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7.14% Lifetime tracker, Variable

Scheme 7.14% Lifetime tracker, Variable
Scheme Type Bank of England Base Rate (currently 5%, variable) + 2.14% for the term of the loan, to give a current reversion rate of 7.14%.
Overall Cost Comparison 7.8%
Early Repayment Charge 5% of redeeming balance for the first 3 years
Loan To Value 85% to £500,000 & 80% to £1,000,000
Arrangement Fee 2.75%
Broker Fee £297, Plus a booking fee of £499
Repayment Options Interest only or Repayment
Rent To Interest Cover 120% at the product rate
Minimum Mortgage Term 5 years
Maximum Mortgage Term 30 years
Minimum Age 18
Maximum Age 85
Acceptable Areas England and Wales


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