The Loughborough 3-year discount for remortgages offers a discount of 1.50 per cent for 3 years off the Society’s standard variable mortgage interest rate of 6.10 per cent.
The key features include;
- pay rate of 4.60% (variable)
- maximum LTV 75%
- minimum loan £50,000 and maximum loan £250,000
- free valuation for mortgage purposes
- free legal fees for remortgage purposes (through the Society’s appointed solicitors)
- no up front fee - £200 completion fee applies which may be added at completion up to 75% max
- 6 months free ASU cover (subject to eligibility)
- the product is portable
- early repayment charges of 6 months interest at the Society’s prevailing standard variable rate applies during the discount period only with no overhang
