The products, a three-year tracker and a two-year fix, are available for house purchase and remortgages.
Details are as follows:
Three-year tracker
- Fixed until 30 April 2011
- Bank of England base rate +0.39 per cent
- 75 per cent loan to value
- Arrangement fee of £995
- Minimum/maximum loan size £30k to £500k
- Early repayment charge of 4 per cent in year one and year two only
- Rate of 5.49 per cent until 30 April 2010
- 85 per cent loan to value
- Arrangement fee of £1,495
- Minimum / maximum loan size £30k to £500k
- Early repayment charge of 4 per cent in year one and year two
"In addition, the 3 Year Tracker product only has early repayment charges for the first two years, which provides an additional benefit of a guarantee of a competitive tracker rate, but with the option to switch to a fix without incurring any early repayment charges in the third year."
