3 Year Tracker Mortgage
| Product | Booking Fee | Application Fee | Initial rate | Then changing to |
The overall rate for comparison |
|---|---|---|---|---|---|
| 3.00% above the Bank of England base rate (variable) currently 0.50% | £100 (non refundable) |
£895 | 3.50% variable for 3 years | Standard variable rate, currently 5.19% |
5.1% APR
|
Interest rate applicable from 19 March 2012
Benefits
- 3 year Tracker Mortgage directly linked to the Bank of England base rate.
- Cashback £250. Paid to Solicitor on completion.
- During the product period, no early repayment charge will be incurred in respect of capital repayments of up to 10%, calculated on the original loan amount, made in any 12 month period (from the date of completion).
Points to note
- Maximum loan to value 85% (including any fees added to the loan).
- Maximum loan to value for capital raising 75% (including any fees added to the loan)
- Minimum loan £30,000
- Minimum Purchase Price/property valuation £100,000
- Maximum loan £500,000
- An early repayment charge of 2% applies within the first 3 years
- Sealing fee/administration fee on redemption of mortgage is £125
- 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
- The purchase or remortgage of main residential property only
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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