Our choice for May’s Mortgage Deal of the Month is a market leading 5-year fixed rate mortgage at 60% Loan To Value (LTV).
1.83% until 30th June 2023
This reverts to:
4.74% (Lender’s Standard Variable Rate)
The overall cost for comparison is:
Arrangement and booking fee:
- Available on residential loans up to 60% of the purchase price or valuation of the property, whichever is the lower.
- Free Standard Valuation
- Flexible Features – Portable, Payment holidays available,
- Available for both purchase and remortgage.
- The product is available up to a loan of £300,000
- An Early Repayment Charge (ERC) of 5.00% of loan amount until 30/06/2020, 4.00% of loan amount until 30/06/2021, 3.00% of loan amount until 30/06/2022, 2.00% of loan amount until 30/06/2023.
Information is correct as at 17th May 2018.
3.6% APRC based on borrowing £400,000 over 25 years on 1.29% fixed for 24 months, giving 24 monthly payments of £1,564.56 followed by 276 payments of £2,069.74 on a variable rate (currently 3.99%). Total amount payable £609,056 including the following one off costs – £999 lender arrangement fee and £20 remittance fee.