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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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