This 5 Year Buy for Uni Variable Mortgage offers a discount of 0.90% off our standard variable rate, currently 5.34%, for a period of 5 years from completion, followed by our standard variable rate applicable at that time. The interest rate charged won't fall below 2%.
Overall cost for
|Max % LTV||
Minimum £90,000: Maximum £400,000
Loan to Value (LTV)
Minimum 5 years: Maximum 7 years
This product is available to student applicants in full-time higher education to purchase accommodation for their own use in their City/Town of study. This property must be in mainland England and Wales, and;
All applications are subject to the Society’s general lending criteria, property value and satisfactory status enquiries. This product is a limited edition and can't be guaranteed until an application has been received.
This mortgage product is not portable.
The interest rate charged won't fall below 2%.
No early repayment charges apply.
Partial Lump Sum Repayment
Repayments of any amount are permitted.
A fee of £999.00 is payable on completion.
A valuation for mortgage purposes will be required on application, the cost of which must be met by the applicant. See separate scale of fees.
On completion, the advance will be released to the appointed Solicitor by CHAPS (Clearing House Automated Payment Service). A fee of £30.00 is payable on application.
Mortgage Exit Administration Fee / Additional fees
£120.00 inclusive of £35.00 Deeds Release Fee and £85.00 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.
The Loughborough mortgage service is tailored to each individual and offered on a fully advised basis where applicable. Our qualified advisers will spend time with you to understand your mortgage needs and financial circumstances before recommending the most suitable solution for you.
There are a number of ways you can arrange to talk to one of our friendly team of Advisers, choose what’s best for you: