3.99%
2 year
Discounted Tracker
- Scheme
- Lender's Standard Variable Rate (currently 5.99%, variable) discounted by 2% for 2 years then reverting to Standard Variable Rate (currently 5.99%, variable) for the remaining term
- Overall Cost For Comparison
- 6.0% APR
- Early Repayment Charge
- 3% of the amount being repaid for the first year, then 2% until the end of year 2.
- Loan to value
- 70% loan to value between £10,000 and £500,000 loan amount.
- Arrangement Fee
- £1,050 is added to the loan at completion. In addition to this a booking fee of £199 is payable on application.
- Broker Fee
- A broker fee of £497 will apply. (other fee options available)
- Repayment Options
- Interest only and Repayment.
- Rent To Interest Cover
- The rental income must exceed 125% of the interest cost calculated at a rate of 5.99%.
- Income Required
- £20,000
- Min. Mortgage Term
- 5 years
- Max. Mortgage Term
- 40 years
- Min. Age
- 21
- Max. Age
- 80
- Acceptable Areas
- England, Wales, Scotland, Isle of Wight and Northern Ireland.
