Key features of this fixed rate product are:
- 4.99% fixed until 31 December 2007
- Followed by +0.75% above Bank of England Base Rate for the term
- Free valuation
- Free legal fees for remortgagors
- Daily interest
- £199 booking fee
- £350 arrangement fee
- Early redemption charges of 2.50% of balance repaid to 31 December 2007
- Option to pay 5.00% per annum without penalty
The new product is available to borrowers who want to combine their mortgage and savings to benefit from this type of mortgage.
