Fixed until 31/03/2029. After which it reverts to our Residential Mortgage Variable Rate (RMVR) for the rest of the term. Our current RMVR is 6.79%.
Annual Percentage Rate of Charge (APRC)
The overall cost for comparison is 6.6% APRC
The APRC is calculated on: A repayment mortgage of £221,500 over 30 years on a fixed rate of 5.65% until 31/03/2029, and then our RMVR currently 6.79%, for the remaining term. This mortgage requires 60 monthly payments of £1,277.61, 299 monthly payments of £1421.59 followed by a final payment of £261.18. The total amount payable is £501,973.19 made up of the loan amount plus interest and CHAPS fee of £20. The interest rate quoted includes a 0.25% Direct Debit discount.
Monthly payments must be paid in advance by Direct Debit on the 1st of each month. The interest rates quoted include a 0.25% Direct Debit discount. If the Direct Debit is cancelled, the discount will be removed.
An Early Repayment Charge (ERC) applies if you repay your mortgage early or make an overpayment that's more than your 10% annual overpayment allowance, during the first 5 years. For full details please see your Mortgage Illustration/offer.
Our Track Record mortgage is only available on a repayment basis. This means that you will pay back capital as well as interest over the mortgage term.
All mortgages are considered alongside lending criteria, valuation and underwriter approval.
The maximum loan size may vary due to other lending criteria (as well as affordability), which will be reviewed during your application.
There are no application or completion fees for our Track Record mortgage. Other fees may apply after the mortgage is taken out depending on your circumstances. See our Tariff of Mortgage Charges [PDF].