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7.24% 5 Year Fixed Rate until 31/08/2013

Scheme 7.24% 5 Year Fixed Rate until 31/08/2013
Scheme Type 5 Year Fixed Rate of 7.24% until 31/08/2013 then reverting to Bank of England Base Rate (currently 5%, variable) + 2.14% for the remaining term, to give a current reversion rate of 7.14%.
Overall Cost Comparison 7.8%
Early Repayment Charge 5% of the amount being repaid until 31/08/2013
Loan To Value 75% to £550,000 or 70% to £1,000,000
Arrangement Fee 2% minimum £599
Broker Fee £297
Repayment Options Interest only or Repayment
Rent To Interest Cover 125% at the product rate
Minimum Mortgage Term 5 years
Maximum Mortgage Term 45 years
Minimum Age 21
Maximum Age 85
Acceptable Areas England, Scotland, Wales and parts of the Isle of Wight


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