Fee Free Discount Mortgages

SPECIAL MORTGAGE SCHEME

With effect from 1 July 2010

Key Features

Maximum loan to value 75%

Current rate payable: 3.74% variable

Discount of 1.90% off the Society's Standard Variable Rate for the term of the mortgage

The overall cost for comparison is: 3.8% APR

Maximum loan: £300,000

 

SPECIAL FEATURES OF THIS MORTGAGE

• No fees payable on this product
• Offset facility available if required - please click here to see further information
• Flexible features, including the facility for payment holidays and the ability to make overpayments 

FEES PAYABLE ON THIS MORTGAGE

• No arrangement fee
• Free property assessment where the price or value of the property is £1 million or less
• No completion fee
• No Sealing fee/mortgage exit fee/administration fee on redemption of mortgage
• No early repayment charge

 

STANDARD FEATURES OF ALL HINCKLEY & RUGBY SPECIAL MORTGAGE SCHEMES

• Available on properties in England and Wales
• Minimum loan £25,000
• Minimum term 5 years
• Free standard administration fee for remortgages - see note below*
• Interest calculated on a daily basis
• No tied insurances
• Minimum age for applicants 23
• Portable up to the existing mortgage balance
• Tariff of charges during the life of any mortgage available on request
• Capital repayment vehicle must be in place for interest only mortgages

 

* Free standard administration fee for remortgages. As long as the property is already registered at HM Land Registry in the same name(s) as the mortgage applicant(s), the Society will arrange for the new Legal Charge to be registered in the name of the Society. You will be advised of any additional administrative or insurance charges, which you will be required to pay.

Please click here to enquire about this product

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE