Standard Variable Rate
Rate
4.89%
Standard Variable Rate for the mortgage term, currently 4.64%.
APRC
Early repayment charge
Summary
Term
Initial rate
Overall cost
APRC
Fees / Incentives
- Application fee: None
- Product fee: None
- ONE present day valuation included
Max Loan to Value
LTV
Interest charged frequency
Interest charged
Daily
This rate is exclusively available to all existing members who wish to either borrow additional funds during their mortgage term or raise additional funds when porting their mortgage.
Should you wish to pay your mortgage off before the end of the agreed term, a £125.00 mortgage exit fee will be payable, plus any applicable early repayment charges.
Additional notes
You may only have one included present day valuation which must be carried out by a valuer instructed by us.
Launch date 24.01.20
Overall cost of a mortgage
To help understand the typical cost of this mortgage, please see the representative example below.
Representative example
(This is not an illustration and should only be used as an example)
A mortgage of £30,000.00 starting on 01.07.22 payable over 20 years on our standard variable rate currently at 4.89% would require 239 monthly payments of £196.22, plus one initial interest payment of £124.63.
The total amount payable would be £47,021.21 made up of the loan amount plus interest of £17,005.21 and a funds transfer fee of £8.00.
The overall cost for comparison is 5.0% APRC representative.
