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Fixed rates mortgages with no early repayment charges

Mortgages and BTL

Have you heard about the new Flexible Fixed Mortgages
Take a look and please share it.

Here’s the problem.
With most fixed-rate mortgages, if your plans change, you can get penalised with early repayment charges for making large lump sum payments or paying the mortgage off early

So if you are thinking of maybe moving house you may avoid a longer-term fixed-rate or risk going for a variable rate. These new Flexible Fixed Mortgages give you the best of both worlds.


Some of the key features include:

  • Unlimited overpayments – each year instead of the usual cap of only 10% of the mortgage amount
  • No early repayment charges – some lenders charge up to 4% if you repay your loan during the fixed period

There are even some lenders offering free valuations and reduced legal fees on remortgages.


Please call 01902 585020 or visit www.promisemoney.co.uk

Don’t forget to share it with anyone who might be thinking of remortgaging or buying a new home.

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2 out of 3 borrowers get a lower rate than our representative example of a regulated secured loan below:

Mortgages and Remortgages

Representative example

£80,000 over 240 months at an APRC OF 4.3% and a discounted variable annual interest rate for two years of 2.12% at £408.99 per month followed by 36 payments of £475.59 and 180 payments of £509.44. The total charge for credit is £39,873 which includes a £995 broker / processing fee and £125 application fee. Total repayable £119,873.

Secured / Second Charge Loans

Representative example

£63,000 over 228 months at an APRC OF 6.1% and an annual interest rate of 5.39% (Fixed for five years – variable thereafter) would be £463.09 per month, total charge for credit is £42,584.52 which includes a £2,690 broker / processing fee. Total repayable £105,584.52.

Unsecured Loans

Representative example

£4,000 over 36 months at an APR OF 49.9% (fixed) and an annual interest rate of 49.9% would be £216.21, total charge for credit is £3,783.56. Total repayable £7,783.56.


THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.


Written terms available on request. Loans are subject to affordability status and available to UK residents aged 18 or over. Promise Money is a trading style of Promise Solutions Ltd. Promise Solutions is a broker offering products which represent the whole of the specialist second mortgage market and is authorised and regulated by the Financial Conduct Authority – Number 681423.

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