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6.99% 3 Year Fixed Rate until 01/10/2011

Scheme 6.99% 3 Year Fixed Rate until 01/10/2011
Scheme Type 3 year fixed rate of 6.99% until 01/10/2011, Then reverting to Bank of England Base Rate (currently 5%, variable) + 2.44% to give a current reversion rate of 7.44%.
Overall Cost Comparison 7.9%
Early Repayment Charge 3% of redeeming balance to 01/10/2011
Loan To Value 85% to £1m
Arrangement Fee 2%
Broker Fee £297
Repayment Options Interest only or Capital and Interest
Rent To Interest Cover 125% at the product rate
Income Required £25,000
Minimum Mortgage Term 5 years
Maximum Mortgage Term 40 years
Minimum Age 18
Maximum Age 75
Acceptable Areas England, Wales, Scotland and Northern Ireland


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