Residential Mortgages Contract - Base Rate Tracker

In a nutshell:

A Lifetime Tracker mortgage available in Sterling linked to Bank of England Base Rate

Suitable for:

Any one of the following categories wishing to purchase or remortgage a UK residential property for their own use or occupation by their immediate family or indeed wishing to release equity in their property for any legitimate purpose:

• UK resident / Non UK domiciled
• UK resident / Not Ordinarily Resident (NOR) for UK tax purposes
• Non UK resident (either a UK expatriate or a foreign national residing outside the UK)
• UK resident / UK domicile (in certain circumstances).
  

Key features:

• Minimum loan of £250,000.  
• Borrow up to 80% of the professional valuation of the property or purchase price, whichever is lower.
• New Build properties, however, will be restricted to a maximum 75% of the professional valuation of the property or the purchase price, whichever is the lower.
• Option to repay your mortgage early. 
• Choice of interest only or repayment options.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Bank of England Base Rate (BBR) is currently 2.00%* (correct at 4th December 2008)

An Early Repayment Charge equivalent to 3% of the outstanding balance will apply if the mortgage is repaid within the first year + £150 administration fee. Thereafter, a £150 administration fee will apply.

Please contact us if the Mortgage amount exceeds £2,000,000 or the Loan to Value ('LTV') is below 70% as preferential pricing may be available.

Rates and fees quoted are correct at 4th December 2008. Terms and conditions apply. The actual rate available will depend upon your circumstances. Please ask for a personalised illustration.

Call +44 (0)1624 644080 for more information.