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6.79% 3 Year Fixed Rate until 01/10/2011
| Scheme |
6.79% 3 Year Fixed Rate until 01/10/2011 |
| Scheme Type |
3 Year Fixed Rate of 6.79% until 01/10/2011, then reverting to a variable rate of Bank of England Base Rate (currently 5%) + 2.44% for the remaining term, to give a current reversion of 7.44%. |
| Overall Cost Comparison |
7.8% |
| 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 Repayment |
| 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, Northern Ireland and the Isle of Wight |
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