 £184,000.00 over 27 years initially on a discounted variable rate of 2.64% (equal to a 2.25% 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 £794.74 and 300 monthly payments of £1008.05.
The total amount payable would be £321,811.06 made up of the loan amount plus interest (£137,502.06) 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 Mortgage 5% Deposit 3.64% Variable |
|
| 3.64% |
4.89% |
4.8% APRC |
95% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 3.64%, which is discounted by 1.25% 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 4.8% 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 £184,000.00 over 27 years initially on a discounted variable rate of 3.64% (equal to a 1.25% 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 £892.75 and 300 monthly payments of £1015.29.
The total amount payable would be £326,340.36 made up of the loan amount plus interest (£142,031.36) 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
|
| Teacher Exclusive, 2 Year Variable Rate Remortgage 5% Deposit 3.64% Variable |
|
| 3.64% |
4.89% |
4.8% APRC |
95% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 3.64%, which is discounted by 1.25% 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 4.8% 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.
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 £184,000.00 over 27 years initially on a discounted variable rate of 3.64% (equal to a 1.25% 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 £892.75 and 300 monthly payments of £1015.29.
The total amount payable would be £326,340.36 made up of the loan amount plus interest (£142,031.36) 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
|