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Portman Building Society – Two Year Base Rate Tracker

Portman Building Society

Two Year Base Rate Tracker

PORTMAN BUILDING SOCIETY

Two Year Base Rate Tracker

Type: Tracker mortgage
Tracker term: Until February 28, 2007:

Tracker rate: 0.01% below Bank of England base rate

Payable rate: 4.74%

Minimum loan: 15,500

Maximum loan: Up to 95% of valuation subject to a maximum of 250,000, up to 90% of valuation subject to a maximum of 400,000, up to 85% of valuation subject to a maximum of 500,000, up to 75% of valuation subject to no maximum

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

Conditions: Capital repayments of up to 10% a year allowed without penalty

Arrangement fee: 399

Redemption fee: 4% of mortgage balance until February 28, 2007

Introducers fee: 0.25% of original loan

Tel: 0845 8457000

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