Mortgage details: Term tracker rate at 3.88%.
The Overall Cost for Comparison: 4.1% APR.**
Early Repayment Charges: 1% in year one.
Maximum Loan to Value: 70% – Arrangement fee: £1,895
Minimum Loan £25, 000 – Maximum loan – £500,000
Compulsory Insurances: None – Interest Charged: Daily
Low term tracker rate with limited early repayment charges. Mortgages available up to £10 million, although the arrangement fees are more expensive.
For mortgages between £500,000 and £1 million, the arrangement fee is £3,195. Mortgages over £1 million and under £1.5 million the fee is 0.5%. For mortgages between £1.5 million and £10 million the fee increases to 1%.
Current account - You will need to open one of the lenders current accounts to service the mortgage repayments.
Last updated: May 17, 2013