Terms and Conditions

This example is based on a purchase price of £179,995. Monthly costs based on a repayment mortgage of £161,996, £9,000 deposit contribution from buyer and builders deposit contribution of £8,999.

Lender's fixed rate of 3.34% until 31/07/2027, reverting to the lender's variable rate for the remainder of the term, currently 5.50%. The overall cost for comparison is 4.99% APRC.  Interest rates correct as at 13/06/2022, source Trigold. Calculated over 40 years the monthly cost on 3.34% is £612.11 for 60 monthly payments and then 5.50% variable, £813.49 for 420 monthly payments .  The total amount payable would be £379,728. This mortgage has an arrangement fee of £995 and a valuation fee of £240 payable on application to the lender. Early repayment charges apply to the end of the incentive period. Terms, conditions, and eligibility criteria apply. The actual rate will depend upon your circumstances. Payments are indicative and full mortgage advice should be sought. Loans are subject to availability and subject to status. This firm does not charge a fee for mortgage advice YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Gail Reid Mortgage Services Ltd is an appointed representative of PRIMIS Mortgage Network Ltd which is a trading name of First Compete Ltd which is authorised and regulated by the Financial Conduct Authority