Reliance Bank Limited
Phone: +44 (0) 20 73985400
Fax: +44 (0) 20 73985401
Email: info@reliancebankltd.com
Name
5 Year Tracker Rate Mortgage
Category
Interest Rate
2.8% APR
Details
For the first five years of your mortgage we offer 1.99% above Reliance Bank Base rate, (0.50%). Then changing to our Standard Variable Rate, currently 2.75% for the rest of the mortgage term.
Overall cost for comparison 2.8% APR
No arrangement fee
Free standard mortgage valuation up to £250 (this is only available to new customers)
Loan to Value is 50% or less
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.
Overall cost for comparison 2.8% APR
No arrangement fee
Free standard mortgage valuation up to £250 (this is only available to new customers)
Loan to Value is 50% or less
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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