Mortgage Calculator

"Use our mortgage calculator to find out how reasonable a credit union mortgage would be"

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 your repayments may be. Please contact the office on 0141 274 9933 for a personalised illustration.

Please note that this calculation is inclusive of the set up fee however this can alternatively be made as a "one off" payment and therefore not included in the mortgage calculation

Associated terms and conditions of mortgage products:

• £350 set up fee applies to fixed rate product applications.
• £150 transfer fee applies if transferring from standard variable rate product to fixed rate product.
• Higher Lending Charge applies where Loan to Valuation is greater than 85% - see below for details.

Please note: GCU can provide mortgages up to a maximum of 90% of the property value

Tiered charges as follows:
Borrowing to valuation:

• 86% - 90% - 0.5% Higher Lending Charge i.e. 0.5% x Loan Amount.
• 91% - 95% - 1.0% Higher Lending Charge i.e. 1.0% x Loan Amount.
• 96% - 100% - 1.5% Higher Lending Charge i.e. 1.5% x Loan Amount.

Early Repayment
Early repayment charges apply for fixed rate mortgage products - see below for details.
Tired charges for fixed rate products apply as follows:

For 2 year rate product

• From date of loan first anniversary: 2% of initial loan plus £125 discharge fee.
• From date of loan first anniversary to date of second anniversary: 1% of initial loan plus £125 discharge fee.

For 5 year rate product

• From date of loan first anniversary: 5% of initial loan plus £125 discharge fee.
• From date of loan first anniversary to date of second anniversary: 4% of initial loan plus £125 discharge fee.
• From date of loan second anniversary to date of third anniversary: 3% of initial loan plus £125 discharge fee.
• From date of loan third anniversary to date of forth anniversary: 2% of initial loan plus £125 discharge fee.
• From date of loan forth anniversary to date of fifth anniversary: 1% of initial loan plus £125 discharge fee.

Standard variable rate

• £ 150 is payable if loan is repaid full within 12 months. Discharge fee of £125 also need to be added.

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