5 Year Fixed Rate Mortgage
| Product | Booking Fee | Application Fee | Initial rate | Then changing to | The overall rate for comparison |
|---|---|---|---|---|---|
| 5 Year Fixed Rate (up to 85% LTV) | £100 (non refundable) | £895 | 4.79% Fixed until 31 August 2017 | Standard variable rate, currently 5.19% | 5.3% APR |
Interest rate applicable from 4 May 2012
Benefits
- Peace of mind with a fixed rate for 5 years
- During the product period, no early repayment charge will be incurred in respect of capital repayments of up to 10% of the original loan amount, made in any twelve month period, from the date of completion.
- Cashback £250. Payable to Solicitor on completion.
Points to note
- Completion must take place on or before 31 August 2012
- An early repayment charge of 2% applies until 31 August 2017
- 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
- Maximum loan £500,000
- Sealing fee/administration fee on redemption of mortgage is £125
- Houses within England or Wales are acceptable property types
- Unacceptable property types are flats, maisonettes and houses converted into flats
Other important information
Click to read our terms and conditions
Available for
- Purchase or remortgage of main residential property.
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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