| Interest Rate |
Standard Variable Rate |
Overall Cost For Comparison |
Maximum LTV |
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 £197,194.00 over 29 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 £869.30 and 324 monthly payments of £1049.52.
The total amount payable would be £361,233.96 made up of the loan amount plus interest (£163,730.96) 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This product may be withdrawn or amended at any time, without prior notice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 £197,194.00 over 29 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 £869.30 and 324 monthly payments of £1049.52.
The total amount payable would be £361,233.96 made up of the loan amount plus interest (£163,730.96) 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 (subject to availability) 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 £197,194.00 over 29 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 £573.51 and 324 monthly payments of £981.32.
The total amount payable would be £530,362.83 made up of the loan amount plus interest (£331,730.83) 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 2 Year Variable Rate Mortgage 25% Deposit 3.39% Variable |
|
| 3.39% |
5.99% |
5.7% APRC |
75% |
N/A |
N/A |
|
Key Features
Variable rate
A variable rate, currently 3.39%, which is discounted by 2.60% from our Standard Variable Rate for the first 2 years. It then changes to our 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 5.7% 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 £197,194.00 over 29 years initially on a discounted variable rate of 3.39% (equal to a 2.60% 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 £890.84 and 324 monthly payments of £1174.87.
The total amount payable would be £402,552.12 made up of the loan amount plus interest (£205,248.12) with a Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 5.7% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|
| Holiday Let 2 Year Variable Rate Remortgage 25% Deposit 3.39% Variable |
|
| 3.39% |
5.99% |
5.7% APRC |
75% |
N/A |
N/A |
|
Key Features
Variable rate
A variable rate, currently 3.39%, which is discounted by 2.60% from our Standard Variable Rate for the first 2 years. It then changes to our 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 5.7% 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 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 £197,194.00 over 29 years initially on a discounted variable rate of 3.39% (equal to a 2.60% 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 £890.84 and 324 monthly payments of £1174.87.
The total amount payable would be £402,552.12 made up of the loan amount plus interest (£205,248.12) with a Funds Transfer Fee of £25.00 and a Mortgage Exit Fee of £85.00.
The overall cost for comparison is 5.7% 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 3.19% Variable |
|
| 3.19% |
4.89% |
4.7% APRC |
80% |
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
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 £197,194.00 over 29 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 £869.30 and 324 monthly payments of £1049.52.
The total amount payable would be £361,233.96 made up of the loan amount plus interest (£163,730.96) 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
|
| 2 Year Variable Rate Remortgage 20% Deposit 3.19% Variable |
|
| 3.19% |
4.89% |
4.7% APRC |
80% |
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.
- 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 £197,194.00 over 29 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 £869.30 and 324 monthly payments of £1049.52.
The total amount payable would be £361,233.96 made up of the loan amount plus interest (£163,730.96) 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 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 £197,194.00 over 29 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 £918.18 and 324 monthly payments of £1052.70.
The total amount payable would be £363,439.85 made up of the loan amount plus interest (£165,936.85) 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 £197,194.00 over 29 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 £918.18 and 324 monthly payments of £1052.70.
The total amount payable would be £363,439.85 made up of the loan amount plus interest (£165,936.85) 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 2.89% Variable |
|
| 2.89% |
4.89% |
4.7% APRC |
80% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.89%, 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 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 upon completion of your mortgage, if either or both applicants are NEU members.
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 £197,194.00 over 29 years initially on a discounted variable rate of 2.89% (equal to a 2.00% 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 £837.53 and 324 monthly payments of £1047.29.
The total amount payable would be £359,747.33 made up of the loan amount plus interest (£162,244.33) 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 4.7% 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 2.89% Variable |
|
| 2.89% |
4.89% |
4.7% APRC |
80% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 2.89%, 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 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
- 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 upon completion of your mortgage, if either or both applicants are NEU members.
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 £197,194.00 over 29 years initially on a discounted variable rate of 2.89% (equal to a 2.00% 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 £837.53 and 324 monthly payments of £1047.29.
The total amount payable would be £359,747.33 made up of the loan amount plus interest (£162,244.33) 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 4.7% 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 3.29% Variable |
|
| 3.29% |
4.89% |
4.7% APRC |
90% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 3.29%, which is discounted by 1.60% 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
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 £197,194.00 over 29 years initially on a discounted variable rate of 3.29% (equal to a 1.60% 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 £880.04 and 324 monthly payments of £1050.24.
