The interest rate will be fixed for a set period at the start of your mortgage. A fixed rate mortgage could be an appropriate choice if you want to be certain that your monthly repayments are going to stay put for a fixed period. The standard minimum advance is £20,000 (unless stated otherwise).
All you need to know about Fixed rate mortgages
| Initial Rate | Then changing for remaining term to | The overall cost for comparison is |
|---|---|---|
| 5.84% | 7.05%, variable | 7.0% APR |
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Valuation fee paid by customer | Reservation fee £695 | Early Repayment Charge if you repay all of this mortgage within the first 3 years | LTV 85% | Contact Centre only |
0845 300 2522 |
10% penalty-free capital repayment per annum facility available (subject to £10,000 maximum)
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE