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Abbey For Intermediaries – Two-Year Tracker

Abbey For Intermediaries – Two-Year Tracker

Type: Tracker mortgage

Tracker term: Two years

Tracker rate: 3.44% above the Bank of England base rate

Payable rate: 3.94%

Minimum loan: £6,000

Maximum loan: Up to 80% of valuation subject to a maximum of £550,000

Income multiples: Based on affordability

Conditions: Available for purchase only, capital repayments up to 10% a year allowed without penalty subject to £500 minimum, free valuation on properties valued up to £2.5m, £250 cashback or free standard legal work

Arrangement fee: £995

Redemption fee: 2% of the amount repaid in the first two years, plus repayment of £250 cashback or up to £400 for legal work if mortgage repaid on or before March 2, 2012

Introducer’s fee: Refer to lender

Contact: www. abbeyforintermediaries.com

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