5.25%
Loan Term
Tracker
- Scheme
- Bank of England Base Rate (currently 0.50%, variable) + 4.75 for loan term
- Overall Cost Comparison
- 5.6% APR
- Early Repayment Charge
- 3% of the amount being repaid for the first 4 years from drawdown.
- Loan to value
- 75% loan to value up to £375,000 loan amount.
- Arrangement Fee
- 2% of the loan amount is due on 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 125% of the interest cost calculated at a rate of 6.25%.
- Income Required
- £35,000
- Min. Mortgage Term
- 5 years
- Max. Mortgage Term
- 25 years
- Min. Age
- 18
- Max. Age
- 65
- Acceptable Areas
- England and Wales.
