The initial rate of 3.34 per cent is a discount of 2.4 per cent, which is followed by discounts of 1.4 per cent and 0.4 per cent in the following two years.
The maximum loan size is £300,000 and loans are available up to 80 per cent loan to value (LTV), although loans are available up to 95 per cent LTV to £150,000.
Redemption penalties are calculated at three per cent of the amount repaid in year one, two per cent in year two and one per cent in year three.
Introducers will earn a procuration fee of 0.5 per cent.
