Mortgage details: Term-tracker rate at 2.80%
The Overall Cost for Comparison: 2.9% APR
Early Repayment Charges: 1% in year one
Maximum Loan to Value: 75% - Arrangement fee: £1,295
Minimum Loan £150, 000 - Maximum loan £500,000
Compulsory Insurances: None - Interest Charged: Daily
Mortgage Incentives:
For mortgages over £500,000 the maximum ltv lowers to 70% and the arrangement fee increases to £2,495.
For mortgages over £1,000,000 the arrangement fee increases to 0.5% of the loan amount.
You will also need to open a current account to service the mortgage repayments.
