Your mortgage

Mortgage Facilities at a glance

Application requirements	Church, Registered Charity or social action project Established 3 years Reference
Amount	£1+
Term	1 to 30 years
Interest only option	Up to 2 years
Repayment method	Capital and interest monthly
Flexible repayments	Over-payments monthly Lump sum payments at any time Full repayment at any time
Early Repayment Charge	Only in the event of transfer to another lender during the first two years at a cost of 3 months’ interest.
Interest rate	Variable
Security	Legal mortgage over freehold or long leasehold, normally first charge but subsequent charges considered.
Additional requirements (usually required)	Property valuation Compliance with Charities Act Buildings insurance Keyman Life Assurance Building warranties
Fees	Valuation report Legal fees Arrangement fee

Kingdom Bank Limited, Ruddington Fields Business Park, Mere Way, Ruddington, Nottingham, NG11 6JS, registered in England and Wales No. 4346834.
Authorised and Regulated by the Financial Services Authority.

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Your Mortgage

Mortgages designed to help you buy, bulid, extend and develop

Lending limits

The amount you can borrow is only limited by your ability to repay and the value of your building. Church Mortgages Direct can arrange to lend any amount needed to help you with your buying, building or extension plans. We lend up to 90% of value. Click here for full details

For funding below £15,000 Church Mortgages Direct may be able to help you with an unsecured loan. Please contact us for details.

Whatever the amount, talk to us today about your requirements.

Repayments

As many churches are building for future generations, we recognise the need for long-term support for your vision.

At Church Mortgages Direct, we can organise 30-year repayments for some mortgages. Why not contact us today to discuss your needs.

Flexible repayments

Church Mortgages Direct understands good stewardship and encourages early repayment without penalty charges.

We allow lump sum payments at any time. When you tell us a payment is a lump sum, we recalculate your interest and minimum monthly repayments immediately.

If you wish to pay more than your minimum monthly repayment, you can do so without penalty.

You can also pay off the mortgage in full without attracting any early repayment charges. However, if you transfer your mortgage to another lender during the first two years, an Early Repayment Charge is payable.

Interest rates

We offer competitive rates that are variable. When the rate changes, we will contact you with the new minimum repayment figure so you can amend your standing order. For current rates and repayment examples Click Here.

Interest-only option

We offer an interest-only period of up to two years on some mortgages, particularly if you are paying rent on temporary premises while your new project is becoming established or building is completed.

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