3 Year Discount Mortgage (up to 95% LTV) - D094

Mortgage Loan

-This mortgage offers lower monthly payments during the first 3 years, which is particularly helpful at a time of high expenditure such as a house move. The rate of interest is variable, however it is reduced for a specified period.

-The discount given remains the same throughout the discount period. The interest charged will be at our Standard Variable Rate less the amount of the discount. At the end of the discount period, interest will revert to our Standard Variable Rate for the remainder of the life of the mortgage.

-Also this product allows you to make lump sum and regular overpayments without an Early Repayment Charge, enabling you to reduce your mortgage loan quicker.

-For house purchase, the maximum Loan to Value is the amount of a mortgage loan expressed as a percentage of the purchase price or valuation, whichever is the lower.
-*Our local geographical area is defined as postcode areas: NP, CF, SA, LD, WR, GL, HR and BS.
-If you move house during the discounted period you are unable to transfer these product terms to another mortgage.
-Our house purchase products are available to both new and existing borrowers who are looking to move house.
-For loans greater than £175,000 please contact us.
-Mortgage interest is calculated on a daily basis.
-Loans available to persons aged 18 or over and are subject to status and valuation of a suitable property, over which security will be required. All lending will be subject to appraisal of the financial standing of the applicants.