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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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