Standard Variable Rate Mortgages from UK - Residential Mortgage Products from UK

A traditional variable rate loan with no
tie-ins - 7.59% (variable)

Rate correct as at 1 January 2008
Available for shared ownership

	Loan to value
	Maximum loan to value - 95% (75% for shared ownership)
	Fees
	Valuation fee per scale (if you qualify for our re-mortgage package the valuation fee will be refunded on completion). Administration fee £60, Higher Lending Charge (on loans between 90.01% and 95.0% LTV)

	Interest charged
	Monthly

	What happens at the end of any special offer period?
	There is no special offer period as such, but to reward your loyalty to us, our Lifetime tracker rate will be charged from the beginning of year 4.
	Early repayment charge - None

What happens if you move house ?

There is no need to redeem your mortgage. All of our mortgage schemes are portable. Even if you move home during the initial special deal period of a mortgage, the outstanding balance and the remaining benefits of that special deal can be transferred to your new mortgage with us subject to our lending criteria at the time of any move. In this case any early repayment charges will not be charged but the existing rate will not apply to any additional funds that you borrow.

Extra features

	Free Mortgage Payment Protection Insurance for the first six months .
	£25 discount off your first years home insurance premium arranged through us (click here for terms and conditions) - Not available for shared ownership.
	The society will meet the Higher Lending Charge on loans between 75.01% and 90.0% of the property value.

Notes

	Standard Variable Rate is our basic mortgage rate
	The Administration 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 standard variable rate of 7.59% p.a for the first 3 years
	Our lifetime tracker rate is charged from the beginning of year 4 (currently 6.50% variable) for the remainder of the term
	A loan of £75,000 over a term of 25 years, repayable by 300 monthly repayments of capital and interest
	Purchase or remortgage of a property for owner-occupation valued at £100,000
	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 (36 months)	£558.64
Subsequent monthly payments (264 months)	£510.50
Total charge for credit	£80,365
Total amount payable (TAP)	£155,356
The overall cost of comparison is	7.1% APR (variable)
Correct as at 1 January 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.