Mortgages

Hi I'm Bob. I'm here to help.

• Do I need a deposit? All of our mortgages currently require a deposit of at least 15%.
  
• How much can I borrow? This will depend on your circumstances and your monthly financial commitments.
• What happens at the end of my fixed/discount period? At the end of the benefit period your mortgage should transfer to Dunfermline Building Society’s current Standard Variable Rate as provided by Nationwide Building Society. We do however have a range of further products to offer. Please contact Dunfermline Direct on 08457 33 66 88 who will be happy to discuss.
• What is your Standard Variable Rate? Dunfermline Building Society’s Standard Variable Rate as provided by Nationwide Building Society is currently 5.19%.
• How is a mortgage different from a loan? A mortgage is secured against your property and generally has a term in the region of 25 years. A loan may not be secured and is often over a short term (perhaps 3 years).
• What does APR mean? 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 amount of credit granted. APR is intended to make it easier to compare lenders and loan options.
• What if I can't afford my monthly payments? We always try to help our customers who get into financial difficulties and struggle with mortgage repayments. Please contact us as soon as possible to discuss. Our Account Management team can be contacted Monday to Friday 9am - 5pm and Saturday 9am - 12 noon on 01383 627749.

Send me a question