Credit Flex – 2 Year Discount 6.04% variable (1.75% off Homeowner Variable Rate)
CFHD1 With effect from 02 September 2024
1.75% discount off the Society's Homeowner Variable Rate for 2 years. Will not go below a floor of 2.25%.
Maximum loan to value available:
The overall cost for comparison
Fee information
Representative Example
Standard Features
- Available on properties in England and Wales
- Available for house purchase or remortgages
- Additional borrowing is available for existing mortgages
- Interest Only Mortgages are available up to a maximum of 70% LTV provided a suitable repayment strategy such as equity within a second property owned by the applicants. Alternatively the sale of the applicants residential security will be considered up to a maximum of 60% LTV.
- Sale of applicants’ residential security will be considered in the specific circumstance of the LTV being 60% or lower and subject to a review of the credibility of downsizing in the local area
- Minimum loan £100,000 (existing members £50,000)
- Minimum term 5 years
- Normal maximum term 40 years, depending on age limits
- Interest calculated on a daily basis
- Applications accepted for advances on private dwelling houses of various types providing they are of Standard Construction
- No tied insurances
- Minimum age for applicants 18
- Portable up to the existing mortgage balance
- Tariff of charges during the life of any mortgage available on request
- For remortgages, the property must have been owned by the applicants for a minimum of 6 months
- Cashback for remortgages – £250 cashback paid to your nominated bank account within one month of the completion of your mortgage
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