Mortgages from the Melton Updated 23 November 2018

Transcription

1 Mortgages from the Melton Updated 23 November 2018

2 MORTGAGES FROM THE MELTON Buying your first home, moving up the property ladder or building your dream home, we have a mortgage for you. This brochure gives a brief overview of products that may be suitable for you. Please contact one of our friendly mortgage advisors who will be able to give you all the information you need to make an informed decision, Call FIRST TIME BUYERS AND LOW DEPOSIT MORTGAGES DISCOUNTED Rate 2.79% 95% 2.79% variable (our SVR with a 2.20% 3 years 4.99% 4.6% APRC No fees 250 cashback on completion Rate 2.59% 90% 2.59% variable (our SVR with a 2.40% 3 years 4.99% 4.5% APRC Option to switch to fixed rate, subject to availability Rate 2.29% 85% 2.29% variable (our SVR with a 2.70% 3 years 4.99% 4.5% APRC SHARED OWNERSHIP Rate 2.79% 95% 2.79% variable (our SVR with a 2.20% 3 years 4.99% 4.7% APRC No fees 3.59% Fixed Rate to 31 July % 3.59% Fixed Fixed until 31/7/ % 4.8% APRC No fees 3% until 31/7/19; 2% until 31/7/20; 1% until 31/7/ % Fixed Rate to 31 December % 3.99% Fixed Fixed until 31/12/ % 4.8% APRC No fees 5% until 31/12/19; 4% until 31/12/20; 3% until 31/12/21; 2% until 31/12/22; 1% until 31/12/23 Based on a 167,732 mortgage, secured by first charge on your main residential property, repaid on a repayment basis over a 35 year term: 36 monthly payments at a variable rate of 2.79%, ( ) 23, monthly payments at standard variable rate (currently 4.99%), ( ) 305,064. Valuation fee on property of 176,560 payable when Terms and conditions apply. Please ask a mortgage advisor for full product information. These products may be withdrawn without notice. you apply 240 (see scale). Telegraphic Transfer fee payable when you apply 25. Solicitors fees payable to your conveyancer (estimated) 360. Mortgage Discharge Fee payable at the end of your mortgage 150. Total Amount Payable 329, For further information please visit

3 HIGHER DEPOSIT MORTGAGES FIXED RATES 2.49% 3 Year Fixed Rate 2.85% Fixed Rate to 31 December % 3 Year Fixed Rate DISCOUNTED Short Term Finance SVR for Term Rate 1.99% Interest Only Over 55 s Rate 1.99% Rate 1.99% Rate 2.19% Offset Discounted Rate for Term 2.39% 2.49% fixed 3 year fixed 4.99% 4.2% APRC No fees 2.85% Fixed Fixed until 31/12/ % 3.9% APRC 90% 3.35% Fixed 3 year fixed 4.99% 4.8% APRC No fees 4.99% variable (our SVR for term) 1.99% variable (our SVR with a 3.00% Term Not applicable 6.1% APRC 3 years 4.99% 4.4% APRC 1.99% 3 years 4.99% 4.4% APRC SVR for Term 1.99% variable (our SVR with a 3.00% 2.19% variable (our SVR with a 2.80% 2.39% variable (our SVR with a 2. discount for term) 4.99% variable (our SVR for term) 3 years 4.99% 4.4% APRC No fees 3 years 4.99% 4.4% APRC No fees Term Not applicable 2.6% APRC Term Not applicable 5.3% APRC Based on a 145,000 mortgage, secured by first charge on your main residential property, repaid on an interest only basis over an 15 year term: 36 monthly payments at a variable rate of 1.99%, ( ) 8, monthly payments at standard variable rate (currently 4.99%), ( ) 86, Basic Valuation fee on property of 441,584, payable when you apply 410 (see scale). Application fee 99 Completion fee 1.5% of the loan amount Completion fee 599 5% until 31/12/19; 4% until 31/12/20; 3% until 31/12/21; 2% until 31/12/22; 1% until 31/12/23 n/a Assisted legals on standard purchase or remortgage (terms apply) Short term finance Minimum term 12 months imum term 5 years No ERCs Interest only and capital and interest repayment basis or a combination of the two Right to Buy purchase only up to 65% Interest only up to Assisted legals on standard purchase or remortgage (terms apply) Option to switch to a fixed rate product Capital and interest repayment basis Interest only and capital and interest repayment basis imum loan 200,000 Minimum age 55 years at application Remortgages only 250 cashback upon legal completion Interest only and capital and interest repayment basis or a combination of the two up to No valuation fee payable up to Remortgages only No product fees 250 cashback upon legal completion Free valuation up to a maximum property value of 500,000 Application fee payable when you apply 199. Completion fee payable at time of legal completion 199. Telegraphic Transfer fee payable when you apply 25. Mortgage Discharge Fee payable at the end of your mortgage 150. Solicitors fees payable to your conveyancer (estimated) 360. Loan amount payable at the end of the mortgage 145,000. Total Amount Payable 241,

