Mortgage Deal of the Month

Our choice for August’s Mortgage Deal of the Month is a 5 year fixed rate at 3.32%:

Initial Rate:

A fixed rate of 3.32% for a period of 60 months

This reverts to:

Followed by a variable rate which is 3.49% above the Bank of England base rate, currently 1.75%, giving a current rate payable of 5.24% for the remaining term of the mortgage.

The overall cost for comparison is:

The APRC applicable to your loan is 4.4%

£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 £50,000 and £1,500,000
  • Early repayment charge: 4.50% of the amount repaid during the first 24 months; 4.00% of the amount repaid during the following 12 months; 2.50% of the amount repaid during the following 12 months; 1.00% of the amount repaid during the following 12 months.

Information is correct as at 10th August 2022.

Representative Example: 4.2% APRC based on borrowing £300,000 over 20 years on 3.29% fixed for a period of 60 months, giving 60 monthly payments of £1,713.48 followed by 180 payments of £1,890.28 on a variable rate (currently 4.74%). Total amount payable £443,124.20 including the following one off cost – £999 lender arrangement fee