2 year tracker
Your home may be repossessed if you
do not keep up repayments on your mortgage
2 year tracker (ref: var4524)
| Initial Rate | 2.94% (Tracks +2.44% above NatWest Bank Base Rate ) |
|---|---|
| Option to switch to fixed rate | from three months after completion |
| Initial rate expires | 31/12/2011 |
| Rate thereafter | 4% |
| Overall cost for comparison | 4.0% APR |
| Product fee | £999 |
| Option to add product fee to mortgage | Yes |
| Eligibility |
New NatWest mortgage customers (including first time buyers) purchasing a house. Existing NatWest mortgage customers moving home. Exclusive to: Private, Business and Advantage Gold customers Interest Only Repayment is allowed up to 75% LTV. For 75-80% LTV applicants the repayment method must be Capital & Interest Repayment. |
| Minimum deposit | 20% |
| Minimum loan amount | £50,000 |
| Early repayment charge | 3% until 31/12/2011 |
| Free standard valuation | N/A |
| Legal fees paid | N/A |
| Cashback | N/A |
| Overpayments permitted | 10% of outstanding mortgage balance each year without extra charge |
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