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Northern Rock – 2 Year Stepped Flexi Fixed (With Fee)

Northern Rock – 2 Year Stepped Flexi Fixed (With Fee)

Type: Flexible fixed-rate mortgage

Fixed term: Until July 1, 2007

Fixed rate: Up to 95% of valuation 4.19% until July 1, 2006, 6.19& until July 1, 2007, up to 85% of valuation 3.99% until July 1, 2006, 5.99% until July 1, 2007

Minimum loan: 1

Maximum loan: Up to 95% of valuation subject to a maximum of 300,000, up to 90% of valuation subject to a maximum of 1m, up to 85% of valuation subject to no maximum

Income multiples: Based on affordability and credit score

Flexible features: Overpayments, underpayments, payment holidays, lump sum withdrawals, interest calculated daily

Arrangement fee: 695 plus 250 administration fee

Redemption fee: 3% of original loan until July 1, 2007 if mortgage is fully redeemed

Introducers fee: Refer to lender

Tel: 0845 600 1516

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