Explanatory Notes
Explanatory Notes
Product availability These are a special issue loans and may be withdrawn without notice. These loans are only available to existing mortgage holders of Dunfermline Building Society. Not available for existing customers with Resteasy loans.
How to arrange a loan Call into your local branch and make an appointment with a Personal Mortgage Adviser or call Dunfermline Direct on 0845 601 2218. All communications with us may be monitored/recorded to improve the quality of service and for your protection and security.
Lending Guide (basic information only, further advance applications are subject to full lending criteria).
NOTE: All home improvement / homeowner loans must settle by the date in any offer of mortgage we make to you. For all home improvement loans over 75% loan to value estimates or receipts must be provided at the time of application.
| | Home Improvement | Home Owner |
| Minimum Advance | £500 | £2,000 |
| Maximum Advance | £100,000
| £100,000 |
Maximum Loan to Value
(including current mortgage) | 85% | 75% |
| Availability | Home Improvement/Home repairs | Any purpose other than Home Improvement/Home repairs |
| Term | Anytime up to the remaining term of the mortgage | Can be remaining term, however may be restricted due to purpose |
Valuation fees The Society requires a valuation. Where this is carried out on behalf of the Society, it will be for the Society’s purposes only. You will be responsible for the cost of the valuation and the Society’s administration fee. The following fees apply:
NOTE: Where re-inspection is required, an additional but reduced fee is payable each time. For all applications over 75% loan to value (including current mortgage) a revaluation will be required. Please ask our staff for details. Refer to the booklet ‘A Guide to Your Mortgage’ for full details of the types of valuation.
| Loan Amount | Up to
£2,500 | Up to
£5,000 | Up to
£10,000 | Up to
£15,000 | Over
£15,000 |
|
| Valuation Fee | £45 | £50 | £55 | £60 | Fee as per reinspection by
Dunfermline Building Society |
| Administration Fee | £20 | £20 | £20 | £20 |
| Total Cost | £65 | £70 | £75 | £80 |
|
1. Early Repayment Charges No early repayment charges apply to these loans. If your entire loan (including your mortgage) is repaid early a mortgage exit administration fee may be payable. Please contact us for details.
2. Standard Variable Rate (SVR) Our Standard Variable Rate is currently 5.19%.
3. Annual Percentage Rate (APR) Annual Percentage Rate is an expression of the effective interest rate that the borrower will pay on a loan, taking into account one-time fees and standardizing the way the rate is expressed. In other words the APR is the total cost of credit to the consumer, expressed as an annual percentage of the amout of credit granted. APR is intended to make it easier to compare lenders and loan options.
4. Fees A documentation charge may apply to a product. Please refer to individual product details. Where applicable this fee could be added to the loan or can be paid when the loan is advanced. Please note that by adding the fee to your loan amount will increase your monthly repayments and will increase the interest payable over the term of the mortgage.
Governing law and language Unless we agree otherwise with you in our mortgage deed, our relationship with you will be governed by the law of Scotland. We will communicate with you in English. Our mortgage products are available to UK residents only.
Other important information Dunfermline Building Society is a
trading division of Nationwide Building Society which is authorised and
regulated by the Financial Services Authority under registration number
106078. Credit facilities other than regulated mortgages are not
regulated by the Financial Services Authority.
Nationwide
Building Society is authorised and regulated by the Financial Services
Authority under registration number 106078. Credit facilities other
than regulated mortgages are not regulated by the Financial Services
Authority.
Head Office: Nationwide House, Pipers Way, Swindon,
Wiltshire SN38 1NW. Nationwide is a registered trademark of Nationwide
Building Society. © Nationwide Building Society.
You can confirm our registration on the FSA's website, www.fsa.gov.uk or by contacting the FSA on 0300 500 5000.
Please read ‘A Guide to your Mortgage’ and the ‘Mortgage Tariff’ in conjunction with this information. These contain important terms and conditions which affect your mortgage. All the above documents are available from Dunfermline Direct and every branch of Dunfermline Building Society.
Mortgages are secured on a property. Written quotations on request. Mortgage subject to an appraisal of financial standing and a minimum age of 18.