Additional Loan
The table below shows the current interest rates for the different types of Additional Loans which are available through our branches or telesales.
Fixed Rate Additional Loans
|
Maximum Loan to Value |
Loan amount |
Initial Rate Term |
Initial Rate |
Then changing to our standard variable rate, currently |
The overall cost for comparison is |
Booking Fee |
Early Repayment Charge |
|
75% |
£5,000-£550,000 |
2 Years |
5.69% |
4.24% |
5.4% APR |
£0 |
Yes, for the first 2 years |
|
75% |
£5,000-£550,000 |
3 Years |
5.99% |
4.24% |
5.8% APR |
£0 |
Yes, for the first 4 years |
|
75% |
£5,000-£550,000 |
4 Years |
5.49% |
4.24% |
5.9% APR |
£599 |
Yes, for the first 4 years |
|
85% |
£5,000-£550,000 |
4 Years |
6.19% |
4.24% |
6.3% APR |
£599 |
Yes, for the first 4 years |
Base Rate Tracker Additional Loan
|
Maximum Loan to Value |
Loan amount |
Initial Rate Term |
Initial Rate |
Differential to Bank of England Base rate, currently 0.50% |
Then Changing to our standard variable rate, currently |
The overall cost for comparison is |
Booking Fee |
Early Repayment Charge |
|
75% |
£5,000-£550,000 |
3 Years |
5.19% |
+4.69% |
4.24% |
6.3% APR |
£449 |
None |
|
85% |
£5,000-£550,000 |
3 Years |
5.69% |
+5.19% |
4.24% |
5.3% APR |
£449 |
Yes for 3 years |
Exclusive rates for Abbey mortgage customers
If you are considering an Additional Loan and are currently reviewing your mortgage borrowing, you may be able to arrange this at the same rate and without incurring extra fees for the additional borrowing. Please call us on 0800 587 5023 to find out more.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
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