Residential fixed rate - 5 years Capital and Interest BO1401

For loans up to 65% of property value

Product name	Residential fixed rate - 5 years Capital and Interest BO1401
Initial rate	4.45%
Initial rate expires on	31st January 2030
Rate thereafter	Standard Variable Rate, currently 8.24%
Overall cost for comparison	6.80% APRC
Product fee	£999
Option to add product fees to mortgage	The product fee can be added to the loan, unless it takes a residential loan over 95% LTV or a BTL loan over 80% LTV.
Legal and Valuation Fees	Purchases: No Incentives Re-mortgages: Free valuation and free legal fees (if using bank's own solicitors)
Eligibility	Applicants must be aged 18 or over. All loans are subject to status. Security will be required
Maximum loan amount	£499,999
Maximum loan to value	65%
Minimum loan amount	£80000
Early repayment charge	5% in years one and two 4% in year three 3% in year four 2% in year five
Special offers	Purchase: None Remortgage: One free valuation for properties up to £3m.
Overpayment permitted	Yes, up to 10% of outstanding loan each year without penalty. After the fixed period you can make over payments without any restrictions.
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