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Northern Rock – 2-Year Freedom to Fix Tracker – Purchase

Northern Rock – 2-Year Freedom to Fix Tracker – Purchase

2-Year Freedom to Fix Tracker – Purchase

Type: Tracker mortgage

Tracker term: Until September 1, 2013

Tracker rate: 3.49% above the Bank of England base rate

Payable rate: 3.99%

Minimum loan: No minimum

Maximum loan: Up to 80% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed without penalty in the tracker period, option to switch to a Northern Rock fixed rate without penalty, available direct and through intermediaries

Flexible features: Overpayments, payment holidays, interest calculated daily

Arrangement fee: £995 plus £99 application fee

Redemption fee: 4% of the mortgage balance in the first two years

Introducer’s fee: Refer to lender



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