There is a three-year fixed rate which runs until 1 June 2005, with an initial rate of 4.74 per cent up to 90 per cent loan-to-value (LTV), and 5.24 per cent up to 95 per cent LTV. There are no extended redemption penalties, and 10 per cent capital repayments are allowed each year.
The five-year fix has an initial rate of 5.99 per cent until 1 June 2007 up to 90 per cent LTV, or 6.39 per cent up to 95 per cent LTV. There are no redemption penalties at any time and no fees.
A further three-year fix is available up to 100 per cent LTV with an initial rate of 5.99 per cent until 1 June 2005. Early repayment charges are charged at six months interest at the standard variable rate until the end of the fixed period.
