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Additional information on mortgage products:
- £99 application fee payable at time of your mortgage application (Non Refundable)
- £400 set up fee is payable on completion of your mortgage.
- £150 transfer fee applies if transferring from one of our products to another of our mortgage products.
- Higher Lending Charge applies where Loan to Valuation is greater than 85% - see below for details.
- Fixed rate mortgages only available for amounts of £40,000 and over.
Please note: We can provide mortgages up to a maximum of 95% of the property value for house purchases and 85% of the value of the property for remortgages
Tiered charges as follows:
Borrowing to valuation:
- 85.01% to less than 90% - 0.5% Higher Lending Charge
- 90.01% to less than 95% - 1.0% Higher Lending Charge
Early Repayment
Early repayment charges apply for fixed rate mortgage products - see below for details.
Tiered charges for fixed rate products apply as follows:
For 2 year rate product
- From date of loan to first anniversary: 2% of initial loan plus £125 discharge fee.
- From first anniversary to second anniversary: 1% of initial loan plus £125 discharge fee.
For 3 year rate product
- From date of loan to first anniversary: 3% of initial loan plus £125 discharge fee
- From first anniversary to second anniversary: 2% of initial loan plus £125 discharge fee
- From second anniversary to third anniversary: 1% of initial loan plus £125 discharge fee
This information does not contain all of the details you need to choose a mortgage. Please be advised this calculator is only available to give you an indication of what you may be able to borrow with Glasgow Credit Union. Please contact the office on 0141 274 9933 for a personalised illustration.
For 5 year rate product
Standard variable rate
Disclaimer
Whilst every care has been made in the production of this document, the Credit Union, its staff, or suppliers cannot be held responsible for any omissions, errors or other mistakes made herein. This document is for illustrative purposes only, so as to give you, the borrower, an overview of the potential cost of borrowing. Calculations may be approximate. Terms & Conditions apply.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
In relation to your mortgage needs this website will enable you to obtain information only to help you decide which product suits your needs. To view the Initial Disclosure document that provides full details click here
