Maximum borrowing 85% of purchase price or valuation.
Free offset available on all 2 year fixed rate products.
Interest Rates effective from Thursday 10 May 2012
We reserve the right to change our product rate at any time.
2 Year Fixed Rates
| Loan to Value | Initial Rate | Followed by our Standard Variable Rate, currently | The overall cost for comparison is | Booking Fee (added to loan) | Repayment Method | Maximum Loan |
- All products available for house purchase only.
- Offset is available on all 2 Year Fixed Rate products.
- All products have a £195 Redemption Fee which is added to loan on redemption of the mortgage.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
|
| Up to 75% |
4.39% fixed until 31 July 2014 |
3.99% for the rest of the mortgage |
4.1% APR |
£999 |
Repayment |
£1,000,000
|
| Up to 75% |
4.39% fixed until 31 July 2014 |
3.99% for the rest of the mortgage |
4.1% APR |
£999 |
Interest Only |
£500,000
|
| Up to 85% |
5.49% fixed until 31 July 2014 |
3.99% for the rest of the mortgage |
4.3% APR |
£999 |
Repayment |
£1,000,000 |
| Early repayment charges |
| | Mortgage Type | Early Repayment Charge |
| Fixed Rate |
Flexible/Professional |
Up to 10% of the loan balance may be repaid once a year by cheque, without an early repayment charge. If any extra payments are made to the mortgage account prior to the expiry of the fixed rate period, a charge equal to 3% of the amount of the extra payments will be payable. Extra payments include repayment of the mortgage in full. |
2 Year Tracker Rate
(Variable Rate) |
Flexible/Professional |
If the mortgage is repaid in full within the first 24 months, 2% of the amount of the mortgage taken at the outset will be charged. |
Base Rate Term Tracker (Variable Rate)
|
Flexible/Professional |
If the mortgage is repaid in full within the first 24 months, 2% of the amount of the mortgage taken at the outset will be charged. |