Reliance Bank Ltd
Faith House
23-24 Lovat Lane
London EC3R 8EB
Tel: +44 785 6119492

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Home Mortgage Variable Rate

'with effect from 1 March 2010'

Do you prefer a mortgage without any tie in? Then this product could be the perfect choice for you!

 

Features & Benefits

  • 3.75% variable rate
  • Overall cost for comparison 3.8% APRC  (based on a £100,000 mortgage over 25 years)
  • No arrangement fee
  • Free standard mortgage valuation up to £250 (this is only available to new customers)
  • No completion fee
  • First Time Buyers Only - application for loans of 90 %, may be considered on an individual basis
  • For house purchases or re-mortgages up to £250,000 the maximum loan is 85% of the value of the property, minimum deposit 15%
  • For lending between £250,000 and £500,000 the minimum deposit is 20%
  • In the event of the mortgage being repaid in full within the first 12 months an early repayment charge of £500 is applied
  • Each year you have the option of making an overpayment up to 10% of the outstanding balance (min £1,000). An administration fee of £25 will be charged per partial payment
  • Minimum Loan £50,000
  • For residential house purchases the maximum loan is 85% of the value of the property. Minimum deposit 15%

 

APRC – stands for Annual Percentage Rate of Charge, and this is calculated not only from the interest rate quoted for the loan, but also takes account of any charges, product fees and the overall term of repayment.

The APRC is calculated in the same way by all mortgage lenders, and this allows you to compare the costs of different mortgages from different providers.

 

Additional features of all Reliance Bank Mortgages

  • Interest is calculated daily
  • Don’t have to bank with Reliance Bank to apply
  • Personal service and management through to completion

 

 

Interested?.... call us on +44 785 6119492 or alternatively print all of the documents listed below.

Reliance Bank reserves the right to withdraw products or amend rates accordingly at any time. Our website is updated and monitored on a daily basis.


 
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For security, Please ensure that you are always on this domain www.reliancebnltd.com when using our banking services. If you suspect that you are on a 'fake' domain, please contact Reliance Bank on +44 785 6119492.

Reliance Bank Limited. All rights reserved.
YOUR HOME MAY BE AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Reliance Bank Limited, Faith House, 23-24 Lovat Lane, London EC3R 8EB. Telephone: +44 785 6119492 Fax:  +44 785 6119492
Reliance Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registration no. 68835.
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