2 Year Discount Interest Only Mortgage

Loan

-Arrangement fee (non-refundable) – must be paid at time of submitting mortgage application: £395

-Free property assessment where the price or value of the property is £1 million or less. Property assessment fee payable on prices or values of more than £1 million (non-refundable after property assessment carried out for the Society): see scale below

-Completion fee (non-refundable) – added to mortgage loan and deducted from mortgage advance on completion: £695

£50,000

-Available on properties in England and Wales
-Available for interest only mortgages only. An acceptable mortgage repayment vehicle must be in place.
-Minimum loan £50,000
-Minimum term 5 years
-Free standard administration fee for remortgages - see note below*
-Interest calculated on a daily basis
-No tied insurances
-Minimum age for applicants 23
-Portable up to the existing mortgage balance
-Tariff of charges during the life of any mortgage available on request
-For remortgages, the property must have been owned by the applicants for a minimum of twelve months