Specialist Self Employed 3 Year Fixed

Our 3 Year Fixed Mortgage is available to self-employed applicants who have been trading for less than 24 months and can only provide 1 year accounts prepared by a qualified accountant or can only provide 1 year HMRC SA302. 

It offers a fixed rate of 3.39% for a period of 3 years from completion, followed by our standard variable rate currently 5.34%. The interest rate charged won't fall below 2%.

Initial rate Overall cost for
comparison
Max % LTV Completion
fee
Representative
Example
3.39% 5.0% APRC 80% £999 View

Representative example

A Mortgage of  £179,674.00, payable over 21 years and 5 months (257 months) initially on a fixed rate for 3 years (36 months) of 3.39% and then on our current standard variable rate of 5.34% for the remaining 18 years and 5 months (221 months) would require 36 monthly payments of £984.30 then 221 monthly payments of £1,150.56. The total amount payable would be £291,464.95 made up of the loan amount plus interest (£110,536.95) and a £999.00 completion fee, £30.00 CHAPS fee, £105.00 legal fees and £120.00 mortgage exit administration fee. The overall cost for comparison is 5.0% representative APRC.

Key Features

Advance

Minimum £25,000: Maximum £250,000

Loan to Value (LTV)

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

Term

Minimum 3 years: Maximum 35 years

Legal Fee Incentive             
For remortgages, a fees assisted legal service may be available. The Society will pay for the standard legal work involved when using this service. You will have to pay additional fees, such as fees to redeem your existing mortgage, transfer of title, or if surplus funds are being transferred on completion. You are free to take legal advice and instruct your own solicitors but this will be at your own cost.

Availability

This product is available to self-employed applicants who have been trading for less than 24 months and can only provide 1 year accounts prepared by a qualified accountant or can only provide 1 year HMRC SA302. This product is available for the purchase or re-mortgage of property in mainland England and Wales for the applicants own use.   All applications are subject to the Society’s lending criteria, property valuation and satisfactory status enquiries. This product is a limited edition and cannot 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