Mortgages Features and fees from Direct Line

Fixed rate until 31/12/2011	6.89%
Then a variable rate of	2.00%
The overall cost for comparison is	3.0% APR

Take out any of our mortgages and you are entitled to an extra 20% off our best home insurance price.

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

Your mortgage payments won't change during the fixed period
Overpay by up to 10% of your initial borrowing each year during this time – without charge
No upper limit on overpayments once the fixed period ends
The minimum overpayment is £200
Borrow up to 90% of the property value or purchase price – whichever is lower (on repayment basis - 75% for interest only)
We work out the interest each day – saving you money
Repay how you want – interest only, repayment or mixed
Switch your existing mortgage to us – or take out a new mortgage to buy a house
When your fixed period finishes, you'll pay just 1.5% above the Bank of England base rate (see above for the current rate you’d pay) and when the base rate changes, your rate will change too – by the same amount and always within 5 days

Fees
All fees except your legal and valuation fees will be added to your mortgage balance.
If you're switching your mortgage to us (remortgaging) or you're releasing equity in your house:
Arrangement fee:	£499
To transfer money on completion:	£30
Other fees:	No basic legal or valuation fees (using our nominated solicitors and valuer) - but you'll need to cover the cost of any non-standard work

If you're buying a house:
Arrangement fee:	£499
To transfer money on completion:	£30
Other fees:	The legal and valuation fees for your house purchase

Early repayment charges:
Before your deal ends:	Additional charge of 2% of the amount you repay applies in year 1, 1% in year 2 (until 31/12/2011)

Important information

Mortgages: