Mortgage Rates Update September 2009
HEADLINE RESIDENTIAL RATES
LOWEST 85%LTV 2 YEAR BASE RATE TRACKER – AVAILABLE FOR FIRST TIME BUYERS
4.99% Bank Base Rate plus 4.49%until 30/11/2011
then Bank of England Base Rate +3.00% for the life of the loan (currently 3.5%)
The overall cost for comparison is 3.9% APR
Early Repayment Charges
· 3% of the original loan if the mortgage is repaid before 30/11/2010
· 2% of the original loan if the mortgage is repaid before 30/11/2011
Product Fee
£999 added to the advance
LOWEST 85%LTV 3 YEAR FIXED RATE – AVAILABLE FOR FIRST TIME BUYERS
5.99% Fixed until 30/11/2012
then the lenders Standard Variable Rate currently 4.99%
The overall cost for comparison is 5.5% APR
Early Repayment Charges
· Before 30/11/2012 = 3% of the amount borrowed
Product Fee
£995 added to the advance
LOWEST 75%LTV 2 YEAR TRACKER
3.29% Bank Base Rate Plus 2.79% for 24 months
then the lenders Standard Variable Rate currently 4.24%
The overall cost for comparison is 4.3% APR
Early Repayment Charges
· Before 30/09/2011 = 2% of the amount borrowed
Product Fee
£995 added to the advance
LOWEST 75%LTV 2 YEAR FIXED 
4.48% Fixed until 30/11/2011
then the lenders Standard Variable Rate currently 4.99%
The overall cost for comparison is 5.2% APR
Early Repayment Charges
· Before 30/11/2011 = 3% of the amount borrowed
Product Fee
£750 added to the advance
Buy To Let
LOWEST 75%LTV 1 YEARTRACKER - Purchase Only
4.35% Bank of England Base Rate +3.85% for 12 Months
then Bank of England Base Rate +4.19% for the life of the loan (currently 3.5%)
The overall cost for comparison is 5.1% APR
Early Repayment Charges
· Within 12 Month Period = 3% of the amount borrowed
Product Fee
3% of the loan amount added to the advance
LOWEST 75%LTV 3 YEAR FIXED RATE – Purchase & Re-mortgage
· 5.4% Fixed until 01/12/2011
then Bank of England Base Rate +3.49% for the life of the loan (currently 3.99%)
The overall cost for comparison is 4.5% APR
Early Repayment Charges
· Before 01/12/2011 = 3% of the amount borrowed
Product Fee
2.5% of the loan amount added to the advance
