2 year fixed rate mortgage

Fixed rate mortgages give you the peace of mind that your mortgage payments won’t change during the fixed rate period – no matter what happens to interest rates

Mortgage name	2 year fixed rate Investment Housing Loan
Initial rate	5.29 %
Initial rate expires on	31st July 2014
Rate thereafter	Offset Variable Investment Housing Loan Rate, currently 5.35 %
Overall cost for comparison	5.7 % APR
Maximum loan to value	80%
Arrangement fee	£ 999
Option to add arrangement fee to mortgage	Yes (but be aware that if the total amount borrowed including fees exceeds the loan to value above, a higher interest rate will apply)
Special features	At the end of the fixed rate period, additional payments or increased monthly payments may be made without charge
Early repayment charge	3% in year 1 2% in year 2
Eligibility	Applicants must be aged 18 or over. All loans are subject to status. Security will be required
How to apply	To arrange an appointment with a mortgage adviser: Call us on 0845 602 6198 Enquire online Find your nearest branch

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Written quotations are available on request

The maximum Loan to Value (LTV) for interest only where the repayment strategies meet the Bank’s criteria and can be evidenced is 75%. If the repayment vehicle is either cash savings or downsizing, the maximum LTV will be 50%.