Branches & agencies
Retention – 2 Year Discount 4.90% variable (2.39% off Homeowner Variable Rate)
HVD22 With effect from 10 March 2025
Initial Interest Rate
2.39% discount off the Society's Homeowner Variable Rate for 2 years. Will not go below a floor of 2.25%.
4.90%
variable
Max Loan to Value (LTV)
Maximum loan to value available:
80%
Product Fees
Application fee
Free
Completion fee
£999 (non-refundable)
£999 (non-refundable)
Overall Cost for Comparison
The overall cost for comparison
7.1% APRC representative
Fee information
Application fee
Free
Completion fee
£999 (non-refundable)
This fee can be paid before the start of the mortgage or you can elect to add this to the mortgage loan and it will be deducted from the mortgage advance on completion. By electing to add fees to the loan, you will pay interest on them at the same interest rate as your mortgage throughout the mortgage term and this will affect interest charges and payment calculations. If preferred, fees that have been added to the loan may be repaid by a separate capital payment at any time after the start of the mortgage and this will result in lower monthly payments and reduced interest charges.
Valuation fee
Not applicable
Early repayment charge
None
This charge is not applicable as there are no early repayment charges on this product.
Overpayments
You may make overpayments of any amount without incurring an early repayment charge.
Mortgage exit admin fee
£125 (non-refundable)
Representative Example
A Mortgage of
A mortgage of £226,399 (a loan of £225,400 plus a completion fee of £999 added to the loan)
Payable term
Payable over 28 years
Initial rate and term
Initially on a discounted variable rate for 2 years of 4.90%
Followed by
Our Homeowner Variable Rate of 7.29% for the remaining 26 years
Monthly payments
24 payments of £1,239.74 followed by 312 payments of £1,563.45
Total amount payable
The total amount payable would be £517,675.16 made up of the loan amount plus interest (£291,151.16) plus the fees below
Arrangement fee
Free
Mortgage exit administration fee
£125 (non-refundable)
Valuation fee
Free
Cost for comparison
7.1% APRC representative
Standard Features
- Available on properties in England and Wales
- Additional borrowing is available for existing mortgages
- Interest calculated on a daily basis
- Portable up to the existing mortgage balance
- Tariff of charges during the life of any mortgage available on request
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