Our choice for January’s Mortgage Deal of the Month is a 5 year fixed rate at 1.34%:
Initial Rate:
A fixed rate of 1.34% until 31/05/2026
This reverts to:
A variable rate which is 3.49% above the Bank of England base rate, currently 0.10%, giving a current rate payable of
3.59% for the remaining term of the mortgage
The overall cost for comparison is:
The APRC applicable to your loan is 2.8%
£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 £5,000 and £2,000,000
- Early Repayment Charges (ERC) of 3% of the amount repaid until 31/05/2026
Information is correct as at 18th January
Representative example:
Representative Example: 3.8% APRC based on borrowing £400,000 over 25 years on 1.44% fixed until 30.06.21, giving 24 monthly payments of £1,592.46 followed by 274 payments of £2,119.62 on a variable rate (currently 4.24%). Total amount payable £622,541 including the following one off cost – £999 lender arrangement fee.