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Barclays 5.89% Fixed Rate Flexible Lifestyle Mortgage


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Barclays Fixed Rate Flexible Lifestyle Mortgage details

   
Lender: Barclays
Rate:5.89% until 31/01/2019
then variable rate (currently 4.49%)
APR:5.7%
Interest charged: Daily
Product Type: Fixed Rate

Mortgage Conditions
Early Redemption Penalty:
N.B. If you redeem the new mortgage early you will also be liable to the following additional penalty.
6% of balance repaid until 31/01/2019 plus final repayment charge £275
Conditional Insurances: None
How much can you borrow: Single Income: 5 times
Joint Incomes: 5 times main income plus 0 times second income or 5 x joint income

Additional Features
Notes: Direct with lender only. Open plan is a flexible mortgage and borrowing service comprising of a mortgage and mortgage reserve account (subject to status). The secured mortgage reserve account is only available for loans up to LTV 90% (mortgage and reserve account combined). Ability to overpay, underpay and take payment holidays (some restrictions do apply). Lender charges interest on a daily basis. Capital repayments up to 5% allowed each year without penalty. Scheme is fixed until 31/01/2019 then Barclays Bank Base Rate (currently 3.00%) plus 1.49% for term. Where an existing customer undertakes a rate switch the rate switch fee of £100 would also be applicable. Loans above £1m are priced on a case by case basis.

   

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

These figures are given for illustrative purposes only and do not constitute advice based on your specific circumstances. Before proceeding with any regulated mortgage contract you will be provided with a full Key Facts Illustration which will detail the exact terms, conditions and costs of any particular contract.

Written quotations available on request. All loans subject to status. A life policy or other insurance may be required
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