Retention – Term Discount 5.64% variable (2.15% off Homeowner Variable Rate)
TDO13 With effect from 02 September 2024
Initial Interest Rate
2.15% discount off the Society's Homeowner Variable Rate for the term of the mortgage. Will not go below a floor of 2.25%.
5.64%
variable
Max Loan to Value (LTV)
Maximum loan to value available:
95%
Product Fees
Application fee
Free
Completion fee
Free
Free
Overall Cost for Comparison
The overall cost for comparison
5.8% APRC representative
Fee information
Application fee
Free
Completion fee
Free
Valuation fee
Not applicable
Early repayment charge
During year 1: 2% of the amount repaid early plus fees During year 2: 1% of the amount repaid early plus fees
This charge is calculated as a percentage of the amount repaid early, excluding any arrears of interest, or other charges. The early repayment charge is payable if you repay any amount in excess of 10% of the mortgage balance in any one year.
Overpayments
Overpayments of up to 10% per year may be made without incurring the early repayment charge.
Mortgage exit admin fee
£125 (non-refundable)
Representative Example
A Mortgage of
A mortgage of £231,900
Payable term
Payable over 26 years
Initial rate and term
On a discounted variable rate of 5.64% payable over 26 years
Followed by
N/A
Monthly payments
312 monthly payments of £1,418.35
Total amount payable
The total amount payable would be £442,650.20 made up of the loan amount plus interest (£210,625.20) plus the fees below
Arrangement fee
Free
Mortgage exit administration fee
£125 (non-refundable)
Valuation fee
Free
Cost for comparison
5.8% APRC representative
Standard Features
- Available on properties in England and Wales
- Additional borrowing is available for existing mortgages
- Interest calculated on a daily basis
- Portable up to the existing mortgage balance
- Tariff of charges during the life of any mortgage available on request
![](https://www.hrbs.co.uk/wp-content/themes/hinckley-and-rugby/resources/images/faded-background.png)
Ready to proceed with this product?
To inform us that you’d like to take this offer or to view your other personalised offers, click here to return to your switching portal.