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Principality Building Society – 3-Year BBR + 2.49% Switch to Fixed (Direct)

Principality Building Society – 3-Year BBR + 2.49% Switch to Fixed (Direct)

Type: Tracker mortgage with option to move to a fixed rate

Tracker term: Until September 30, 2013

Tracker rate: 2.49% above the Bank of England base rate

Payable rate: 2.99%

Minimum loan: £5,000

Maximum loan: Up to 75% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Conditions: Free valuation, free legal fees for remortgages, ability to switch to a Principality fixed rate at any time without an early redemption charge, available only for properties in England and Wales

Arrangement fee: £999

Redemption fee: 3% of the amount repaid in the first three years

Introducer’s fee: None

Tel: www.principality.co.uk

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