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4.94% fixed until 30 April 2007
5.74% variable after that
The overall cost for comparison is 5.8% APR
- Overpayments of up to 10% allowed each year during the deal period - without charge
- No limit on overpayments once the fixed period ends
- Up to 95% LTV mortgages available
- Daily interest
- New mortgages and remortgages available - interest only, repayment or mixed
- When the deal finishes, customer will pay just 0.99% above the Bank of England rate (currently they'd pay 5.74%) and when the Bank of England rate changes, this rate will change too - by the same amount and always within 5 days
FEES
All fees except legal and valuation fees are added to the mortgage balance.
Remortgage:
Item Charges
Arrangement fee: £399
To transfer money on completion: £25
Other fees: No basic legal or valuation fees - but customer will need to cover cost of any non-standard work
If the borrowing is over 90% of the property value, there is a 'higher lending charge' of 1% of the total borrowing. |
New mortgage:
Item Charges
Arrangement fee: £399
To transfer money on completion: £25
Other fees: The legal and valuation fees for customer
If the borrowing is over 90% of the property value, there is a 'higher lending charge' of 1% of the total borrowing. |
Early repayment charges:
Item Charges
Before end of term: £195 administration fee
Before deal ends: 2% of the amount the customer repays in year 1, 1% until 31/01/07, no charge after that. |
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Great Value
in the short term
Until 31st January 2007 you pay just 4.94%
Great Value
in the long term
Even after your discount ends, you'll pay just 5.74%
When The Bank of England rate changes, these rates change by the same amount
They won't go up or down for any reason |
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WHAT DO I DO NEXT ? 
Your financial advisor will talk you through what is needed and decide is if this is the best deal to suit your needs.
Once the inital decision has been given on your application, we'll need to get a valuation. After that, we can send you a formal offer and get your mortgage
up-and-running.
To start either call a financial advisor on 0845 260 0088 or click here to fill in your details so we can begin the application. |
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