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Portman Buiilding Society – Five Year Fixed Rate

Portman Buiilding Society

Five Year Fixed Rate

Type: Fixed-rate mortgage

Fixed term: Until October 31, 2011

Fixed rate: 4.99%

Minimum loan: £15,5000

Maximum loan: Up to 95% of valuation subject to a maximum of £350,000, up to 90% of valuation subject to a maximum of £500,000, up to 85% of valuation subject to a maximum of £750,000, up to 80% of valuation subject to a maximum of £1m, up to 75% of valuations subject to no maximum

Income multiples: Up to 3.5 times principal income plus second or 2.85 times joint, enhanced multiples negotiable

Conditions: Capital repayments of up to 5% a year allowed without penalty

Arrangement fee: £499 for loans up to £500,000, 0.6% of the original loans for loans of £500,001-£750,000.

Redemption fee: 4% of mortgage balance in first five years

Introducer’s fee: 0.25-0.35% of the original loan

Tel: 0845 601 0763


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