HOW MUCH CAN YOU BORROW?

  • Up to 85% of the value of your property or the purchase price (subject to criteria)
  • Minimum loan £20,000

WHAT'S GREAT ABOUT THIS MORTGAGE?

  • Repayments stay the same for first three years
  • £200 cashback after completion (for purchases)
  • One free standard mortgage valuation
  • No standard legal fees if you're re-mortgaging using our nominated solicitors
  • Option to overpay or underpay (subject to terms and conditions)
  • Make capital repayments up to 10% of the loan or £10,000 a year (whichever is the lower) without charge

SOME THINGS YOU NEED TO KNOW

  • £795 product fee
  • Rate changes to our standard variable rate after three years
  • Early Repayment Charge if you repay in full within first three years or if you repay over 10% (or £10,000) in each year
  • No self-builds or conversions allowed

COULD BE IDEAL IF YOU…

  • Want to know where you stand with your repayments during the fixed rate period
Current Rates
Type Initial Rate Duration Changing for remaining term to SVR currently The overall cost for comparison is Product fee
Fixed 5.29% 3 years 5.35% 5.5% APR £795

HOW MUCH CAN YOU BORROW?

  • Up to 85% of our mortgage valuation of the property or the purchase price, whichever is lower

FIXED RATE MORTGAGE CAN MOVE WITH YOU

  • If you move home, your Fixed Rate Mortgage can go with you - assuming you meet our criteria at that time

FREE VALUATION

  • We'll arrange one free valuation of the property you want to buy to allow us to assess the adequacy of the property, and it won't cost you a thing. A Homebuyer's Report or a Building Survey can be done at the same time, if you like, at an extra cost. Ask for details when you apply

WHAT HAPPENS AT THE END OF THE 3 YEARS?

  • At the end of the fixed rate period your mortgage becomes a standard variable rate mortgage
  • If interest rates have risen you may need to budget for higher monthly payments

PAYMENT HOLIDAYS

  • You may need to skip a few payments. This is fine by us as long as you contact us on 0845 300 0522 to confirm you've already overpaid enough to cover the missing amounts. We'll ask you to fill in a form to set out exactly what you want to do and for how long

NO LEGAL FEES OR £200 CASHBACK

  • We'll pay your standard legal fees for re-mortgages when you use our nominated solicitors, or send you a cheque for £200 after completion for purchases

MINIMUM ADVANCE

  • The standard minimum advance is £20,000

OUR CHARGES

  • There is a product fee of £795 which will be added to your mortgage account on completion
  • If you arrange your buildings insurance with someone else, we charge a fee of £25 when your mortgage completes and each time you change insurer. If you arrange cover through the N&P group and later cancel, the £25 fee will also apply

EARLY REPAYMENT

  • You can pay off your mortgage early whenever you want, but you'll have to pay an early repayment charge if you repay all of your mortgage within the first three years or more than 10% of the loan or £10,000 (whichever is the lower figure) in each year

You can download our Guide to mortgage fees and charges (PDF).

YOUR HOME MAY BE REPOSSESSED IF YOU DO
NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE