Credit Assist Mortgage 3 Year Discounted Variable Rate

Take advantage of a discount for 3 years

Fees

Based on a property worth

We do not lend on properties worth less than £120,000.
Please check and try again.

Based on the information you've provided the fees you would have to pay are:

£ application fee
which is payable at the time of application and is non-refundable

There are no completion fees to pay

£ product switch fee
which can be paid upfront or added to the loan (if added to the loan we'll charge interest on the fee during the term of the loan)

£ Further advance 'completion' fee
which can be paid upfront or added to the loan (if added to the loan we'll charge interest on the fee during the term of the loan)

A valuation isn't normally required for a product switch.
If you want to do more than a product switch, like change your LTV it might be best to have a new valuation, take a look at our guide for more information.

When borrowing additional funds you may require a revaluation if the value of your property has changed since you originally took your mortgage out with us.If substantial changes have been made to your property you may require a full standard valuation, take a look at our guide for more information.

£ for a standard valuation or £ for a standard valuation and homebuyer survey
For the purpose of the mortgage you'll only need to pay for a standard valuation. Valuation fees are payable at the time of application and are non-refundable. For more information about the different types of valuations and surveys, why we need it and what we use it for take a look at our guideAny property over the value of £3m will be referred to our valuation panel for pricing.

We will pay for a standard valuation. There are other types of valuations available, for more information on these, why we need a valuation and what we use it for take a look at our guideAny property over the value of £3m will be referred to our valuation panel for pricing.

For remortgages we'll pay the standard legal fee for switching your loan, using our partner conveyancing firm. If any additional legal work is required that is not normally associated with a remortgage, such as rectifying title defects, transfers of equity or other legal matters, the firm will advise you of the cost and you'll be responsible for any fees incurred.

Based on a property worth
Mortgage Hand Notes

We do not lend on properties worth less than £120,000.
Please check and try again.

Early repayment charges

These are the charges that will apply to your mortgage if you want to overpay or repay early.

Can I make overpayments?

With these mortgages you’re able to make unlimited overpayments without incurring any early repayment charges. Any extra monthly payments or lump sum payments you wish to make will be classed as overpayments and can be paid by standing order, cash, cheque or transfer. Debit card payments can also be made over the phone or in branch. When you make an overpayment your account is credited for the sum received, and your balance adjusted. Any overpayment you make will be deducted from your balance on the same day and your interest adjusted – allowing you to benefit immediately.

By making extra payments to reduce your balance, the daily interest charged to the loan will also reduce, which will mean that you can repay the loan more quickly.

What if I want to repay early?

There are no early repayment charges on our Credit Assist 3 Year Discounted Rate Mortgage.

What if I want to move home?

If you move house during the discounted rate term you may transfer the balance and remaining term of the discounted mortgage to your next home, without penalty. These requests will be subject to our underwriting criteria and the terms can't be extended to any further borrowing if the product has been withdrawn.

What happens at the end of my discounted rate deal?

At the end of the discounted rate term, your mortgage will revert to our Cambridge Variable Mortgage and you’ll pay our Standard Variable Rate for the remainder of the mortgage term. You’ll still be able to make as many overpayments as you like without incurring any early repayment charges. We’ll write to you when your discounted rate comes to an end to provide you with details of our Cambridge Variable Mortgage.

Eligibility

We offer Credit Assist Mortgages to customers who may struggle to secure borrowing due to an impaired credit history. For example, borrowers who have missed payments on unsecured credit and/or applicants who have unsatisfied defaults may be considered. Our Mortgage Advisers will be able to establish if this is the most suitable mortgage for your circumstances, you can book an appointment by giving the team a call on 0345 601 3344.

This mortgage is available for purchase, remortgage and additional borrowing.

This mortgage is available on residential properties located in England and Wales.

Before we agree your mortgage we’ll need to establish that you can afford to meet the monthly payment.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

What‘s next?

You can book an appointment with one of our mortgage advisers, or if you‘ve just got some initial questions you can request a call back from our contact centre team.

We will only use the information you have provided for the purpose of your mortgage enquiry.