5 Year Fixed

Our 5 Year Fixed Mortgage offers a fixed rate of 2.74% for a period of 5 years from completion, followed by our standard variable rate currently 5.34%. The SVR interest rate charged won't fall below 2%.

Initial rate Overall cost for
comparison
Max % LTV Completion
fee
Representative
Example
2.74% 4.3% APRC 80% £0 View

Representative example

A Mortgage of  £179,674.00, payable over 21 years and 5 months (257 months) initially on a fixed rate for 5 years (60 months) of 2.74% and then on our current standard variable rate of 5.34% for the remaining 16 years and 5 months (197 months) would require 60 monthly payments of £924.97 then 197 monthly payments of £1,119.09. The total amount payable would be £276,882.28 made up of the loan amount plus interest (£96,693.28) and a £260.00 valuation fee, £30.00 CHAPS fee, £105.00 legal fees, and £120.00 mortgage exit administration fee. The overall cost for comparison is 4.3% representative APRC.

Key Features

Advance

Minimum £25,000: Maximum £400,000

Loan to Value (LTV)

Maximum 80% (subject to the Society's lending policy)

Term

Minimum 5 years: Maximum 35 years

Availability

This product is available for the purchase or remortgage of property in the East Midlands for the applicants own use.  All applications are subject to the Society’s general lending criteria, property valuation and satisfactory status enquiries. This product is a limited edition and can't be guaranteed until an application has been received.

Portability

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

Important Information  

The interest rate charged won't fall below 2%.

Early Repayment Charge Fees How to apply