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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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