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6.59% 3 Year Fixed Rate until 31/05/2011

Scheme 6.59% 3 Year Fixed Rate until 31/05/2011
Scheme Type 3 Year Fixed Rate of 6.59% until 31/05/2011 then reverting to Bank of England Base Rate (currently 5%, variable) + 1.75% for the remaining term, to give a current reversion rate of 6.75%.
Overall Cost Comparison 7.1%
Early Repayment Charge 5% of redeeming balance to 31/05/2011
Loan To Value 75% to £500,000
Arrangement Fee £799, plus £195 lender fee due on completion
Broker Fee £297
Repayment Options Interest Only or Repayment
Rent To Interest Cover 100% at the product rate
Income Required £15,000
Minimum Mortgage Term 5 years
Maximum Mortgage Term 30 Years
Minimum Age 21
Acceptable Areas England , Wales and Scotland


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