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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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