Mortgage Deal of the Month

Our choice for May’s Mortgage Deal of the Month is a 5 year fixed rate at 4.34%:

Initial Rate:

A fixed rate at 4.34% for a period of 60 months

This reverts to:

Followed by Nationwide BS’s Standard Mortgage Variable Rate, currently 7.99%, for the remaining term of the mortgage

The overall cost for comparison is:

The APRC applicable to your loan is 6.4%

£1,499 arrangement fee

Features:

  • Available on residential loans up to 60% of the purchase price or valuation of the property, whichever is the lower.
  • Available for purchase only
  • The product is available for loans from £300,000 to £5,000,000
  • Early repayment charges 5% for the first 24 months, 4% for the following 12 months, 3% for the following 12 months, 2% for the final 12 months

Information is correct as at 16th May 2024.

Representative Example: 6.4% APRC based on borrowing £300,000 over 20 years on 4.34% fixed for a period of 60 months, giving 60 monthly payments of £1,879.43 followed by 180 payments of £2,371.76 on a variable rate (currently 7.99%). Total amount payable £539,762.60 including the following one off cost – £1,499 lender arrangement fee