Fixed rate mortgages
Overview
A fixed rate mortgage gives you the comfort of knowing that your interest rate will be fixed for a period of time at the start of the mortgage term. At the end of the fixed rate period, the Society’s standard variable mortgage rate will be applied. This may be either higher or lower than the rate that applied during the fixed rate period. You should therefore, budget for the possibility of higher payments.
All you need to know about Fixed rate mortgages
Fixed for 5 years
| Initial Rate | Then changing for remaining term to | The overall cost for comparison is | |
|---|---|---|---|
| 6.38% | 7.35%, variable | 7.2% APR | Apply |
| Early repayment charge payable if you repay all of this mortgage within first 5 years | Reservation fee - £385 | LTV 90% | |||
Fixed for 10 years
| Initial Rate | Then changing for remaining term to | The overall cost for comparison is | |
|---|---|---|---|
| 6.18% | 7.35%, variable | 6.8% APR | Apply |
| Early repayment charge payable if you repay all of this mortgage within first 10 years | Reservation fee - £399 | LTV 75% | |||