7.04%
3 year
Fixed Rate
- Scheme
- Fixed for 3 years (to 31/12/2011) then reverting to Bank of England Base Rate (currently 2.00%, variable) + 2.25% for the remaining term to give a current reversion rate of 4.25%
- Overall Cost Comparison
- 5.0% APR
- Early Repayment Charge
- 5% of the amount being repaid until 31/12/2011.
- Loan to value
- 75% loan to value up to £500,000 loan amount.
- Arrangement Fee
- 2% of the loan amount is added to the loan at completion.
- Broker Fee
- A broker fee of £497 will apply.
- Repayment Options
- Interest only or Repayment.
- Rent To Interest Cover
- The rental income must exceed 100% of the interest cost calculated at 7.04%.
- Income Required
- £15,000
- Min. Mortgage Term
- 10 years
- Max. Mortgage Term
- 35 years
- Min. Age
- 21
- Max. Age
- No maximum
- Acceptable Areas
- England, Wales, Scotland, Isle of Wight and Northern Ireland.
