The overall cost for comparison is 7.3 per cent APR. It is only available to Cheshire members and their families, demonstrating the benefits of being a member of the Cheshire in a tangible way.
The 6.49 per cent two-year fixed rate family value mortgage is offered with a maximum loan to value of 90 per cent and three months free mortgage care. The minimum loan for a house purchase or remortgage is £25,000, and £30,000 for a first time buyer.
During the two-year fixed rate period, overpayments of £5,000 per 12-month period can be made penalty free. Thereafter, if the mortgage is repaid in full or in part, there is an early repayment charge of five per cent in the first year and four per cent in year two.
