To qualify for one of our CARE products, one of the applicants is to be working for either the NHS, Police, Fire, Ambulance or Air Rescue Services.
This CARE product is available for properties across all of England and Wales.
To qualify for one of our CARE products, one of the applicants is to be working for either the NHS, Police, Fire, Ambulance or Air Rescue Services.
This CARE product is available for properties across all of England and Wales.
A mortgage of £145,070 payable over 32 years initially on a fixed rate of 3.79% until 31/05/2025 and then on our Standard Variable Rate, currently 5.39% for the remaining period, would require 36 payments of £652.61 followed by 348 payments of £782.96.
The total amount payable would be £297,546.04 made up of the loan amount plus interest (£150,894.04) plus initial product fee of £999, valuation fee of £310, legal fees to your solicitor of £148, fees transfer fund £25 and exit fee of £100.
The overall cost for comparison is 5.2% APRC representative.
Other charges may be made in respect of mortgage services. See our Fees Guide for details.
This product accepts our standard credit criteria click here for details
The Society will purchase a Higher Lending insurance to provide additional security where the amount of the loan exceeds 80% of the valuation of the property.
Early Repayment Charges as detailed below are payable on any lump sum or full redemption repaid over 10% of the capital balance.
During the early repayment charge period lump sum overpayments up to 10% of the capital balance per annum may be made without attracting an early repayment charge. Should the total of lump sum overpayments exceed 10% within this period, the excess will attract an early repayment charge.
You can check affordability through our calculator where we assess on affordability as an alternative to income multiples. Please note we will fully review bank statements and expenditure during the underwriting process. Click here to find out more
This mortgage is available on a capital and interest repayment basis or up to 60% LTV on interest only with a suitable repayment vehicle. Payments must be made monthly by direct debit.
The minimum age is 18 for all applicants. There is no maximum age. Earned income considered up to age 75. Cases are considered on individual circumstances.
Minimum loan size £25,000
Maximum loan size £500,000 up to 90% loan to value / £1,000,000 up to 80% loan to value
The maximum mortgage term is 40 years dependent on individual circumstances.
This product is portable, meaning that if the applicant moves home they can take it with them, subject to our lending criteria at the time.
Interest is calculated daily on the balance outstanding and added to the account the following month.
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If you are an existing customer and would like to discuss your current mortgage please call our team on 01494 879500.
In order to apply for one of our mortgages you need to contact a mortgage broker. Mortgage Advice Bureau works with us to provide our customers with expert mortgage and protection advice. To find out more visit Mortgage Advice Bureau