Discount Rate Mortgage Products as at December 2016

Transcription

1 Fee-Paid Re-Mortgage Discount. Discount Mortgage Products as at December % Discount 5 Years / FP % 2% of the full or partial capital repaid after 3 years but within % Discount 3 Years / FP % Re-mortgage Only. 2.00% Discount 3 Years / RM % 1.7% Discount 3 Years / RM % 4.2% 80% 85% Valuation fee, up to 250, refunded at completion. See Note 1 (over) 3 Years / RM18 1.6% Discount 5 Years / DS % 2% of the full or partial capital repaid after 3 years but within % Discount 3 Years / DS % 2.0% Discount 3 Years / DM % 1.7% Discount 3 Years / DM % 4.2% 80% 85% 2.60% Discount 2 Years / DS % Max 750,000 1,495 on application 2 50% 1.00% Discount 3 Years / DM18 Please read Representative Example & over

2 First Time Buyer Parental Assistance 5 years / HD10 5 years / HD11 5 years / HD12 4.4% 4.4% 4.4% Max 360,000 Max 360,000 Max 360,000 2% of the full or partial capital repaid within 2 years of inception of loan 2% of the full or partial capital repaid within 2 years of inception of loan 2% of the full or partial capital repaid within 2 years of inception of loan Between - LTV additional security of collateral charge over cash deposit held under the Society s Helping Hand Share Account up to 15% of the purchased property s value. Between - LTV additional security of collateral charge over another property to cover 15% of the purchased property s value. Between - LTV additional security of collateral inter-charge over another property with an existing mortgage with the Society. Overpayments up to 10% per annum without See Note 2. A mortgage of 245,000 payable over 19 years initially on a discount of 1.7% for 3 years from our Standard Variable (SVR) which is currently 4.74%, giving a pay rate of 3.04% (variable) and then on our SVR of 4.74% for the remaining 16 years would require: 36 monthly payments of 1, and 192 monthly payments of 1, The total amount payable would be 359, made up of the loan amount plus interest ( 115,039.25) and the following fees: Product Fee 995, Electronic Transfer Fee of 30, Valuation Fee of 390 (variable fee) and a Deeds Release Fee of 149. The overall cost for comparison is representative. a. SVR this is the Holmesdale Building Society s Standard Variable, currently 4.74% equivalent to 4.9% (Annual Percentage of Charge). b. CCJs/Arrears may be considered, subject to certain criteria being met please refer for individual assessment. c. References to be taken up on all applications. d. Total loan amount is based on affordability and not income multiples; contact the Society for a personalised quote. e. The Society must have first charge over mortgaged property. f. Minimum age 18 years. 1. Re-mortgage only: legal fee paid when applicant uses Society s Conveyancer, Enact Conveyancing Ltd. 2. At least one of the purchasers must be a genuine First-Time Buyer. Unless otherwise stated, Procuration Fee of 0.35% is payable up to a maximum of 2,500.00, and is repayable to the Society if full or partial redemption is made within 12 months of mortgage completion. Products RM16, RM17, RM18, DM16, DM17, DM18: procuration fee of 0.35% payable up to a maximum of and repayable to the Society if full or partial redemption is made within 12 months of mortgage completion. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority our Firm Reference Number is Dec

3 Fixed Fixed Mortgage Products as at December % Fixed 1 Year / FH06 Max 250, on application 1 year of inception of loan Re-mortgage Only. See Note % Fixed 1 Year / FF06 4.7% Max 250, on application 1 year of inception of loan A mortgage of payable over 15 years initially on a fixed rate of 2.79% for 1 year and then on our Standard Variable (SVR) which is currently 4.74% for the remaining 14 years would require 12 monthly payments of 1, followed by 168 monthly payments of 1, The total amount payable would be 311, made up of the loan amount plus interest ( 86,588.97) and the following fees: Product Fee 795, Electronic Transfer Fee of 30, Valuation Fee of 390 (variable fee) and a Deeds Release Fee of 149. The overall cost for comparison is representative. g. SVR this is the Holmesdale Building Society s Standard Variable, currently 4.74% equivalent to 4.9% (Annual Percentage of Charge). h. CCJs/Arrears may be considered, subject to certain criteria being met please refer for individual assessment. i. References to be taken up on all applications. j. Total loan amount is based on affordability and not income multiples; contact the Society for a personalised quote. k. The Society must have first charge over mortgaged property. l. Minimum age 18 years. 3. Legal fee paid when applicant uses Society s Conveyancer, Enact Conveyancing Ltd. Products FH05 & FF05: procuration fee of 0.35% is payable up to a maximum of and repayable to the Society if full or partial redemption is made within 12 months of mortgage completion. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority our Firm Reference Number is Dec 2016

