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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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