Our choice for March’s Mortgage Deal of the Month is a 5 year fixed rate at 1.79%:
Initial Rate:
A fixed rate of 1.79% for a period of 60 months
This reverts to:
Followed by the lenders standard variable rate, currently 3.99% for the remaining term of the mortgage
The overall cost for comparison is:
The APRC applicable to your loan is 3.0%
£999 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 and remortgage
- The product is available for loans between £25,000 and £1,000,000
- Early repayment charge: 3% of loan amount redeemed to be paid within 2 years; then 2.5% of loan amount redeemed to be paid for next 1 year; then 1.75% of loan amount redeemed to be paid for next 1 year; then 0.75% of loan amount redeemed to be paid for next 1 year
Information is correct as at 8th March 2022.
Representative example:
Representative Example: 3.0% APRC based on borrowing £350,000 over 20 years on 1.79% fixed for a period of 60 months, giving 60 monthly payments of £1,714.05 followed by 180 payments of £2,030.28 on a variable rate (currently 3.99%). Total amount payable £469,978.40 including the following one off cost – £999 lender arrangement fee