This becomes available on Wednesday 1 September.
Key features of this highly competitive product are:
- 0.85% above Bank of England Base Rate until 31 December 2009
- Rate capped at 5.89% until 31 December 2009
- Current applied rate 5.60%
- No minimum rate payable
- Free valuation
- £150 arrangement fee (waived for remortgagors)
- Discounted legal fees for remortgagors
- £199 booking fee
- Option to repay 5% pa without penalty
- Early redemption charges: 5.00% of balance to 31 12 05; 4% of balance to 31 12 09
