Payments are calculated using the Bank of England Base Rate (BBR) applicable at the time of the quote (currently 0.1%), subject to a minimum floor rate of 0.75%. The start rate is the lifetime floor rate for a loan.
The first payment for loans completing on or before the 15th of a month will be on the 1st working day of the following month. For loans completing after the 15th, the payment for the short month will be added to the following month's payment
Early Repayment Charges
For variable rates the ERC will be 3% for the first 5 years, then 1% for the life of the loan.
For fixed rates the ERC will be 4% in year 1, 3% for the remaining fixed rate period, then 1% for the life of the loan.
This 'Quick Quote' is only valid on the date shown and is based on the information provided to us. It is not legally binding and does not commit InterBay to make such a loan. If a loan on the above terms is of interest, complete an AIP Request form and submit it through an InterBay Key Partner. InterBay is not regulated by the FCA and is unable to offer mortgages which would be deemed Regulated Mortgage Contracts.