2 Year Variable Rate Discount Remortgage
Remortgage only
| Initial rate | 6.39% A discount of 0.85% off our standard variable rate for the first two years | |
|---|---|---|
| The rate will then revert to our standard variable rate for the remainder of the mortgage term, currently | 7.24% | |
| The overall cost for comparison | 7.3% APR | |
| Arrangement fee | £995 | |
| Legal fees | Click here for additional information on legal fees | |
| Loan to value ratio | 90% | |
| Higher lending charge | Applies if the price or valuation of your property (whichever is lower) is over 90% of the loan amount | |
| Valuation fee | No valuation fee | |
| Early repayment charge | 3% of the amount repaid for the first 2 years | |
Your home may be repossessed if you do not keep up repayments on your mortgage
All mortgage pages must be read in conjunction with the important information (mortgages) page.
Notes- The discount rate may be withdrawn if you are more than three months late in paying any money due under the terms of the mortgage.
- If we agree to you letting the property, the discount rate will be withdrawn and we will charge interest at our standard variable rate plus an additional 0.25%.
- Not available to existing Chelsea borrowers.
- Where the price or value of the property is greater than £250,000 the maximum advance may be restricted. Further details are available from your local branch or by calling us on 0800 345 7744.
- Applicants must be aged 18 years or over.
