Standard Variable Rate

A Standard Variable Rate (SVR) is a rate of interest that is determined by your lender. The rate can increase or decrease at any time, which means your payments could also fluctuate.

Most mortgage deals revert to SVR when your current fixed or tracker deal comes to an end.

How much will it cost?

An initial rate* of Followed by our Standard Variable Rate, currently The overall cost for comparison is Maximum Loan To Value Fees
5.99% 5.99% 6.2% 95% £0
APR

If you borrowed £125,000 over 25 years the cost for credit would be £116,808.00 meaning you repay a total of £241,808.00. This would be repaid by 300 monthly repayments currently of £804.61.

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Summary Information

Interest Rates Standard Variable Rate (currently 5.99%) for the term of the mortgage
Maturity Date N/A
Maximum Loan to Value (LTV) 95%
Loan Amount £10,000 - £300,000
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
Minimum Term 5 years
Reservation Fee £0
Completion Fee £0
Early Repayment Charge N/A

Tariff of Mortgage Charges

Below you will find useful information on the mortgage fees that may apply to you during the life of your mortgage with Newcastle Building Society.

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0345 606 4488

Calls to 0345 numbers, cost the same as a call to a standard ‘01’ or ‘02’ landline number, even when calling from a mobile. Contact your provider for more information.

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