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First time buyer - 2 years fixed up to 500,000 GBP

For loans up to 95% of property value

Product nameFirst time buyer - 2 years fixed up to 500,000 GBP
Initial rate3.99%
Initial rate expires on
31st March 2020
Rate thereafterStandard Variable Rate, currently
Overall cost for comparison4.90% APRC
Arrangement fee
Option to add arrangement fees to mortgageYes (but be aware that if the total amount borrowed including fees exceeds the loan to value above, a higher interest rate will apply).
Legal and Valuation Fees

The valuation report is used to calculate how much we’ll lend you. This is separate from any valuation or survey of the property you might want to instruct for your own purposes. There are other homebuyers, home report or structural survey options available if you want to commission these.

Typically you will not have to pay a valuation fee if:
you are an existing mortgage customer who wishes to re-mortgage their current house with us.
you are a new mortgage customer who wants to switch the mortgage for their current home to us.

*Please note that if you are changing the terms of the original mortgage e.g. borrowing an additional amount, changing the duration of the mortgage or changing repayment terms, a valuation will be required and a fee will be payable where applicable.

EligibilityAvailable for first time buyer purchase only. Applicants must be aged 18 or over. All loans are subject to status. Security will be required
Maximum loan amount£500,000
Maximum loan to value95%
Minimum loan amount£80,000
Early repayment charge3% in year one
2% in year two
Special offers£0 arrangement fee
Special features

At the end of the discounted/fixed period you can make extra payments or repay your whole mortgage without penalty.