CAT Standard Mortgage

CAT Standard Mortgages

Introduced by the UK Government, CAT (Cost, Access and Terms) Standard mortgages will have no separate charge for mortgage indemnity guarantee (MIG) insurance, which is often charged on larger loans, and interest will be calculated daily. All other potential fees and costs must be mentioned before the mortgage is taken out so that you know exactly what it might cost you.

  • Portable when you stay with the same lender.
  • Borrowers in arrears equivalent to up to three months repayments will pay standard interest charges only on the outstanding debt.
  • Choice of which day of the month to make regular payments.
  • Early Redemption charges on fixed or capped-rate mortgages at a maximum of 1% of the loan for each remaining year of the fixed or capped period and reduce each month.
  • Early repayments allowed. No tie-in periods and six months notice of any change from the CAT standard terms.
  • Maximum variable interest rate no higher than 2% above base rate and no redemption fee. No early redemption charge once the fixed or capped-rate offer period has finished.

Lowest prices on mortgages Leicester can be found by filling in the contact form on the right hand side of this page


World of Mortgages is authorised and regulated by the Financial Services Authority. Our FSA registration number is 430499. The FSA do not regulate certain mortgages.
The advice and/or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

We charge a fee usually 2% of the loan amount with a minimum of £2,999. Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it. The overall cost for comparison is 5% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.