Reliance Bank

Reliance Bank Limited

Phone: +44 (0) 20 73985400
Fax: +44 (0) 20 73985401

2 Year Tracker Rate Mortgage

Interest Rate
3.8% APR
For the first two years of your mortgage we offer 2.25% above Reliance Bank Base rate, (0.50%). Then changing to our Home Mortgage Rate for the rest of the mortgage term, currently 3.75%
Overall cost for comparison 3.8% APR
No arrangement fee
Free standard mortgage valuation up to £250 (this is only available to new customers)
First Time Buyers Only - applications for loans in excess of 75% Loan to Value may be considered
For residential house purchases the maximum loan is 75% of the value of the property. Minimum deposit 25%
For lending between £250,000 and £500,000 the minimum deposit is 30%
In the event of the mortgage being repaid in full in the first year, a 2% penalty of the amount repaid is payable.
Each year you have the option of making an overpayment up to 10% of the outstanding balance (min £1,000). An administration fee of £25 will be charged per partial payment.


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