Home Mortgages Existing Borrowers

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Existing Borrowers

These mortgages are for existing borrowers who are looking to find a new product for their current property. If you're an existing borrower and looking to buy a new home, then take a look below at our main range of mortgages, which are suitable for home purchase.

As an existing borrower of the Loughborough, we not only offer you a range of products designed to meet your individual needs, we also pride ourselves on providing excellent customer service.

We also offer additional borrowing to finance home improvements or help pay for a large purchase.

Short term fixed rates
Fixed rate mortgages for 3 years and under

Variable rates
Mortgages where the rate payable can change during the term.

Early repayment charges may apply. Please see specific product details for further information.

2 Year 1.80% Discount (Product Rate 3.19%, APR 4.8%)

Your home may be repossessed if you do not keep up repayments on your mortgage.

TITLE

2 year - 1.80% Discount Direct Only (3.19% variable - APR 4.9%)  Product LOY20 INV

For Transfers

RATES

3.19%     The overall cost for comparison is 4.9% APR

DESCRIPTION

This product includes a discount of 1.80% off the Society’s standard variable mortgage interest rate, currently 4.99%, for a period of 2 years from the date of transfer. At the end of the 2 years the Society’s prevailing standard variable mortgage interest rate will apply.  The interest rate charged cannot go below 2%.

PRODUCT

Transfer Balance -

Minimum £1,000 : Maximum £250,000

Loan to Value (LTV) -

Maximum 85% (the maximum LTV's are subject to the Society's lending policy)

Term -

Minimum 2 years : Maximum 35 years

Transfer Fee

£249     This fee can be added to the loan on transfer (subject to LTV limits).

Portable?

Yes   -    the mortgage product may be transferred to a new mortgage arranged by the borrower(s) subject to the Society’s lending criteria

EARLY REPAYMENT CHARGE

Full Repayment -

An early repayment charge equivalent to 5% of the advance amount applies if the loan is repaid in full within the first 2 years. Thereafter the Society's standard repayment charges will apply - see Tariff of Charges. The early repayment charge will be waived if the borrower(s) take out a new mortgage with the Society or die before the end of the mortgage term.

Partial Lump Sum Repayment –

Up to 10% of the advanced amount may be repaid in any year of the product rate period without charge. Repayments made above the 10% limit will be subject to a charge equivalent to 5%.

AVAILABILITY

This mortgage product is only available for mortgage transfers which meet the product criteria.

This product is a limited edition and cannot be guaranteed until an authority to transfer has been received from all parties to the mortgage.

 GENERAL

Mortgage Exit Administration Fee/ Additional Fees -

£140.00 inclusive of £50.00 Deeds Release Fee & £90.00 Sealing Fee  Additional administration fees may apply during the life of your mortgage. Details of these can be found in the Tariff of Charges leaflet.



3 Year 1.80% Discount (Product Rate 3.19%, APR 4.8%)

Your home may be repossessed if you do not keep up repayments on your mortgage.

TITLE

3 year - 1.80% Discount (3.19% variable - APR 4.9%)  Product LOY22 INV

For Transfers only

RATES

3.19%     The overall cost for comparison is 4.9% APR

DESCRIPTION

This product includes a discount of 1.80% off the Society’s standard variable mortgage interest rate, currently 4.99%, for a period of 3 years from the date of transfer. At the end of the 3 years the Society’s prevailing standard variable mortgage interest rate will apply.  The interest rate charged cannot go below 2%.

PRODUCT

Transfer Balance -

Minimum £1,000 : Maximum £250,000

Loan to Value (LTV) -

Maximum 85% (the maximum LTV's are subject to the Society's lending policy)

Term -

Minimum 3 years : Maximum 35 years

Transfer Fee

£349     This fee can be added to the loan on transfer (subject to LTV limits).

Portable?

Yes   -    the mortgage product may be transferred to a new mortgage arranged by the borrower(s) subject to the Society’s lending criteria

EARLY REPAYMENT CHARGE

Full Repayment -

An early repayment charge equivalent to 5% of the advance amount applies if the loan is repaid in full within the first 3 years. Thereafter the Society's standard repayment charges will apply - see Tariff of Charges. The early repayment charge will be waived if the borrower(s) take out a new mortgage with the Society or die before the end of the mortgage term.

Partial Lump Sum Repayment –

Up to 10% of the advanced amount may be repaid in any year of the product rate period without charge. Repayments made above the 10% limit will be subject to a charge equivalent to 5%.

AVAILABILITY

This mortgage product is only available for mortgage transfers which meet the product criteria.

This product is a limited edition and cannot be guaranteed until an authority to transfer has been received from all parties to the mortgage.

 GENERAL

Mortgage Exit Administration Fee/ Additional Fees -

£140.00 inclusive of £50.00 Deeds Release Fee & £90.00 Sealing Fee  Additional administration fees may apply during the life of your mortgage. Details of these can be found in the Tariff of Charges leaflet.



How to apply

We like to make your life easier, call into one of our branches and talk to one of our friendly and professional staff. Alternatively, you can call us on 01509 631950 or request a callback at a time convenient to you.

It will help to have handy
- ID and proof of residency in UK
- Details of income for all applicants
- Particulars of property being mortgaged

 

Request a callback




 

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