Tracker Rate Mortgage - '(with effect from 1st October 2011)'

Do you prefer a mortgage with an interest rate that follows Reliance Bank Base rate?

Features & Benefits

• 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.

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.