4 Standard Variable Mortgage Products as at December 2016 Standard Variable SVR / MS % 4.9%. None Shared Ownership Interest rate as per product chosen. Choose from SVR and Discounted Products above product s terms apply. Maximum Loan to Value of share. The minimum share to be purchased initially is 25% with a stair-case clause. In the case of a re-mortgage, if there is an element of debt consolidation, the Housing Association is required to forward a letter agreeing to the postponement of its charge. A mortgage of 250,000 payable over 18 years on our Standard Variable (SVR) which is currently 4.74% (variable) would require 216 monthly payments of 1, The total amount payable would be 373, made up of the loan amount plus interest ( 124,057.12) and the following fees: Product Fee 495 Electronic Transfer Fee of 30, Valuation Fee of 390 (variable fee) and a Deeds Release Fee of 149. The overall cost for comparison is 4.9% representative. m. SVR this is the Holmesdale Building Society s Standard Variable, currently 4.74% equivalent to 4.9% (Annual Percentage of Charge). n. CCJs/Arrears may be considered, subject to certain criteria being met please refer for individual assessment. o. References to be taken up on all applications. p. Total loan amount is based on affordability and not income multiples; contact the Society for a personalised quote. q. The Society must have first charge over mortgaged property. r. Minimum age 18 years. Unless otherwise stated, Procuration Fee of 0.35% is payable up to a maximum of 2,500.00, and is repayable to the Society if full or partial redemption is made within 12 months of mortgage completion. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority our Firm Reference Number is Dec 2016

5 Self-Build Self Build Mortgage Products as at November 2016 SVR Plus 0.5% for 2 years / SB % SVR 2 years / SB % 5.0% 5.0% Max 750,000 Max 750,000. Product Fee 1,500 payable at completion (1 st Stage Release) % during build, 70% of value at completion 60% during build, 70% of value at completion Monies released in stages: Damp Proof, Walls, Roofed In, 1 st Fix, 2 nd Fix. Revaluation at each stage. Monies released in stages: Damp Proof, Walls, Roofed In, 1 st Fix, 2 nd Fix. Revaluation at each stage. A mortgage of 235,000 payable over 23 years initially on our Standard Variable (SVR) which is currently 4.74%, plus a loading of 0.50%, giving a pay rate of 5.24% (variable) for 2 years and then on our SVR of 4.74% for the remaining 21 years would require: 1 monthly payment of 2, followed by 22 monthly payments of 1, and 252 monthly payments of 1, The total amount payable would be 397, made up of the loan amount plus interest ( 161,088.63) and the following fees: Product Fee 495, Electronic Transfer Fee of 30, Valuation Fee of 390 (variable fee) and a Deeds Release Fee of 149. The overall cost for comparison is 5.0% representative. s. SVR this is the Holmesdale Building Society s Standard Variable, currently 4.74% equivalent to 5.0% (Annual Percentage of Charge). t. CCJs/Arrears may be considered, subject to certain criteria being met please refer for individual assessment. u. References to be taken up on all applications. v. Total loan amount is based on affordability and not income multiples; contact the Society for a personalised quote. w. The Society must have first charge over mortgaged property. x. Minimum age 18 years. Unless otherwise stated, Procuration Fee of 0.35% is payable up to a maximum of 2,500.00, and is repayable to the Society if full or partial redemption is made within 12 months of mortgage completion. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority our Firm Reference Number is Nov 2016

6 Discount Shared Ownership Mortgage Products as at August % Discount 2 Years / SO % 1.70% Discount 3 Years / DM % 2.0% Discount 3 Years / DM % 2.45% Discount 3 Years / DS % 4.2% 250 on application 500 on completion % 80% A mortgage of 100,000 payable over 25 years initially on a discount of 1.50% for 2 years from our Standard Variable (SVR) which is currently 4.74% (variable), giving a pay rate of 3.24% (variable) and then on our SVR of 4.74% for the remaining 23 years would require 24 monthly payments of and 276 monthly payments of The total amount payable would be 168, made up of the loan amount plus interest ( 68,417.04) and the following fees: Arrangement fee of 500 which can be added to the loan, Product Fee 250, Electronic Transfer Fee of 30, Valuation Fee of 390 (variable fee) and a Deeds Release Fee of 149. The overall cost for comparison is representative. 3.50% Fixed 1 Year / SO %d 4.8% 250 on application 500 on completion 1 year of inception of loan A mortgage of 100,000 payable over 25 years initially on a fixed rate of 3.50% for 1 year and then on our Standard Variable (SVR) which is currently 4.74% (variable), for the remaining 24 years would require 12 monthly payments of and 288 monthly payments of The total amount payable would be 171, made up of the loan amount plus interest ( 70,519.44) and the following fees: Arrangement fee of 500 which can be added to the loan, Product Fee 250, Electronic Transfer Fee of 30, Valuation Fee of 390 (variable fee) and a Deeds Release Fee of 149. The overall cost for comparison is 4.8% representative. Please read over

7 y. SVR this is the Holmesdale Building Society s Standard Variable, currently 4.74% equivalent to 4.9% (Annual Percentage of Charge). z. CCJs/Arrears may be considered, subject to certain criteria being met please refer for individual assessment. aa. References to be taken up on all applications. bb. Total loan amount is based on affordability and not income multiples; contact the Society for a personalised quote. cc. The Society must have first charge over mortgaged property. dd. Minimum age 18 years. 4. Re-mortgage only: legal fee paid when applicant uses Society s Conveyancer, Enact Conveyancing Ltd. 5. At least one of the purchasers must be a genuine First-Time Buyer. Unless otherwise stated, Procuration Fee of 0.35% is payable up to a maximum of 2,500.00, and is repayable to the Society if full or partial redemption is made within 12 months of mortgage completion. Products SO01, DM17, DM16, SO02: procuration fee of 0.35% payable up to a maximum of and repayable to the Society if full or partial redemption is made within 12 months of mortgage completion. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority our Firm Reference Number is Aug