2
Year Fixed Rate Mortgage - '(with effect from 1 July 2010)'
Do you prefer
a mortgage where your payments will not change for the next two years?
Yes….. then this product could be for you.
Features & Benefits
3.99% fixed until 31.03.2013 changing to our Home
Mortgage rate for the rest of the mortgage term which is currently 3.75%. The
overall cost for comparison is 3.9% APR
No arrangement fee
Free standard valuation up to £250
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%
In the event of the mortgage being repaid in full
during the fixed rate period, an early repayment charge of 1% of the
initial loan amount applies
Minimum loan £50,000
Limited funds available - apply now!
Not available to existing Reliance Bank mortgage
borrowers unless moving
After 31.03.2013 you have the option of making an
overpayment up to 10% of the outstanding balance (min. £1,000). The cost
of this is a fee of 2% of the overpayment.
Additional features of all Reliance Bank Mortgages
Interest is calculated daily
No higher lending charge
Don’t have to bank with Reliance Bank to apply
Personal service and management through to completion
Try our mortgage calculator to give you an idea of your
monthly repayments