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Abbey – First-Time Buyers Four Year Fixed Rate


First-Time Buyers Four Year Fixed Rate

Type: Fixed-rate mortgage

Fixed term: Four years

Fixed rate: 5.84%

Minimum loan: £6,000

Maximum loan: Up to 85% of valuaiton subject to a maximum of £250,000

Income multiples: Based on affordability and credit score

Conditions: Capital repayments of up to 10% a year allowed without penalty,free valuation on properties vallued up to £2.5m, £250 cashback ascontribution towards legal costs

Arrangement fee: £495

Redemption fee: 4% of mortgage balance in first four years, plus repayment of cashback if mortgage repaid by April 2, 2011

Introducer¹s fee: Refer to lender



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