3.79% 2 Year Fixed - £999 Arrangement Fee

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3.79% 2 Year Fixed - £999 Arrangement Fee

Product information

  • This mortgage is available for House Purchase only.
  • 3.79% fixed for the first 2 years changing to our variable Standard Mortgage Rate for the rest of the mortgage term, currently 3.99%. The Standard Mortgage Rate has no upper limit or cap.

  • The overall cost for comparison is 4.0% APR.

  • Minimum deposit of 30%. The deposit is calculated as a percentage of the purchase price or valuation (for mortgage purposes), whichever is the lower.
  • Arrangement fee of £999.00 will be added to the loan on completion and will increase the total amount to be repaid. Interest will also be added to the fee.
  • A valuation fee will be charged in accordance with the valuation fee scale.  This fee will be paid on application.
  • In the event of the mortgage being repaid, in full or in part, during the fixed rate period, an early repayment charge applies of 3% in the 1st year, 2% in the 2nd year. The charge will be made on the original loan amount or, in the case of part repayment, the amount of capital repaid.
  • This product information should be read along with our Guide to Mortgages and Mortgage Fees & Charges.
  • This product is portable. If you take out this mortgage, and then move house and we are able to offer you the new loan, you can keep the mortgage product and not pay an early repayment charge if you transfer the balance and the terms of the product to the new loan for the remainder of the period where the early repayment charge applies.
    If the redemption of the existing loan and completion of the new loan did not take place simultaneously, you would need to pay the early repayment charge. This would then be refunded on completion of the new loan, provided completion took place within 6 months of redemption of the existing loan.
  • Please note that any mortgage products reserved on or before 14th June 2009 will revert to the Standard Variable Rate (SVR).  If you choose to switch to a new Cheshire mortgage product, the new product will revert onto our Standard Mortgage Rate (SMR).  Both are variable rates which we may vary in accordance with our mortgage terms and conditions.  However, the SVR is guaranteed to be no more than 2% above the Bank of England base rate, whilst the SMR has no upper limit or cap.  If you choose to switch to a new product, it is not possible to switch back to the SVR at a later date.

Product Details Summary

  • Daily Interest
    All Cheshire products have interest calculated daily.

  • Home Insurance
     With our home insurance, you can tailor the cover to suit your needs. There is no compulsory insurance however an acceptable buildings policy must be in place on or before completion.

  • Mortgage Payment Protection Insurance
    Our optional mortgage payment protection insurance cover is available and the cover is designed to meet your mortgage payments in the event that you are unable to work as a result of accident, sickness and unemployment.

  • Advance Level
    House Purchase minimum advance £25,001.

    First Time Buyer minimum advance £30,000.

    Maximum is £750,000.
    Not available for remortgages or further loans.

  • Can be mixed with Existing Tenants Scheme.
  • Applicants for the Existing Tenants Scheme will be contacted by a mortgage advisor.

Flexible Features

  • Payment Holidays
    Regular underpayments and lump sum withdrawals (minimum £500, maximum £25,000 per transaction) allowed against accrued overpayments only. 7 working days written notification is required.

  • Overpayments
    Up to £5,000 of overpayments are permitted on the mortgage in the 12 month period commencing on the mortgage completion date, and in each anniversary year thereafter, where early repayment charges apply. Afterwards, unlimited overpayments can be made for the remaining years without having to pay an early repayment charge.
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Products are subject to availability and may be withdrawn, or subject to change by the Society without notice.