Product information

• 6.79% fixed for the first 2 years changing to our Standard Variable Rate for the rest of the mortgage term, currently 5.94%.

• The overall cost for comparison is 6.2% APR.

• Only available to remortgage applicants.
• Minimum deposit of 15%.
• No arrangement fee.
• Standard legal fees.
• No standard valuation fee.
• In the event of the mortgage being repaid, in full or in part, during the fixed rate period, an early repayment charge applies of 5% in the 1st year, 4% in the 2nd year. The charge will be made on the original loan amount or, in the case of part repayment, the amount of capital repaid.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Product Details Summary

• Valuation
  No valuation fee for remortgage applicants with a property value below £750,000.  Only remortgage applicants with an estimated property value greater than £750,000 will receive a copy of the report.

• Daily Interest
  All Cheshire products have interest calculated daily.

• Insurance
  There is no compulsory insurance, however, an acceptable buildings insurance policy must be in place on or before completion. The Cheshire provides an excellent range of buildings and contents cover. See Insurance for Homeowners (new window) for more information.

• Accident, Sickness and Unemployment Cover
  Free cover for the first three months, subject to eligibility and a satisfactory insurance application.

• Advance Level
  Remortgage minimum advance £25,000.

  Maximum is negotiable..

Flexible Features

• Payment Holidays
  Regular underpayments and lump sum withdrawals (minimum £500, maximum £25,000 per transaction) allowed against accrued overpayments only. 7 working days written notification is required.

• Overpayments
  Up to £5,000 per 12 month period can be made penalty free during the lock in period.

• Portability
  Product is portable subject to the new application meeting our lending policy.