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Abbey for Intermediaries – Five-Year Fixed Rate – Homebuyer

Abbey for Intermediaries – Five-Year Fixed Rate – Homebuyer

Type: Fixed-rate mortgage

Fixed term: Until August 2, 2017

Fixed rate: 3.99%

Minimum loan: £6,000

Maximum loan: Up to 60% of valuation subject to a maximum of £1m

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed without penalty in the fixed-rate period subject to a £500 minimum, free valuation, £250 cashback, for purchase only

Arrangement fee: £995

Redemption fee: 5% of the mortgage balance in the first five years plus repayment of £250 cashback if mortgage is repaid on or before July 2, 2014

Introducer’s fee: Refer to lender




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