HomeGreen – 2 Year Discount 5.05% variable (2.49% off Homeowner Variable Rate) (GO2YRD80)

Green – 2 Year Discount 5.05% variable (2.49% off Homeowner Variable Rate)

GOD11 With effect from 04 December 2024

Initial Interest Rate
i

2.49% discount off the Society's Homeowner Variable Rate for 2 years. Will not go below a floor of 2.25%.

5.05% variable
Max Loan to Value (LTV)
i

Maximum loan to value available:

80%
Product Fees
i
Application fee
Free
Completion fee
Free
Free
Overall Cost for Comparison
i

The overall cost for comparison

7.1% APRC representative

Please note your home may be repossessed if you do not keep up repayments on your mortgage

Monthly repayments calculator

Whether you’re looking for residential or buy-to-let products, use our helpful calculators to pre-determine the likely status of your application.

Fee information

Application fee
Free
Completion fee
Free
Valuation fee
Free where the price or value of the property is £1million or less.
Fees reference table
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
Free

Representative Example

A Mortgage of
A mortgage of £40,000
Payable term
Payable over 18 years
Initial rate and term
Initially on a discounted variable rate for 2 years of 5.05%
Followed by
Our Homeowner Variable Rate of 7.54% for the remaining 16 years
Monthly payments
24 payments of £282.29 followed by 192 payments of £333.47
Total amount payable
The total amount payable would be £70,801.20 made up of the loan amount plus interest (£30,801.20)
Arrangement fee
Free
Mortgage exit administration fee
Free
Valuation fee
Free
Cost for comparison
7.1% APRC representative

Standard Features

  • Available on properties in England and Wales
  • Minimum Loan Amount £20,000, Maximum Loan £100,000
  • 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 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 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
  • Available for Additional Borrowing for existing members only
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