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

Combines the benefits of a fixed rate and a tracker rate [50% at 7.30% (fixed) & 50% at 6.00% (variable)]

Rates correct as at 30 June 2008
Not available for shared ownership/shared equity

	Loan to value
	Maximum loan to value - 75%
	Fees
	Valuation fee per scale. Administration fee £60. Booking fee £335. Renewal fee £75 (if applicable).

	Interest charged
	Monthly
	What happens at the end of any special offer period?
	The fixed rate element can be renewed at the end of each 2 year cycle at the rate appropriate at that time on payment of a £75 renewal fee. Otherwise the fixed rate part defaults to a tracker (as the other half) for the remainder of the term.
	Early repayment charge
	Fixed and variable parts of the loan must be repaid in equal amounts: Within year 1 of fixed rate cycle –1% of the amount repaid by way of a capital repayment or in full redemption. Within year 2 of fixed rate cycle – 0.5% 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 you can choose to transfer your Fixtra mortgage to your new property, in which case only any additional borrowing would be at a new rate (subject to our lending criteria at the time of any future move).

Extra features

	Free Mortgage Payment Protection Insurance for the first six months.
	£25 discount off your first year's home insurance premium arranged through us - click here for terms and conditions.

Notes

	The Bank of England Base Rate is currently 5.00% p.a.
	The Fixtra tracker rate is a variable rate linked to Bank of England Base Rate plus 1% for the life of the mortgage.
	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:

	An initial aggregate interest rate of 6.65% p.a. for the first 2 years, representing 50% of the loan at 7.30% p.a. fixed and 50% of the loan at 6.00% p.a.
	The Fixtra tracker rate of 6.00% p.a. (variable) is charged on the whole loan from the end of the first 2 year fixed rate cycle for the remainder of the mortgage term
	A loan of £75,000 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

Typical loan example
Initial monthly payments (24 months)	£513.87
Subsequent monthly payments (276 months)	£484.82
Total charge for credit	£71,951
Total amount payable (TAP)	£146,951
The overall cost of comparison is	6.4% APR (variable)
Correct as at 30 June 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.