Residential Base Rate Tracker Mortgage
Would you like to take advantage of the equity you have built up in your home and pay less each month for your mortgage?
If so let us introduce you to our Base Rate Tracker, which is a Loan to Value Mortgage. With this mortgage you can use the equity in your home to significantly reduce your mortgage repayments!
Our Base Rate Tracker mortgage links the interest rate that you pay to your Loan to Value. The Loan to Value (LTV) is the amount of your mortgage relative to the value of your home. Its simple : the lower the Loan to Value, the lower your interest rate
Why it's so Good
- It's great for homeowners who have built up value in their home.
- Your interest rate will be linked to Northern Bank Base Rate for the full term of the loan. That means this is a deal that lasts for the life of the mortgage.
- There are no tie ins as there are no Early Repayment Charges
- No arrangement fee for Freedom, Choice Plus or Prestige customers
- If you are switching your mortgage from another lender we will give you up to £300 towards legal fees and up to £175 towards valuation fees.
So what are you waiting for? To find out what your new mortgage rate might be click here to access our Base Rate Tracker Calculator or visit your local branch.
The overall cost for comparison is 6.0% APR variable.
Credit facilities are subject to status and applicants must be 18 or over. Lending Terms and Conditions apply. The actual rate available will depend on your circumstances. Minimum Loan amount £30,000. Arrangement fee £799. Available on residential mortgages only
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Read this important information about home loans.