Lender Telephone Rate Period Discount Max LTV Incentive Advance Fee Comp Proc Redemption Income Indemnity
HP remtg ins fee penalty multiples added
Fixed rates with no redemption tie-in
Britannia BS 0845 842 9429 4.24% 2 yrs – 95% 95% Free U for 1 yr & advs to 90%, – £295 – – 1st 2 yrs: 3.5+1, 2.75j Yes
no MIP. Remtgs disct legal fees 180 days1
GMAC Res Funding 01344 477 477 4.45% 1.3.04 – 95% 95% Advs up to 90%, no MIP Min £395 – Refer To 1.3.04: 5%2 3+1, 2.75j Max
£25K 97.5%
Portman BS 01202 563 502 4.99% 1.3.05 – 95% 95% Advs up to 90%, no MIP £15K £300 – 0.25% To 1.3.05:3%2 3.25+1, 2.75j Yes
-£500K
Britannia BS 0845 842 9429 5.29% 5 yrs – 95% 95% Free U for 1 yr & advs to 90%, no – £295 – – 1st 5 yrs: 180/150/ 3.5+1, 2.75j Yes
MIP. Remtgs discounted legal fees 120/90/60 days1
Fixed rates with redemption tie-in
Northern Rock 0870 241 3088 2.29% 1.4.04 – 75% 75% Free A for 6 mths. HP – £495 – £100 1st 6 yrs: 4/8/6/4 3.5+1, 2.75j N/A
£500 rebate or /2/1%2 & 1st 3
rebate reclaimed yrs: remtgs £1K
rebate
Portman BS 01202 563502 2.35% 1.3.04 – 95% 95% Advs up to 90%, no MIP. Remtgs £15.5K £300 – 0.25% To 1.3.08: 6/6/6 3.25+1, 2.75j Yes
max 75% free valn, FLF -£500K /5/4/3%2
West Bromwich BS 0161 236 2413 4.59% 28.2.05 – 95% 95% Advs up to 90%, no MIP £25K £295 B 0.35% To 28.2.07: 3%2 3.5+1, 2.75j Max
-£500K 95%
Norwich & P’boro BS 01733 362636 4.78% 3 yrs – 95% 95% – – £295 – 0.25% 1st 5 yrs: 6 mths1 3.25+1, 2.6j Yes
Capped rates
Northern Rock 0870 241 3088 5.09% 1.4.04 – 90% 90% Flex opt, no MIP, free A for – £395 – £100 To 1.4.04: 2% of 3.5+1, 2.75j N/A
6 mths. HP £500 adv & 1st 3 yrs:
rebate, remtgs £1K rebate rebate reclaimed
National Counties BS 01372 744155 5.74% 1.4.04 – 80% N/A Rate currently 4.24% to 1.4.04 – £100 – 0.20% To 1.4.04: 3%2 3.33, 3.5j N/A
(1.50% discount). No MIP
Leeds & Holbeck BS 0800 072 5726 5.14% 1.4.05 – 95% 95% Free ASU for 6 mths & advs – £299 B+C £125 To 1.4.05: 3.25+1, 2.5j Max
up to 90%, no MIP 6/5/4mths1 95%
Scarborough BS 0870 513 3149 5.45% 5 yrs – 95% 90% Refund of valn, £250 rebate & Min £295 – £150 1st 5 yrs: 5%2 3+1, 2.5j Max
advs up to 90%, no MIP £25K 95%
First-time buyers (variable unless shown)
Britannia BS 0845 842 9429 3.49% 2 yrs 2.40% 95% Free U for 1 yr & advs up to – £295 – – No penalty 3.5+1, 2.75j Yes
90%, no MIP
Woolwich 020 8301 7089 3.59% 2 yrs 2.36% 95% Flex opt & current a/c facility. – £295 – Refer 1st 2 yrs: 3.25+1, 2.50j Max
Advs up to 90%, no MIP 6 mths1 97%
Staffordshire BS 01902 317301 3.99% 3 yrs 1.75% 95% Free A for 6 mths, free valn & Max £195 B+C 0.25% 1st 3 yrs: 5%2 3+1, 2.5j Yes
advs up to 90%, no MIP £200K
Principality BS 0800 454478 4.50% 28.2.07 1.05% 95% £250 rebate & advs up to – – B+C 0.35% To 28.2.07: rebate 3.5+1, 2.5j No
90%, no MIP reclaimed
Variable rates
Intelligent Finance 0845 601 4343 3.35% 3 mths 1.50% 95% 95% Rate reverts 4.85%. Flex opt & Min – – 0.35% No penalty Ability N/A
offset facility. Refund valn & no £25K to pay
MIP. HP £200 or remtgs FLF
Scarborough BS 0870 513 3149 4.65% term 1.34% 95% 90% Flex opt, refund valn & advs Min – – £150 No penalty 3+1, 2.5j Max 95%
up to 90%, no MIP. £25K
Hinckley & Rugby BS 0800 774499 4.59% term – 80% 80% Flex opt, £300 rebate, free valn, Min – – – No penalty 3+1, 2.5j N/A
free A for 6 mths & no MIP £25K
Woolwich 020 8301 7089 4.75% term – 95% 90% Flex opt & offset facility. – – – Refer No penalty 3.75+1, 2.65j Max
Advs up to 90%, no MIP 97%
Self-certification rates (variable unless shown)
Pink Home Loans 0870 759 0136 4.45% 2 yrs 1.55% 90% 80% Flex opt & no MIP Min £325 – 0.5% 1st 2 yrs: 3.25+1, 2.75j N/A
Funded by M’ Express £25K 6mths1
Northern Rock 0870 241 3088 5.19%F 1.4.05 – 75% 75% Flex opt, free A for 6 Min £395 – £100 To 1.4.05: 2% of 3.5+1, 2.75j N/A
mths, HP £500 rebate £75K adv & 1st 3 yrs:
or remtgs £1K rebate reclaimed
Bristol & West 0117 943 7755 4.50% 3 yrs 1.25% 75% 75% Free valn, HP £300 £25K – – 0.5% 1st 4 yrs: 3.5+1, 2.75j N/A
for costs or remtgs FLF -£500K 5/5/4/4%2
Verso 0845 840 3020 4.98% term – 85% 85% Flex opt £25K £325 – 0.35% No penalty 3.5+1, 2.75j Yes
-£500K
Comps in ‘ Insurances to be arranged through lender; A ‘ Accident sickness & unemployment insurance; B ‘ Building insurance; C ‘ Contents insurance; U ‘ Unemployment insurance; LTV ‘ Loan to value; F ‘ Fixed rate; FLF ‘ Free legal fees; HP ‘ home purchase; MIP ‘ Mortgage indemnity premium (high lending fee); Proc fee ‘ Fee paid to professional introducers and may be a minimum or maximum fee. Incentives of FLF may only be available through lenders’ nominated solicitor; S/E ‘ self-employed, BBR ‘ Base Bank Rate, 1 ‘ interest, 2 ‘ of sum repaid
Source: Moneyfacts as at 31/01/02
