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 mortgage
Initial rate	5.79 %
Initial rate expires on	31st July 2014
Rate thereafter	Standard Variable Rate, currently 4.95%
Overall cost for comparison	5.4 % APR
Maximum loan to value	80% for capital and interest mortgages 70% for interest only mortgages
Arrangement fee	£ 999
Valuation fee	None for existing mortgage customers None if you switch your mortgage from another lender and use our valuation panel for a standard valuation
Legal fees	None for existing mortgage customers None if you switch your mortgage from another lender and use our solicitors
Option to add arrangement, valuation and legal fees 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 offers	No legal or valuation fees when you switch to us
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 and buying a second home. 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 5450 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%.