Scottish Building Society 2.15% discount for 3 years
Assumed borrowing of £125,000 over 25 years, representative 4.7% APRC. Total amount payable: £213,627.57. Includes interest of £87,628.57, Valuation fee of £200, Booking fee of £0 and Administration fee of £799. Repayments: 36 monthly repayments of £592.11 at 2.99% (variable), then 264 monthly repayments of £724.67 at 5.14% (variable).
Scottish Building Society customer satisfaction scorecard:
How do we work this out?| Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
Not rated |
Eligibility
| Maximum age | 85 |
|---|---|
| Minimum age | 18 |
| Location | Scotland |
| Restricted location note | Only available for properties in Scotland. |
| Existing customer note | N/A |
| Eligibility notes | N/A |
Mortgage product details
| Mortgage types | Remortgage |
|---|---|
| Deal type | Discount |
| Tracker type | Standard variable rate |
| Payment options | Repayment |
Mortgage product features
| Overpayments allowed | Yes |
|---|---|
| Overpayment limits note | Up to 10% of loan amount per annum |
| 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 | Yes |
Product fees
| Arrangement fee | £799 |
|---|---|
| Arrangement fee can be added to loan | Yes |
| Booking fee | £0 |
| Telegraphic transfer fee | £0 |
| Insurance fee | £0 |
| Other fees | £0 |
Rate information
| Minimum borrowing amount | £30,000 |
|---|---|
| Maximum borrowing amount | £300,000 |
| Minimum term (years) | 5 |
| Maximum term (years) | 40 |
| Initial deal end date | N/A |
| Initial deal length (months) | 36 |
| APRC | 4.74% |
| Initial rate | 2.99% |
| Revert-to rate | 5.14% |
| Maximum LTV | 90.0% |
Other charges
| Exit fees | £50 |
|---|---|
| Valuation admin fee | £0 |
| Valuation fee | From £100 for property value above £50,000 |
| Early repayment note | 3% of the loan amount for the first 3 years |
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 |