2 year tracker mortgage 103a1
Keeping you on track for a great mortgage deal
If you are buying your first home, moving house or simply want to move your mortgage to us from another lender, this tracker mortgage could be for you.
With this tracker mortgage the interest rate which you pay is linked to the Bank of England Base Rate and your repayments may increase or decrease as the Bank of England Base Rate changes. If you pay off your mortgage during the tracker period (30.11.2012), you will pay an early repayment charge of 3% of the outstanding balance.
If you live within County Durham, Tees Valley or parts of North Yorkshire (as defined by us) you will benefit from a free valuation when you appy for this tracker mortgage, although you will have to pay a mortgage product fee of £499. And because you never know when you might want to, you can make one lump sum repayment of 10% off your mortgage during the tracker period.
If you think this tracker mortgage may be right for you, please read on for more details.
Tracker mortgage 103A1
- Interest rate:
- 2.75% (The Bank of England Base Rate +2.25%) until 30 November 2012, then changing to...
5.95% and remaining on standard variable rate terms for the rest of the mortgage.
The overall cost for comparison is 5.6% APR
- Key features:
- Free valuation for properties within Co Durham, Tees Valley and parts of North Yorkshire (as defined by us).
£499 product fee.
£75 completion fee.
Up to 75% LTV
One lump-sum repayment of up to 10% within the tracker period (30.11.2012). - Incentives:
- Free valuation for properties within Co Durham, Tees Valley and parts of North Yorkshire (as defined by us).
- Fees:
- £499 Product fee.
£75 completion fee. - Insurance:
- No compulsory insurances.
- Eligibility:
- Home mover / remortgage (moving your mortgage from another lender).
- Capital repayments:
- One lump-sum repayment of up to 10% allowed within the tracker period.
- Early repayment charge:
- Early repayment charge of 3% of the outstanding balance until 30.11.2012.
- Portable:
- Yes
- Notes:
- Note for introducers: This product pays a procuration fee of 0.35% of the advance.
