Key Features

• 4.19% interest rate
• 4.3% APRC overall cost for comparison
• £0 application fee
• 95% maximum loan-to-value

Representative example: A mortgage of £80,600 payable over 30 years on a variable rate, currently 4.19%, would require one monthly payment of £460.28 and 359 monthly payments of £394.23. The total amount payable would be £141,988.85 made up of the loan amount (£80,600) plus interest (£61,048.85) and a valuation fee of £340 (assuming a purchase price of £125,000).

The overall cost for comparison is 4.3% APRC representative.

APRC (Overall Percentage Rate of Change) shows you, as a percentage, the annual cost of a secured loan or mortgage. It brings together all charges (such as fees and other costs), calculated as if you kept your secured loan or mortgage for the full term without changing it.

Eligibility

• Borrow up to 95% of the property’s value or purchase price (whichever is the lower) of the share being purchased.
• We’ll consider lending up to five and a half times joint or sole income subject to loan to value and an affordability assessment.
• Maximum loan size is £750,000.
• Available for properties with an Energy Performance Certificate rating of B or above.
• A maximum mortgage term of 35 years is available, subject to eligibility.
• Mortgages are available on a repayment basis only.
• This product is not eligible for our C-Change discount.
• Borrowers must be UK residents aged 18+.

Fees and charges

• No application fee.
• A mortgage valuation fee is payable.
• An early repayment charge is payable in the first two years. If you repay in part or in full, you’ll be charged 2% of what you still owe in year one and 1% in year two.