Gibraltar Services
Mortgage Rates and Details at a Glance
Gibraltar Mortgage Range
Rates correct as at 4 May 2012
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| Fee Free 2 Year Fixed Rate up to and including 31 July 2014 | |||
|---|---|---|---|
| Initial Rate | Then changing to the Society's Gibraltar Variable Rate, which is currently | The overall cost for comparison is | Maximum Loan To Value |
5.59%
Fixed up to and including 31/07/2014 |
6.19%
For the remaining term of the mortgage |
6.4% APR |
85% |
| Additional Features: | Fees | ||
1% cashback on completion (maximum £1,000).
No Higher Lending Charge.
10% capital repayments are allowed each year without incurring an Early
Repayment Charge.
FREE standard valuation up to £305.
Tapered Early Repayment Charges apply up to and including 31 July 2014.
|
Redemption Fee: £199 |
||
| 3 Year Fixed Rate up to and including 31 July 2015 | |||
|---|---|---|---|
| Initial Rate | Then changing to the Society's Gibraltar Variable Rate, which is currently | The overall cost for comparison is | Maximum Loan To Value |
3.49%
Fixed up to and including 31/07/2015 |
6.19%
For the remaining term of the mortgage |
5.9% APR |
60% |
| Additional Features: | Fees | ||
No Higher Lending Charge.
10% capital repayments are allowed each year without incurring an Early
Repayment Charge.
Tapered Early Repayment Charges apply up to and including 31 July 2015.
|
Completion Fee for loans up to £500,000: £999
Completion Fee for loans over £500,000: 1% of loan
Redemption Fee: £199 |
||
| 5 Year Fixed Rate up to and including 31 July 2017 | |||
|---|---|---|---|
| Initial Rate | Then changing to the Society's Gibraltar Variable Rate, which is currently | The overall cost for comparison is | Maximum Loan To Value |
4.69%
Fixed up to and including 31/07/2017 |
6.19%
For the remaining term of the mortgage |
6.2% APR |
80% |
| Additional Features: | Fees | ||
No Higher Lending Charge.
10% capital repayments are allowed each year without incurring an Early
Repayment Charge.
Tapered Early Repayment Charges apply up to and including 31 July 2017.
|
Completion Fee for loans up to £500,000: £999
Completion Fee for loans over £500,000: 1% of loan
Redemption Fee: £199 |
||
| 2 Year 1.80% Discount | |||
|---|---|---|---|
| Initial Rate is the Society's Gibraltar Variable Rate less a discount of 1.80%, currently | Then changing to the Society's Gibraltar Variable Rate, which is currently | The overall cost for comparison is | Maximum Loan To Value |
4.39%
for 2 years |
6.19%
For the remaining term of the mortgage |
6.3% APR |
80% |
| Additional Features: | Fees | ||
No Higher Lending Charge.
10% capital repayments are allowed each year without incurring an Early
Repayment Charge.
Tapered Early Repayment Charges apply for the first 2 years.
|
Completion Fee for loans up to £500,000: £999
Completion Fee for loans over £500,000: 1% of loan
Redemption Fee: £199 |
||
| Right to Buy 3 Year Fixed Rate up to and including 31 July 2015 | |||
|---|---|---|---|
| Initial Rate | Then changing to the Society's Gibraltar Variable Rate, which is currently | The overall cost for comparison is | Maximum Loan To Value |
6.19%
Fixed up to and including 31/07/2015 |
6.19%
For the remaining term of the mortgage |
6.9% APR |
85% |
| Additional Features: | Fees | ||
No Higher Lending Charge.
10% capital repayments are allowed each year without incurring an Early
Repayment Charge.
Only available for Right to Buy applications up to 100% of the discounted purchase
price.
Tapered Early Repayment Charges apply up to and including 31 July 2015.
|
Completion Fee for loans up to £500,000: £999
Completion Fee for loans over £500,000: 1% of loan
Redemption Fee: £199 |
||
| Shared Ownership 3 Year Fixed Rate up to and including 31 July 2015 | |||
|---|---|---|---|
| Initial Rate | Then changing to the Society's Gibraltar Variable Rate, which is currently | The overall cost for comparison is | Maximum Loan To Value |
6.99%
Fixed up to and including 31/07/2015 |
6.19%
For the remaining term of the mortgage |
7.1% APR |
75% |
| Additional Features: | Fees | ||
No Higher Lending Charge.
75% of borrower share available.
Tapered Early Repayment Charges apply up to and including 31 July 2015.
|
Completion Fee for loans up to £500,000: £499
Completion Fee for loans over £500,000: 1% of loan
Redemption Fee: £199 |
||
| Shared Ownership 3 Year Fixed Rate up to and including 31 July 2015 | |||
|---|---|---|---|
| Initial Rate | Then changing to the Society's Gibraltar Variable Rate, which is currently | The overall cost for comparison is | Maximum Loan To Value |
7.59%
Fixed up to and including 31/07/2015 |
6.19%
For the remaining term of the mortgage |
7.3% APR |
75% |
| Additional Features: | Fees | ||
No Higher Lending Charge.
85% of borrower share available.
Tapered Early Repayment Charges apply up to and including 31 July 2015.
|
Completion Fee for loans up to £500,000: £499
Completion Fee for loans over £500,000: 1% of loan
Redemption Fee: £199 |
||
| Gibraltar Variable Rate | ||
|---|---|---|
| The Society's Gibraltar Variable Rate applies, which is currently | The overall cost for comparison is | Maximum Loan To Value |
6.19%
For the term of the mortgage |
6.6% APR |
80% |
| Additional Features: | Fees | |
No Higher Lending Charge.
Unlimited capital repayments are allowed.
|
Redemption Fee: £199 |
|
Read our Important Notes for Gibraltar
Re-mortgaging?
Whether you’re looking to release equity from your property – or simply want to move to a better deal – Leeds Building Society can offer a highly efficient service and our ‘Fee Free’ products ensure that any costs are kept to an absolute minimum.
Co-ownership/Shared Ownership
These are schemes where properties are co-owned by the Gibraltar Government. Mortgages are available to assist in the purchase of shares in a co-owned property and can also be used to buy additional or remaining Government shares of the property, giving you outright ownership.
Buying the first share
Mortgages for purchase only are available up to 100% of the borrower’s share of the co-ownership property price, provided this does not exceed 75% of the property’s valuation.
Buying the remaining Government share and Capital Raising
You can transfer your existing co-ownership mortgage from another lender to Leeds Building Society and increase the amount in order to buy the remaining Government share, up to 95% of the property valuation.
At the same time, you can unlock the value in your property, after buying the remaining Government share, to raise capital for almost any purpose you choose, up to a maximum of 90% of the property valuation.