Abbey 2yr 5.77% Fxd R/M C/B LTV 70% Direct only Ex/c Mortgage Features & Benefits
| Feature / Benefit | Summary | Details | |||
|---|---|---|---|---|---|
| Application Criteria: | |||||
| Minimum Deposit | 30% | 30% | |||
| Rates: | |||||
| Initial Rate APR | 5.77% | 5.77% | |||
| Fixed Rate End Date | 02 Aug 2010 | 02/08/2010 | |||
| Fixed Rate Term | 24 months | 24 | |||
| Minimum Rate | 1% | Minimum rate payable of 1.00% for reverting rate. | |||
| Minimum Rate End Date | term | Minimum rate payable for term. | |||
| Frequency of Interest Calculations | daily | Interest is calculated daily. | |||
| Tie-in Period After Rate | 0 | No tie-in period. | |||
| Suitability: | |||||
| Repayment Mortgage | yes | Yes | |||
| Interest Only Mortgage | yes | Yes | |||
| Endowment Mortgage | yes | Yes | |||
| Maximum Loan | £550,000 | The maximum loan is £550000. | |||
| Remortgage | yes | This product is available to remortgages. | |||
| Remortgage Max LTV | 70% | The maximum loan to value for remortgage is 70% LTV 70% to £550,000 | |||
| First Time Buyers | no | This product is not available to first time buyers. | |||
| Existing Borrowers Moving Home | no | This product is not available to existing borrowers moving home. | |||
| Existing Borrowers Not Moving Home | no | This product is not available to existing borrowers not moving home. | |||
| Homemover | no | This product is not available to homemovers. | |||
| Shared Ownership | yes | This product is available for shared ownership. | |||
| Restrictions: | |||||
| Maximum Term | 35 years | 35 years. | |||
| Minimum Term | 5 years | 5 years. | |||
| Incentives: | |||||
| Legal Fees Contribution | no | No legal fees incentive offered | |||
| No Higher Lending Charge | yes | No higher lending charge is payable. | |||
| Facilities: | |||||
| Portable Mortgage | yes | This product is portable. | |||
| Flexible Payments | no | There are no flexible options available. | |||
| Overpayments Available | yes | Up to and including 10% of the loan may be repaid each year without penalty. | |||
| Payment Holiday | no | Payment holidays are not available. | |||
| Fees & Charges: | |||||
| Application Fee £ | £999 | £999 booking fee payable. | |||
| Application Fee Added to Loan | yes | The booking fee can be added to the loan. | |||
| Early Repayment Charge | yes | An early repayment charge is payable. | |||
| Early Repayment Charge Amount | 3% + incentives | ERC - 3% of outstanding balance until 02/08/2010 + £250 cashback in conjunction with the Remortgage Solution package until 02/05/2010. | |||






