Mortgage product
3 Year Discount - Existing Borrower
| A variable interest rate for the first 3 years, currently: | |
3.29% |
|
| changing to our SVR, for the remainder of the mortgage, currently: | |
4.45% | |
| The overall cost for comparison is: | |
4.2% | APR |
Rates shown above are based on an LTV of 75%. The actual rate available will depend on your circumstances. Ask for a personalised illustration. | |
Availability
Available for existing borrowers with a mortgage of £150,000+ to transfer their existing mortgage into. For further details please read the Availability section below.
How much can you borrow?
Find out with our online mortgage calculator
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| Maximum loan to value | 75% |
|---|---|
| Initial interest rate | 3.29% |
| Standard variable rate (SVR) | Newbury Building Society's current SVR is 4.45% (overall cost for comparison is 4.5% APR). Mortgage interest is charged on a daily basis |
| Offer | Our SVR with a 1.16% discount for the first 3 years, changing to our SVR for the remainder of the mortgage. |
| The overall cost for comparison is: | 4.2% APR |
| Incentives |
|
| Loan size | £150,000 (Min) - £1,000,000 (Max) |
| Is an Early Repayment Charge (ERC) payable? |
|
| Application fee | No fee for existing borrowers transferring to this product with no extra borrowing. £100 fee if extra borrowing is required. |
| Standard mortgage valuation fee | N/A |
| Higher Lending Charge | N/A |
| Portable | Yes |
Availability
The property must be located in England or Wales. Available for existing borrowers to transfer their existing mortgage into, subject to payment of any ERCs that apply on their current mortgage and for existing borrowers moving house. Further advances also available on this product. The mortgage term must be between 5 and 30 years.
Standard Mortgage Valuation Fee
If an existing borrower is moving house you will have to pay a Standard Mortgage Valuation fee (see our Mortgages explained PDF for details).
Maximum loan to value
Loan to Value (LTV) is the proportion of the value or price of the property (whichever is the lower) that you borrow on a mortgage. For example, a £75,000 mortgage on a house valued at £100,000 would mean a LTV of 75%.
All loans over 70% must be on a capital and interest repayment basis.
Application fees
Application fees can be added to the mortgage and are refundable if the mortgage does not take place. If you add the application fee to your mortgage, this increases the amount you borrow and will also increase your monthly payments.
Portability
All our mortgages are portable, which means that if you move house within an early repayment charge period the product can be transferred to your new mortgage, up to the value of the product outstanding at redemption, without charge. If the loan amount on your new mortgage is lower, there may be a charge based on the difference between the old and the new loan amount. A higher lending charge may be applicable for the new mortgage.
Other charges
A Mortgage Exit Administration Fee (MEAF) applies when you repay your mortgage. Please see our Tariff of charges PDF and your Key Facts Illustration (KFI) for details. Charges applying to the ongoing administration of your mortgage are detailed in our Tariff of charges PDF, which you will be given before your mortgage completes.
WE HAVE NO CURRENT PLANS TO WITHDRAW THIS PRODUCT BUT IT MAY BE WITHDRAWN WITHOUT NOTICE
YOUR HOME MAY REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The property must be located in England or Wales. Available for existing borrowers to transfer their existing mortgage into, subject to payment of any ERCs that apply on their current mortgage and for existing borrowers moving house. Further advances also available on this product. The mortgage term must be between 5 and 30 years.
Standard Mortgage Valuation Fee
If an existing borrower is moving house you will have to pay a Standard Mortgage Valuation fee (see our Mortgages explained PDF for details).
Maximum loan to value
Loan to Value (LTV) is the proportion of the value or price of the property (whichever is the lower) that you borrow on a mortgage. For example, a £75,000 mortgage on a house valued at £100,000 would mean a LTV of 75%.
All loans over 70% must be on a capital and interest repayment basis.
Application fees
Application fees can be added to the mortgage and are refundable if the mortgage does not take place. If you add the application fee to your mortgage, this increases the amount you borrow and will also increase your monthly payments.
Portability
All our mortgages are portable, which means that if you move house within an early repayment charge period the product can be transferred to your new mortgage, up to the value of the product outstanding at redemption, without charge. If the loan amount on your new mortgage is lower, there may be a charge based on the difference between the old and the new loan amount. A higher lending charge may be applicable for the new mortgage.
Other charges
A Mortgage Exit Administration Fee (MEAF) applies when you repay your mortgage. Please see our Tariff of charges PDF and your Key Facts Illustration (KFI) for details. Charges applying to the ongoing administration of your mortgage are detailed in our Tariff of charges PDF, which you will be given before your mortgage completes.
WE HAVE NO CURRENT PLANS TO WITHDRAW THIS PRODUCT BUT IT MAY BE WITHDRAWN WITHOUT NOTICE
YOUR HOME MAY REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
