Gibraltar Standard Variable Rate Mortgage
overview
Summary Box - Key Product Information
| Product Description | Gibraltar Standard Variable Rate | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Available For | Scheme Transfer and Further Advances | ||||||||
| Interest Rates | Currently 6.38% for the life of the loan. The overall cost for comparison is 6.7% APR. |
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| Maturity Date | N/A | ||||||||
| Maximum Loan to Value (LTV) | 90% | ||||||||
| Minimum Property Value/Purchase Price | £60,000 | ||||||||
| Daily Interest Calculation | Interest is calculated on the balance of your account at the end of each day. Interest is accrued daily and added to your account balance on the last day of every month. Every cleared payment that is made reduces the mortgage balance and interest is recalculated on the reduced balance |
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| Loan Amount | £10,000 - £500,000 (loans are restricted to £350,000 where the LTV exceeds 75%) | ||||||||
| Reservation Fee | N/A | ||||||||
| Completion Fee | N/A | ||||||||
| Valuation Fee | A valuation fee will be charged. Fees vary depending on the value of your property. Details available on request. The Society may, at its discretion, choose to assess the property without obtaining a physical inspection. In this case the figure obtained will not be made available to you |
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| Bank Transfer Fee | £30 | ||||||||
| Minimum Repayment Term | 5 Years | ||||||||
| Early Repayment Charge | N/A | ||||||||
| Higher Lending Charge | N/A | ||||||||
| Search Insurance Fee | N/A | ||||||||
Apply
If you are considering applying for this product, our mortgage customer service advisers are available to provide personalised quotes and discuss any further information you might need. Simply select the most convenient option for you below.
- Call our Contact Centre on 0845 600 4367 (lines are open 8am - 8pm Monday to Thursday, 8am - 6pm on Friday, 9am - 1pm on Saturday, closed Sunday)
- Call into any Newcastle Building Society branch
Don't forget
Make sure you’ve got the following details together before you start:
- Details of your monthly outgoings
- Your employment details
- Any self employment details
- Details of the property you’re looking to buy
- Your credit/debit cards details
- Any existing mortgage details you have
- Your bank/building society details for your direct debit to pay the mortgage
Once we have processed your application, subject to acceptance, we’ll write to you to verify the specific details of your new mortgage, all the terms and conditions will also be sent out in written confirmation.
The final stage in arranging your mortgage is the legal work. Once a solicitor has processed this we can arrange a completion date. When this is agreed your mortgage application should be finished and you will be ready to move into your new home.
The above is an overview of our variable rate mortgage. You are also advised to read the FSA Guidelines.
Note: The information contained on our website does not contain all the details that you need to choose a mortgage. Make sure you read a separate Key Facts illustration before you proceed. This will be provided to you when you enquire about a mortgage with us.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE