Fixed rate mortgages give your client the assurance of knowing their interest rate will
stay the same for a set period.
Offset Fixed Rate Mortgage
With our offset fixed rate mortgage, your client can choose to offset
their Intelligent Finance savings and / or current account.
Key features of these mortgages:
No limit on the amount you can offset.
Interest calculated on the basis of daily balances - to give your client a consistently good deal.
Overpayments - your client can make unrestricted overpayments. Bear in mind that if your client
repays their mortgage in full within the fixed rate period, early
repayment charges will apply.
For all remortgages we will pay our own legal fees.
Depending on your clients remortgage choice, we will also refund the standard valuation fee. If we do so, a contribution of £330 will need to be repaid if your clients redeem their mortgage on or before 01.09.10
Portable - your client can carry forward the special rate to a mortgage on a new
property for the remainder of the special rate period.
Product
name
Max loan to value
Initial rate
Then changing for
the remainder of
the term to
The overall
cost for
comparison is
Remortgage Offset fixed 60 until 1 September 2011
60% LTV
6.99% fixed until 01.09.11
7.00%
currently (our offset variable mortgage rate)
Arrangement fee:
£999 | Early repayment charges -
3.00% until 01.09.09, 2.00% until 01.09.10, 2.00% until 01.09.11 on original 'special rate' advance [full redemption] |
Refundable valuation fee | £330 charge if mortgage redeemed before 01.09.10 |
CHAPS Fee: £25
|
Additional Borrowing -
the same as Intelligent Finance's offset variable mortgage rate.
Remortgage Offset fixed 75 until 1 September 2011
75% LTV
7.09% fixed until 01.09.11
7.00%
currently (our offset variable mortgage rate)
Arrangement fee:
£999 | Early repayment charges -
3.00% until 01.09.09, 2.00% until 01.09.10, 2.00% until 01.09.11 on original 'special rate' advance [full redemption] |
Refundable valuation fee | £330 charge if mortgage redeemed before 01.09.10 |
CHAPS Fee: £25
|
Additional Borrowing -
the same as Intelligent Finance's offset variable mortgage rate.
Remortgage Offset fixed 90 until 1 September 2011
90% LTV
7.19% fixed until 01.09.11
7.00%
currently (our offset variable mortgage rate)
Arrangement fee:
£1499 | Early repayment charges -
3.00% until 01.09.09, 2.00% until 01.09.10, 2.00% until 01.09.11 on original 'special rate' advance [full redemption] |
Non-refundable valuation fee |
CHAPS Fee: £25
|
Additional Borrowing -
the same as Intelligent Finance's offset variable mortgage rate.
