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Scotwest Credit Union Fixed 3.99% for 2 years

Scotwest Credit Union Fixed 3.99% for 2 years
Overpayments allowed Portable Initial rate Reverts to Max LTV
Whether the deal allows you to pay more than you have to each month so you can pay your mortgage off more quickly and save on interest.
Whether the deal can be transferred to a new property if you move so you don’t have to pay charges for paying the mortgage off early.
The interest rate you'll pay during the initial deal period.
The interest rate you'll pay once the initial deal period ends.
The maximum amount you can borrow as a percentage of the property value.
Yes No 3.99% 4.74% 90.0%

Assumed borrowing of £125,000 over 25 years, representative 4.7% APRC. Total amount payable: £211,637.43. Includes interest of £86,338.43, Valuation fee of £0, Booking fee of £0 and Administration fee of £299. Repayments: 24 monthly repayments of £659.11 at 3.99% (fixed), then 276 monthly repayments of £708.41 at 4.74% (variable).

Scotwest Credit Union customer satisfaction scorecard:

How do we work this out?
Clarity of statements Flexibility of payments Transparency of charges Customer service Overall customer score
n/a n/a n/a n/a

Not rated

n/a = sample size is too small.

We have not been able to rate this provider as our customer satisfaction survey didn't generate a big enough sample of its customers but we aim to rate as many providers as possible


Maximum age N/A
Minimum age 18
Location Scotland
Restricted location note Only available to people who live or work in the West of Scotland which includes Argyll & Bute, East Ayrshire, East Dunbartonshire, East Renfrewshire, Glasgow, Inverclyde, North Ayrshire, North Lanarkshire, Renfrewshire, South Ayrshire, South Lanarkshire and West Dunbartonshire.
Existing customer note N/A
Eligibility notes N/A

Mortgage product details

Mortgage types Purchase, Remortgage, First time buyer
Deal type Fixed
Tracker type N/A
Payment options Repayment

Mortgage product features

Overpayments allowed Yes
Overpayment limits note N/A
Offset mortgage No
Help to Buy mortgage No
Shared ownership mortgage No
Shared equity mortgage No
New-build mortgage No
Self-build mortgage No
Portable mortgage No

Product fees

Arrangement fee £299
Arrangement fee can be added to loan No
Booking fee £0
Telegraphic transfer fee £25
Insurance fee £0
Other fees £0

Rate information

Minimum borrowing amount N/A
Maximum borrowing amount N/A
Minimum term (years) 0
Maximum term (years) 25
Initial deal end date N/A
Initial deal length (months) 24
APRC 4.65%
Initial rate 3.99%
Revert-to rate 4.74%
Maximum LTV 90.0%

Other charges

Exit fees £0
Valuation admin fee £0
Valuation fee N/A
Early repayment note During the fixed rate period, an early repayment charge of 3% of the amount repaid will apply if you repay all or any part of your mortgage.

Standard benefits

Valuation admin fee excluded from any refund offer Yes
Maximum free valuation £0
Cash back amount £0
Further notes about benefits N/A

Remortgage benefits

Cash back on legal fees No
Free legal work No
Valuation offer Payable

Purchase mortgage benefits

Cash back on legal fees No
Free legal work No
Valuation offer Payable