Details of the new fixed rate products are as follows:
Interest Rate Maximum Loan to Value
(See note 1) Arrangement Fee (See Note 2) Administration Fee (See Note 3) Min/Max Loan Early Repayment Charge
(See note 4)
4.79% fixed until 31.05.07 then the Society’s standard variable rate currently 6.74%
The overall cost for comparison is
6.7%
APR 95% £395 £245 £25,000/
£500,000 3% until
31.05.07
4.99% fixed until 31.05.08 then the Society’s standard variable rate currently 6.74%
The overall cost for comparison is
6.6%
APR 95% £395 £245 £25,000/
£1,000,000 3% until
31.05.08
5.19% fixed until 31.05.10 then the Society’s standard variable rate currently 6.74%
The overall cost for comparison is
6.4% APR 95% £395 £245 £25,000/
£1,000,000 5% until
31.05.10
Details of the new 2-year Discount Self certification product are as follows:
Interest Rate Discount Rate and Period Maximum Loan to Value (See Note 1)
Arrangement Fee (See Note 2) Administration Fee (See Note 3) Min/Max Loan Early Repayment Charge (See Note 5)
5.49% for the first two years and then the Society’s standard variable rate currently 6.74%
The overall cost for comparison is
6.9% APR 1.25% for the first two years 95% £395 £245 £25,000/
£500,000 5% in year one and 4% in year two
Your home may be repossessed if you do not keep up repayments on your mortgage.
