The existing two and three-year fixed-rate mortgage products have been withdrawn.
Speaking about the new products Jeremy Hicks, PR Controller said “With M-Day fast approaching, these competitively priced products will become even more attractive when lenders not ready for regulation adjust their pricing to reduce the flow of applications. We’re delighted to be ready and are keen to do business.”
Details of the new two-year fixed-rate are as follows:
- Fixed at 4.94% (6.7% APR) until 31.10.06
- Maximum loan to value of 95% 1
- Arrangement fee of £3952
- Administration fee of £2453
- Minimum loan is £25,000 and the maximum is £350,000
- There is an early repayment charge of 3% until 31.10.064
- There are Free Legal Fees or £200 contribution +5
Details of the new 3-year fixed-rate product are as follows:
- Fixed at 5.24% (6.7% APR) until 31.10.07
- Maximum loan to value of 95% 1
- Arrangement fee of £3952
- Administration fee of £2453
- Minimum loan is £25,000 and the maximum is £1,000,000
- There is an early repayment charge of 3% until 31.10.064
- There are Free Legal Fees or £200 contribution +5
