FQL71

5.61% Fixed to 28.02.27

Current rate

5.61%

Max LTV

95%

Application fee

£0

Product fee

£0

Summary

Term

Initial rate

5.61%
5.61% Fixed Rate until 28.02.27

Followed by

7.24%
7.24% Variable for remainder of term

Overall cost

APRC

7.1%

Fees / Incentives

  • Application Fee: None.
  • Product Fee: None.
  • Mortgage Exit Fee: £125

Early repayment charges

2.50% of the balance repaid until 28.02.26, then 2.00% of the balance repaid until 28.02.27

You can repay up to 10% of the capital p.a. without an early repayment charge

Max Loan to Value

LTV

95%

Interest charged frequency

Interest charged

Daily

Product Information

Fixed rates offer security - the interest rate on the mortgage won't change for an initial period, so the monthly payments will remain the same during this time regardless of whether interest rates rise or fall.

Purchases are restricted to a maximum loan size of £400,000 at a 95% loan to value.

Portability

This product is portable and can be transferred from the existing property to a new property.

Mortgage Exit Fee

If the mortgage is paid off before the end of the agreed term, a £125 mortgage exit fee will be payable, plus any applicable early repayment charges.

Application and Valuation Fees

Application and valuation fees (where applicable) are payable on application, and are non-refundable. The application will not be processed until these fees are received. This means the product is not reserved and a valuation will not be instructed.

Additional notes

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