4 FURTHER ADVANCES SVR for term 4.99% Term Not applicable 5.2% APRC SVR for term 4.99% Term Not applicable 5.9% APRC Term 2.39% Buy to Let Term 2.49% Buy to Let Term 3.29% Buy to Let Shared Ownership Rate 3.29% Self Build Rate 4.59% 2.39% variable (our SVR with a % variable (our 3.29% variable (our SVR with a 1.70% 2.49% variable (our 3.29% variable (our SVR with a 1.70% 4.59% variable (our SVR with a 0.40% Application fee 99 Completion fee 1.5% Term Not applicable 2.5% APRC Term Not applicable 2.6% APRC Term Not applicable 3.4% APRC 3 years 4.99% 4.3% APRC 3 years 4.99% 4.6% APRC 3 years 4.99% 5.1% APRC Based on a 49,140 mortgage, secured by first charge on your main residential property, repaid on a repayment basis over a 20 year term: 240 monthly payments at a variable rate of 2.39%, ( ) 61, n/a Short Term Finance Interest only up to Holiday Buy to Let Regulated product Non Regulated product Revaluation fee payable 100 Completion fee payable at time of legal completion 199. Revaluation fee payable 100. Total Amount Payable 62, Terms and conditions apply. Please ask a mortgage advisor for full product information. These products may be withdrawn without notice. For further information please visit

5 SELF BUILD & RENOVATION MORTGAGES Advance Self Build & Renovation Standard Self Build & Renovation Standard Self Build & Renovation 50% Family Assist Self Build Short Term Self build Eco Self Build 4.59% variable (our SVR with a 0.40% 3.49% variable (our SVR with a 1.50% 4.59% variable (our SVR with a 0.40% 4.59% variable (our SVR with a 0.40% 4.59% variable for term (our SVR with a 0.40% 4.09% variable (our SVR with a 0.90% Based on a 231,265 mortgage, secured by first charge on your main residential property, repaid on an interest only basis over a 25 year term: 36 monthly payments at a variable rate of 4.59%, ( ) 31, monthly payments at standard variable rate (currently 4.99%), ( ) 253, Valuation fee on property of 320,000, payable when you apply 495 (see scale). Application fee payable when you apply 500. of the loan amount payable at 3 years 4.99% 5.2% APRC 3 years 4.99% 4.9% APRC 3 years 4.99% 5.1% APRC 3 years 4.99% 5.1% APRC Term n/a 5.1% APRC 3 years 4.99% 5.0% APRC Higher Lending Charge payable Completion fee 1% of loan amount n/a Stage payments in advance Parental Deposit repaid as a final stage payment on completion of the build, subject to final end value being or lower. time of legal completion 1, Reinspection fee of 80 required for each stage release 320. Higher Lending Charge payable 1, Title Insurance fee payable at the start of the mortgage Telegraphic Transfer fee payable when you apply 100. Solicitors fees payable to your conveyancer (estimated) 360. Mortgage Discharge Fee payable at the end of your mortgage 150. Loan amount payable at the end or your mortgage 231,265. Total Amount Payable 522, Terms and conditions apply. Please ask a mortgage advisor for full product information. These products may be withdrawn without notice. For further information please visit

6 BUY TO LET MORTGAGES Consumer Buy to Let, Rate 2.19% Business Buy to Let Rate 2.19% 2.19% variable (our SVR with a 2.80% 2.19% variable (our SVR with a 2.80% 3 years 4.99% 4.5% APRC No fees 3 years 4.99% 4.5% APRC No fees Family Assist Student Buy to Let Term 2.99% Family Buy to Let Term 2.99% 2.99% variable (our SVR with a 2.00% 2.99% variable (our SVR with a 2.00% Term n/a 3.1% APRC No fees Term n/a 3.1% APRC No fees Minimum loan 100,000 imum loan 500,000 Holiday Buy to let Term 2.49% Term n/a 2.6% APRC Completion fee 599 Business Buy to Let Consumer Buy to Let, 3 years 4.99% 4.6% APRC Completion fee years 4.99% 4.6% APRC Completion fee 399 Remortgage only for (no additional borrowing) Business Buy to Let 3 years 4.99% 4.6% APRC Completion fee 399 Family Assist Student Buy to Let Term 3.29% Family Buy to Let, Term 3.29% 3.29% variable (our SVR with a 1.70% 3.29% variable (our SVR with a 1.70% Term n/a 3.4% APRC Term n/a 3.4% APRC Completion fee 399 Completion fee 399 Minimum loan 100,000 imum loan 500,000 IF YOU FAIL TO KEEP UP WITH PAYMENTS ON YOUR MORTGAGE A RECEIVER OF RENT MAY BE APPOINTED Based on a 120,000 mortgage, secured by first charge on your main residential property, repaid on an interest only basis over a 20 year term: 36 monthly payments at a variable rate of 2.49%, ( 249) 8, monthly payments at standard variable rate (currently 4.99%), ( 499) 101,796. Valuation fee on property of 261,000, payable when you apply 330 (see AND YOUR RENTAL PROPERTY, OR OTHER PROPERTY USED AS SECURITY, MAY BE REPOSSESSED scale). Completion fee payable at time of legal completion 399. Telegraphic Transfer fee payable when you apply 25. Solicitors fees payable to your conveyancer (estimated) 360. Mortgage Discharge Fee payable at the end of your mortgage 150. Loan amount payable at the end of your mortgage 120,000. Total Amount Payable 232,024.

7 Principal Office Mutual House, Leicester Road, Melton Mowbray, Leicestershire, LE13 0DB. Tel: Fax: Branch Offices 18 Nottingham Street, Melton Mowbray, Leicestershire, LE13 1NW. Tel: Fax: High Street, Grantham, Lincs, NG31 6NE. Tel: Fax: High Street, Oakham, Rutland, LE15 6AH. Tel: Fax: The Melton Mowbray Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 23 November 2018 MMBS41718