Key Facts
The rates on our prime plans area as expressed as a margin over Libor rate.
The interest margins payable are as follows:
| Clients |
Self employed business borrowers |
86% |
| |
Owner occupiers |
90% |
| |
|
|
| Purpose |
Refinance of existing mortgages |
26% |
| |
Refinance of unencumbered properties |
38% |
| |
Total refinances |
64% |
| |
Purchases |
36% |
| |
|
|
| Property |
Freehold properties |
58% |
| |
Long leasehold properties |
42% |
Source: Commercial First Limited October 2003
|