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Abbey For Intermediaries – Two Year Tracker Mortgage

Abbey For Intermediaries – Two Year Tracker Mortgage

Type: Tracker mortgage

Tracker term: Two years

Tracker rate: 2.19% above the Bank of England base rate

Payable rate: 2.69%

Minimum loan: £6,000

Maximum loan: Up to 70% of valuation subject to a maximum of £550,000

Income multiples: Based on affordability

Conditions: Capital repayments up to 10% a year, subject to £500 minimum, allowed without penalty, free valuation on properties valued up to £2.5m, £250 cashback or free standard legal work for purchases, free standard legal work for remortgages

Arrangement fee: £995

Redemption fee: 2% of mortgage balance if mortgage repaid in first two years plus repayment of cashback or up to £200 for remortgage legal work if mortgage repaid on or before December 2, 2011

Introducer’s fee: Refer to lender



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