Kent Reliance Building Society - Fixed Rate Mortgages, Self Build, Shared Ownership Mortgages from UK.

A fixed discount from our standard variable rate for the first 3 years 6.49% (variable)

Rate correct as at 1 April 2008
Not available for shared ownership/shared equity

	Loan to value
	Maximum loan to value 95%
	Fees
	Valuation fee per scale. Administration fee £60, Booking fee £335, Higher Lending Charge (on loans between 90.01% and 95.0% LTV)

	Interest charged
	Monthly
	What happens at the end of the special offer period?
	Base rate tracker rate is charged from beginning of year 4.
	Early repayment charge
	Within discounted rate period - 3% of the amount repaid by way of a capital repayment or in full redemption.
	Thereafter - none.
	What happens if you move house ?
	Our mortgage products are portable. If you move during the discounted rate period the remaining benefit can be transferred to your new mortgage with us, in which case only any additional borrowing would be at a new rate (subject to lending criteria at the time of any future move).

Extra features

	Discount of 1.10% from our Standard variable rate for the first 3 years.
	Free Mortgage Payment Protection Insurance for the first six months.
	£25 discount off your first year’s home insurance premium arranged through us (not available for shared ownership/shared equity) – click here for terms and conditions.
	The Society will meet the Higher Lending Charge on loans between 75.01% and 90.0% of the property value.

Notes

	The Administration Booking and Valuation fees are payable on application.
	Other fees and charges may apply during the term of the mortgage.
	Minimum age 18.

To calculate an APR and typical loan example we have made the following assumptions:

	A discounted variable rate of 6.49% for the first 3 years
	Base rate tracker rate is charged from the beginning of year 4 (currently 6.25% variable) for the remainder of the mortgage term
	A loan of £95,000 over a term of 25 years, repayable by 300 monthly payments of capital and interest
	Purchase or remortgage of a property for owner-occupation valued at £100,000
	Booking fee - £335
	Administration fee - £60
	Valuation fee - £125
	CHAPS bank transfer fee - £35
	Solicitors mortgage charges - £103 (purchase - estimated and only part of conveyance costs)
	Redemption admin fee - currently £150
	For loans between 90.01% and 95.0% LTV, a higher lending charge of £1,308 has been included

Typical loan example
Initial monthly payments (36 months)	£640.85
Subsequent monthly payments (264 months)	£627.89
Total charge for credit	£95,949
Total amount payable (TAP)	£190,949
The overall cost of comparison is	6.8% APR (variable)
Correct as at 1 May 2008

For more information about our mortgages go to Useful Info/About Our Mortgages

All loans are subject to availability, status, valuation and approval, and are available in England and Wales only. Applicants must be aged over 18 unless otherwise stated and security will be required on property. Written quotations available on request.

Mortgage Payment Protection Insurance may be required and a Higher Lending Charge may be payable. Calls to Kent Reliance Building Society may be recorded and/or monitored for customer service and training purposes.

Kent Reliance Building Society is authorised and regulated by the Financial Services Authority for general insurance and regulated mortgages and is covered by the Financial Ombudsman Service. Kent Reliance Building Society, Reliance House, Sun Pier, Chatham, Kent ME4 4ET.

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