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Abbey For Intermediaries – Newbuy 7-Year Fixed Rate

Abbey For Intermediaries – Newbuy 7-Year Fixed Rate

Type: Fixed-rate mortgage for the NewBuy scheme

Fixed term: Until July 2, 2019

Fixed rate: 5.99%

Minimum loan: £6,000

Maximum loan: Up to 95% of valuation subject to a maximum of £475,000

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% allowed without penalty in the fixed-rate period subject to a £500 minimum, free valuation, £250 cashback, available only to intermediaries nominated by Barratt Homes (David Wilson Homes and Ward Homes), Berkeley (St George, St James and St Edward, Bovis Homes. Persimmon (Charles Church and Westbury)

Arrangement fee: £99 booking fee

Redemption fee: 5% of the mortgage balance in the first three years, plus repayment of £250 cashback if mortgage repaid on or before June 2, 2014

Introducer’s fee: Refer to lender

Contact: www.abbeyforintermediaries.com

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