Discounted Variable Rate Mortgage 3.49%

For the first 3 years of your mortgage your rate will be....

1.80% below the Society's Standard Variable Rate

Currently this means your initial rate will be...

3.49%

For the remainder of your mortgage term your rate will be...

The Society's Standard Variable Interest Rate.

Currently this means your rate will be...

The interest rate will be variable throughout your mortgage term.

The overall cost for comparison is...

The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

If you repay the loan in full during the first 3 years of the mortgage an early repayment charge, equivalent to 3% of the loan amount, will apply.
If you overpay by more than 10% of the loan amount in any rolling 12 month period during the first 3 years of the mortgage an early repayment charge, equivalent to 3% of the total amount overpaid, will apply.

For remortgages: your basic legal fees will be paid by the Society, where our nominated solicitor is used, and the cost of a basic valuation will be refunded on completion of the mortgage. (See Notes 3 & 4 below).
If you are an existing Society member you will receive a £250 contribution to legal fees if you are moving home.
Interest is charged on a monthly basis.
Regular monthly overpayments of up to £250 can be made without charge.
Total overpayments of up to 10% of the loan amount in any rolling 12 month period can be made without charge.
Previous overpayments can be borrowed back as required without charge.
Underpayments & Payment Holidays are permitted, subject to sufficient credit.

The maximum loan available for house purchase is:
(i) 80% of purchase price or valuation (whichever is lower), if the loan amount does not exceed £350,000; or
(ii) 70% of purchase price or valuation (whichever is lower), if the loan amount is more than £350,000 but does not exceed £500,000
For remortgages the minimum loan is £30,000.
Free Basic Legal Fees: The solicitor we choose will act solely for the Society in the transfer of the mortgage and any additional legal services or advice you may require will be at your own expense. If you wish to use your own solicitor instead (or if the property is outside Scotland) the Society will contribute £150 towards your legal costs.
Basic Valuation Fee Refund: The Society will refund the cost of a basic valuation report, in accordance with the Society's own scale of fees, on completion of the mortgage. Any additional cost in excess of the scale fee will be at your own
expense.
This product is only available in respect of properties used for owner-occupied residential use.
All mortgages are subject to satisfactory status and conditions and borrowers must be aged 18 or over.
Your property will be used as security for the loan.
This product is subject to availability and may be withdrawn at any time without notice.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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