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6.49% 2 Year Fixed Rate until 30/06/2010
| Scheme |
6.49% 2 Year Fixed Rate until 30/06/2010 |
| Scheme Type |
2 Year Fixed Rate of 6.49% until 30/06/2010 then reverting to Bank of England Base Rate (currently 5%, variable) + 2.14% for the remaining term, to give a current reversion rate of 7.14%. |
| Overall Cost Comparison |
7.6% |
| Early Repayment Charge |
5% of the redeaming balance until 30/06/2010 |
| Loan To Value |
85% to £500,000 |
| Arrangement Fee |
2.5% |
| Broker Fee |
£297 |
| Repayment Options |
Interest Only or Repayment |
| Rent To Interest Cover |
120% at 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 Isle of Wight |
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