| Interest Rate |
Standard Variable Rate |
Overall Cost For Comparison |
Max % Property Value |
Arrangement Fee |
Application Fee |
|
| Buy-to-Let Mortgage 25% Deposit 3.49% Variable |
| 3.49% |
5.99% |
5.6% 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 5.9% 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 £157,000 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 on our Standard Variable Rate of 5.99% for the remaining term, would require 24 monthly payments of £456.61 and 324 monthly payments of £781.24.
The total amount payable would be £422,650.95 made up of the loan amount plus interest (£264,095.45) with a funds transfer fee of £25, mortgage application fee of £99, mortgage arrangement fee of £899, basic valuation of £330, legal fees of £117.50 and a mortgage exit fee of £85.
The overall cost for comparison is 5.9% APRC representative.
This is based on an interest only mortgage.
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This product may be withdrawn or amended at any time, without prior notice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 3.69% Variable |
| 3.69% |
5.99% |
5.9% APRC |
75% |
£1299 |
£99 |
|
Key Features
Variable rate
A variable rate, currently 3.69%, which is discounted by 2.30% 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 5.9% APRC representative.
What you Pay
- Daily interest.
- An arrangement fee of £1,299 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 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 £157,000 over 29 years initially on a discounted variable rate of 3.69% (equal to a 2.30% discount off our BTL SVR) for 2 years and then on our Buy to Let Standard Variable Rate of 5.99% for the remaining term, would require 24 monthly payments of £482.78 and 324 monthly payments of £781.16.
The total amount payable would be £423,653.98 made up of the loan amount plus interest (£264,698.48) with a funds transfer fee of £25, mortgage application fee of £99, mortgage arrangement fee of £1,299, legal fees of £117.50, a basic valuation fee of £330 and a mortgage exit fee of £85.
The overall cost for comparison is 5.9% 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 20% Deposit 2.74% Variable |
| 2.74% |
5.24% |
5.0% APRC |
80% |
£899 |
£99 |
|
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 5.0% APRC representative.
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.
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £157,000 over 29 years initially on a discounted variable rate of 2.74% (equal to a 2.50% discount off our SVR) for 2 years and then on our Standard Variable Rate of 5.24% for the remaining term, would require 24 monthly payments of £654.37 and 324 monthly payments of £864.15.
The total amount payable would be £296,926.80 made up of the loan amount plus interest (£138,701.30) 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.
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 3.59% Variable |
| 3.59% |
5.24% |
5.1% APRC |
90% |
N/A |
£99 |
|
Key Features
Variable rate
A variable rate, currently 3.59%, which is discounted by 1.65% 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 5.1% APRC representative.
What you Pay
- Daily interest.
- An application fee of £99 (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 (not available for Help to Buy).
Your home may be repossessed if you do not keep up repayments on your mortgage
Representative Example
A mortgage of £157,000 over 29 years initially on a discounted variable rate of 3.59% (equal to a 1.65% discount off our SVR) for 2 years and then on our Standard Variable Rate of 5.24% for the remaining term, would require 24 monthly payments of £726.64 and 324 monthly payments of £869.28.
The total amount payable would be £299,428.07 made up of the loan amount plus interest (£142,101.57) with a funds transfer fee of £25, mortgage application fee of £99, legal fees of £117.50 and a mortgage exit fee of £85.
The overall cost for comparison is 5.1% 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 4.20% Variable |
| 4.20% |
5.24% |
5.2% APRC |
95% |
N/A |
£99 |
|
Key Features
Variable rate
A variable rate, currently 4.20%, which is discounted by 1.04% 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 5.2% APRC representative.
What you Pay
- Daily interest.
- An application fee of £99 (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 £157,000 over 29 years initially on a discounted variable rate of 4.20% (equal to a 1.04% discount off our SVR) for 2 years and then on our Standard Variable Rate of 5.24% for the remaining term, would require 24 monthly payments of £781.04 and 324 monthly payments of £872.63.
The total amount payable would be £301,821.71 made up of the loan amount plus interest (£144,495.21) with a funds transfer fee of £25, mortgage application fee of £99, legal fees of £117.50 and a mortgage exit fee of £85.
The overall cost for comparison is 5.2% APRC representative.
Call us today on 0800 378 669
This product may be withdrawn or amended at any time, without prior notice
|