Details of the new fixed rate products are as follows:
2 yr fixed rate mortgage
4.55% fixed until 31.01.08 then the Society’s standard variable rate currently 6.49%
The overall cost for comparison is 6.3% APR
Max LTV: 95%
Arrangement fee: £495
Admin fee: £245
Min/Max loan: £25,000/ £500,000
ERC: 3% until 31.01.08
2 yr fixed rate Tracker mortgage
4.19% fixed until 31.01.08 then Bank of England Base Rate, plus 1% currently 5.50%.
The overall cost for comparison is 5.4% APR
Max LTV:95%
Arrangement fee:£495
Admin fee: £245
Min/Max loan: £25,000/ £500,000
ERC: 3% until 31.01.09
3 yr fixed rate mortgage
4.75% fixed until 31.01.09 then the Society’s standard variable rate currently 6.49%.
The overall cost for comparison is 6.2% APR
Max LTV:95%
Arrangement fee:£495
Admin fee:£245
Min/max loan:£25,000/£2,000,000
ERC:3% until 31.01.09
5 yr fixed rate mortgage
4.85% fixed until 31.01.11 then the Society’s standard variable rate currently 6.49%. The overall cost for comparison is 6.0% APR
LTV:95%
Arrangement fee:£495
Admin fee:£245
min/max loan: £25,000/ £2,000,000
ERC:5% until 31.01.11
Details of the new Cashback products are as follows:
6% Cashback and 5 year fixed rate
6.49% fixed until 31.01.11 plus 6% Cashback then the Society’s standard variable rate currently 6.49%
The overall cost for comparison is 6.7% APR
LTV:95%
Arrangement fee:£495
Admin fee: N/A
min/max loan:£25,000/ £2,000,000
ERC:5% until 31.01.11
Details of the new Self Certification product is as follows:
Self certification fixed rate
5.09% fixed until 31.01.09 then the Society’s standard variable rate currently 6.49%
The overall cost for comparison is 6.3% APR
LTV:85%
Arrnagement fee:£495
Admin fee:£245
min/max loan:£35,000/ £500,000
ERC:5% until 31.01.09