The total amount payable would be £361,725.54 made up of the loan amount plus interest (£164,222.54) 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
|
| 2 Year Variable Rate Remortgage 10% Deposit 3.29% Variable |
|
| 3.29% |
4.89% |
4.7% APRC |
90% |
N/A |
£199 |
|
Key Features
Variable rate
A variable rate, currently 3.29%, which is discounted by 1.60% 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
- 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 £197,194.00 over 29 years initially on a discounted variable rate of 3.29% (equal to a 1.60% 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 £880.04 and 324 monthly payments of £1050.24.
The total amount payable would be £361,725.54 made up of the loan amount plus interest (£164,222.54) 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
|
| Teacher Exclusive, 2 Year Variable Rate Mortgage 10% Deposit 2.99% Variable |
|
| 2.99% |
4.89% |
4.7% APRC |
90% |
N/A |
N/A |
|
Key Features
Variable rate
A variable rate, currently 2.99%, which is discounted by 1.90% 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.
- 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 upon completion of your mortgage, if either or both applicants are NEU members.
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 £197,194.00 over 29 years initially on a discounted variable rate of 2.99% (equal to a 1.90% 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 £848.05 and 324 monthly payments of £1048.04.
The total amount payable would be £360,044.35 made up of the loan amount plus interest (£162,740.35) with a 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
|
| Teacher Exclusive, 2 Year Variable Rate Remortgage 10% Deposit 2.99% Variable |
|
| 2.99% |
4.89% |
4.7% APRC |
90% |
N/A |
N/A |
|
Key Features
Variable rate
A variable rate, currently 2.99%, which is discounted by 1.90% 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.
- 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 upon completion of your mortgage, if either or both applicants are NEU members.
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 £197,194.00 over 29 years initially on a discounted variable rate of 2.99% (equal to a 1.90% 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 £848.05 and 324 monthly payments of £1048.04.
The total amount payable would be £360,044.35 made up of the loan amount plus interest (£162,740.35) with a 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
|
| Teacher Exclusive, 2 Year Variable Rate Mortgage 5% Deposit 3.35% Variable |
|
| 3.35% |
4.89% |
4.8% APRC |
95% |
N/A |
N/A |
|
Key Features
Variable rate
A variable rate, currently 3.35%, which is discounted by 1.54% 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.
- 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 upon completion of your mortgage, if either or both applicants are NEU members.
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 £197,194.00 over 29 years initially on a discounted variable rate of 3.35% (equal to a 1.54% discount off our SVR) for 2 years and then our Standard Variable Rate of 4.89% for the remaining term, would require 23 monthly payments of £888.03 and 324 monthly payments of £1052.59.
The total amount payable would be £362,118.35 made up of the loan amount plus interest (£164,814.35) with a 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, Shared Ownership, 2 Year Variable Rate Mortgage 5% Deposit 3.50% Variable |
|
| 3.50% |
4.89% |
4.8% APRC |
95% |
N/A |
N/A |
|
Key Features
Variable rate
A variable rate, currently 3.50%, which is discounted by 1.39% 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.
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 upon completion of your mortgage, if either or both applicants are NEU members.
Who can apply and more information
- Available for Shared Ownership home purchase and remortgage applications.
- Available to teachers only.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £197,194.00 over 29 years initially on a discounted variable rate of 3.50% (equal to a 1.39% 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 £902.82 and 324 monthly payments of £1051.71.
The total amount payable would be £362,550.68 made up of the loan amount plus interest (£165,246.68) with a 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, Shared Ownership, 2 Year Variable Rate Remortgage 5% Deposit 3.50% Variable |
|
| 3.50% |
4.89% |
4.8% APRC |
95% |
N/A |
N/A |
|
Key Features
Variable rate
A variable rate, currently 3.50%, which is discounted by 1.39% 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.
- 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 upon completion of your mortgage, if either or both applicants are NEU members.
- 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 Shared Ownership home purchase and remortgage applications.
- Available to teachers only.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £197,194.00 over 29 years initially on a discounted variable rate of 3.50% (equal to a 1.39% 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 £902.82 and 324 monthly payments of £1051.71.
The total amount payable would be £362,550.68 made up of the loan amount plus interest (£165,246.68) with a 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
|