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6.59% 3 Year Fixed Rate until 30/07/2011

Scheme 6.59% 3 Year Fixed Rate until 30/07/2011
Scheme Type 3 year fixed rate of 6.59% then reverting to the lender's Standard Variable Rate (currently 7.39%, variable), to give a current reversion rate of 7.39%.
Overall Cost Comparison 7.6%
Early Repayment Charge 4% of redeeming balance to 31/07/09, 3% to 31/07/10 and 2% to 31/07/11
Loan To Value 80% to £500,000
Arrangement Fee £999 for loans up to £250,000 and 0.5% fee for loans up to £500,000
Broker Fee £297
Repayment Options Interest Only or Repayment
Rent To Interest Cover 130% at the product rate
Income Required £20,000
Minimum Mortgage Term 5 Years
Maximum Mortgage Term 40 Years
Minimum Age 18
Maximum Age 85
Acceptable Areas England, Wales, Scotland, Northern Ireland and Isle of Wight


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