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6.59% Lifetime Tracker Rate, variable

Scheme 6.59% Lifetime Tracker Rate, variable
Scheme Type Bank of England Base Rate (currently 5%, variable) + 1.59% for the loan term, to give a current reversion rate of 6.59%. Remortgage Only Product - Free legal and valuation service.
Overall Cost Comparison 7%
Early Repayment Charge 6 months interest at the interest charging rate for 3 years
Loan To Value 75% to £1,000,000
Arrangement Fee 1.5% minimum £1500
Broker Fee £297
Repayment Options Interest Only or Repayment
Rent To Interest Cover 120% at product rate
Income Required £20,000
Minimum Mortgage Term 5 Years
Maximum Mortgage Term 25 Years
Minimum Age 21
Maximum Age No Maximum
Acceptable Areas England, Wales, Scotland, Northern Ireland and Isle of Wight


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