2 year discounted variable rate
For loans up to 80% of the value of your home.
| Mortgage name | 2 Year Discounted Standard Variable Rate (SVR minus 2.81%) CI1010 |
| Max loan to value | 80% |
| Initial rate | 1.74% |
| Until | |
| Variable rate thereafter, currently | 4.55% |
| The overall cost for comparison is | 4.3% APRC |
| Product fee | £499 for existing mortgage customers £999 for new mortgage customers |
| Option to add legal fees to mortgage | Yes |
| Legal fees |
You’ll normally instruct a solicitor to act on your behalf in connection with your transaction. You may be required to pay legal fees and costs as part of their work on your behalf. These fees/costs are normally charged by the solicitor directly to you, unless we tell you that we’ll contribute to the legal costs as part of your product deal. Typically you will not need to pay legal fees if:
|
| Valuation fee |
New lending only available to Private customers. |
| Special features |
At the end of the discounted period you can make extra payments or repay your whole mortgage without penalty |
| Early repayment charge | Applies for the first two years 3% in year 1 2% in year 2 |
| Eligibility | Applicants must be aged 18 or over. All loans are subject to status. Security will be required. |
Your home may be repossessed if you do not keep up repayments on your mortgage
Work out your monthly repayment for this mortgage
During the initial period, your estimated monthly repayments would be: £ until
Thereafter, the rate would revert to our variable rate, currently 4.55%, which equates to a monthly payment of £
The overall cost for comparison is:
% APRC
Our mortgage calculator gives you an indication of monthly mortgage repayments. If you'd like to discuss your individual circumstances or obtain a personalised illustration, please contact us.
Book a mortgage appointmentNext steps
You can switch to this mortgage online if:
- You don't want to change your borrowing amount.
- You want to keep the same term.
- You don't want to add or remove any parties to or from the mortgage.
- You don't want to change the repayment method.
- You still use the property in the same way eg. it's still your main home.
- You can still meet your mortgage repayments.
- The mortgage term does not run beyond when you expect to retire from work.
- You do not rely on any of the following to make your mortgage payments and/or (in the case of interest only mortgages) to repay the balance that will remain outstanding at the end of the term:
- income received in a currency other than pounds sterling; or
- assets held in a currency other than pounds sterling (including non-UK property or land)?
Please note to switch online you will need your mortgage account number. You can find this on your mortgage statement or other mortgage related letters.
I confirm I have read the above information and I am happy that I can continue.
Click to confirmOr if you would like to speak to one of our mortgage advisors, you can give us a call on 0800 111 4356 (we're open 8am - 8pm Monday to Friday, 9am - 5pm Saturday and 10am - 4pm Sunday) or:
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