Interest Rates
The rates on our prime plans area as expressed as a margin over Libor rate.
The interest margins payable are as follows:
| Loan to value | Margins for loans below £250K | Margins for loans above £250K |
| Up to 50% | 2.75% | 2.50% |
| 51% to 60% | 3.25% | 3.00% |
| 61% to 70% | 3.75% | 3.50% |
| 71% to 75% | 4.25% | 4.00% |
For example if you were borrowing at less than 50%, your credit quality was excellent, you were able to prove your income and the Libor rate was 4.05% then the chargeable rate would be 6.55% (2.50% plus 4.05% margin).
Full details of the interest rates payable on all the loan plans we offer are contained in your loan agreement. If you are unsure of any of the terms you should ask your solicitor for a full explanation and appropriate advice.
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