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Ipswich Building Society – Two-Year Fixed Rate

Ipswich Building Society – Two-Year Fixed Rate

Type: Fixed rate mortgage

Fixed term: Until January 12, 2012

Fixed rate: 5.64%

Minimum loan: £25,000

Maximum loan: Up to 85% of valuation subject to a maximum of £350,000

Income multiples: Loans up to 85% of valuation – up to 3.5 times principal income plus second or 2.75 tomes joint, loans up to 85% of valuation – up to 4.5 times principal income plus second or 3.75 times joint

Conditions: Available only to intermediaries in postcode areas IP, CO, CM, NR, CB and PE, capital repayments of up to 50% allowed without penalty during fixed-rate period

Arrangement fee: £999 plus application fee £150

Redemption fee: 3% of the amount repaid in the first two years

Introducer’s fee: Refer to lender

Tel: 0845 230 9696

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