The first loan, for purchase only, offers a two year fixed rate of 4.79% with an option of 10% lump sum payments p.a., without incurring an early repayment charge. The arrangement fee has been reduced from £449 to £349.
- Fixed rate of 4.79% until 30 April 2007, reverting to Clydesdale Bank’s SVR currently 6.84% variable for the remainder of the term
- The overall cost for comparison is 6.7% APR
- Maximum LTV: 85% (minimum £150,000, maximum £2m)
- Arrangement fee: £349
- Early Repayment Charges: 3% in year one
2% in year two
- Other: Capital repayments are allowed, up to
10% p.a. without penalty
The second loan, for remortgage purposes, is a two year fixed rate of 4.89% with no valuation and legal fees. It also allows 10% lump sum payments p.a., without an early repayment charge.
- Fixed rate of 4.89% until 30 April 2007, reverting to Clydesdale Bank’s SVR of 6.84% variable for the remainder of the term
- The overall cost for comparison is 6.7% APR
- Maximum LTV: 85% (minimum £150,000, maximum
£2m
- Arrangement fee: £349
- Early Repayment Charges: 3% in year one
2% in year two
- Other: Free valuation
Legal fees are also free
Capital repayments are allowed, up to 10% p.a. without penalty
The Legal & General Mortgage Club is one of the UK’s largest mortgage distribution networks. Its size enables the Club to negotiate a series of one-off exclusive deals from leading mortgage lenders for members.
