3 Year Tracker Mortgage
| Product | Fee | Initial rate | Then changing to | The overall rate for comparison |
|---|---|---|---|---|
| 3.00% above the Bank of England base rate (variable) currently 0.50% | £0 | 3.50% variable for 3 years | Standard variable rate, currently 5.19% | 4.9% APR |
Interest rates applicable from 19 March 2012
Benefits
- 3 year tracker mortgage directly linked to the Bank of England base rate.
- During the product period, no early repayment charge will be incurred in respect of capital repayments of up to 10%, calculated on the original transfer amount, made in any 12 month period (from the date of transfer).
Points to note
- Maximum loan to value 90% (including any fees added to the loan).
- Maximum loan to value for capital raising 75% (including any fees added to the loan).
- Minimum loan £20,000
- Maximum loan £500,000
- An early repayment charge of 3% applies within the first 3 years
- Sealing fee/administration fee on redemption, as stated on your original mortgage offer and will be a maximum of £175.
- During the tracker period, the interest rate will not fall below 3.50%.
Other important information
Click to read our terms and conditions
Available for
Existing borrowers for product transfer purposes, re-arrangement, Speedtrack and Further Advance applications.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage
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