AA Fixed 1.84% until 31/08/2019
Which? customer score 85%
Assumed borrowing of £125,000 over 25 years, representative 3.9% APRC. Total amount payable: £196,295.45. Includes interest of £71,100.45, Valuation fee of £0, Booking fee of £195 and Administration fee of £0. Repayments: 23 monthly repayments of £520.14 at 1.84% (fixed), then 277 monthly repayments of £664.76 at 4.24% (variable).
AA customer satisfaction scorecard:
How do we work this out?| Clarity of statements | Flexibility of payments | Transparency of charges | Customer service | Overall customer score |
85%Excellent |
Eligibility
| Maximum age | 70 |
|---|---|
| Minimum age | 18 |
| Location | Any |
| Restricted location note | N/A |
| 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 | You can overpay a maximum of 10% of the outstanding mortgage balance (as at 31st March the previous year) |
| 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 | £0 |
|---|---|
| Arrangement fee can be added to loan | No |
| Booking fee | £195 |
| Telegraphic transfer fee | £30 |
| Insurance fee | £0 |
| Other fees | £0 |
Rate information
| Minimum borrowing amount | £25,001 |
|---|---|
| Maximum borrowing amount | £750,000 |
| Minimum term (years) | 5 |
| Maximum term (years) | 35 |
| Initial deal end date | 31.08.19 |
| Initial deal length (months) | 24 |
| APRC | 3.92% |
| Initial rate | 1.84% |
| Revert-to rate | 4.24% |
| Maximum LTV | 85.0% |
Other charges
| Exit fees | £0 |
|---|---|
| Valuation admin fee | £90 |
| Valuation fee | From £180 for property value above £50,000 |
| Early repayment note | 3% then 2% until end of fixed period |
Standard benefits
| Valuation admin fee excluded from any refund offer | No |
|---|---|
| Maximum free valuation | £0 |
| Cash back amount | £0 |
| Further notes about benefits | AA Home Response Plus, AA Central Heating Response Plus and 15% off AA Home Insurance - see AA website for terms & conditions. |
Remortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | Yes |
| Valuation offer | Free |
Purchase mortgage benefits
| Cash back on legal fees | No |
|---|---|
| Free legal work | No |
| Valuation offer | Free |