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Legal & General Mortgage Club – ITL Mortgages 3.89% Term Tracker

Legal & General Mortgage Club – ITL Mortgages 3.89% Term Tracker

Type: Capped-rate tracker mortgage

Tracker term: Life of loan

Tracker rate: 3.39% above the Bank of England base rate

Payable rate: 3.89%

Capped term: Until January 31, 2013

Capped rate: 5.89%

Minimum loan: £16,000

Maximum loan: Up to 80% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Conditions: Free legal fees and free valuation for remortgages on properties valued up to £600,000, not available for properties in Scotland and Northern Ireland

Arrangement fee: 1% of the original loan subject to a £999 minimum, plus £99 reservation fee

Redemption fee: 2% in year one, 1% in year two

Introducer’s fee: 0.3% of the original loan subject to a £150 minimum and £1,000 maximum

Tel: 01226 230504

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