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Abbey For Intermediaries/Santander – 3-Year Tracker

Abbey For Intermediaries/Santander – 3-Year Tracker

Type: Tracker mortgage

Tracker term: Three years

Tracker rate: 2.49% above the Bank of England base rate

Payable rate: 2.99%

Minimum loan: £6,000

Maximum loan: Up to 75% of valuation subject to a maximum of £550,000

Income multiples: Based on affordability

Conditions: One free valuation for properties valued up to £2.5m, £250 cashback towards legal costs, available for home purchase only

Arrangement fee: 1% of the original loan

Redemption fee: 2% of the amount repaid in the first three years, plus repayment of £250 cashback if mortgage repaid on or before December 2, 2012

Introducer’s fee: Refer to lender



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