5.49%
2 year
Discounted Tracker
- Scheme
- Bank of England Base Rate (currently 0.50%, variable) + 4.99% for 2 years (to 31/05/2012) then reverting to Standard Variable Rate (currently 2.50%, variable) + 4.24% for the remaining term to give a current reversion rate of 6.74%
- Overall Cost Comparison
- 6.8% APR
- Early Repayment Charge
- 3% of the amount being repaid until 31/05/2011, then 2% until 31/05/2012.
- Loan to value
- 75% loan to value up to £2,000,000 loan amount.
- Arrangement Fee
- 2.5% 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
- 100% at 8.00%
- Income Required
- £35,000
- Min. Mortgage Term
- 1 years
- Max. Mortgage Term
- 35 years
- Min. Age
- 18
- Max. Age
- 75
- Acceptable Areas
- England, Wales and Scotland.
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