Home Mortgage Variable Rate - '(with effect from 1 March 2010)'

Do you prefer a mortgage without any tie in? Then this product could be the perfect choice for you!

Features & Benefits

• 3.75% variable rate
• Overall cost for comparison 3.8% APR
• No arrangement fee
• Free standard mortgage valuation up to £250
• No completion fee
• First Time Buyers Only - application for loans in excess of 75 % Loan to Value may be considered
• In the event of the mortgage being repaid in full within the first 12 months an early repayment charge of £250 is applied
• Each year you have the option of making an overpayment of up to 10% of your outstanding mortgage balance (min £1000). The cost of this is a fee of 2% of the amount you wish to repay
• Minimum Loan £50,000
• For residential house purchases the maximum loan is 75% of the value of the property. Minimum deposit 25%

APR – stands for Annual Percentage Rate, and this is calculated not only from the interest rate quoted for the loan, but also takes account of any charges, product fees and the overall term of repayment.

The APR is calculated in the same way by all mortgage lenders, and this allows you to compare the costs of different mortgages from different providers.

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

Try Our Loan Calculator

For additional information click [here]

Interested?.... call us on 020 7398 5440 or alternatively print all of the documents listed below.

Reliance Bank reserves the right to withdraw products or amend rates accordingly at any time. Our website is updated and monitored on a daily basis.