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Catholic Building Society – One-Year Fix – Issue 1

Catholic Building Society

One-Year Fix – Issue 1

Type: Fixed rate mortgage with discount

Fixed term: One year

Fixed rate: 2.9%

Discounted term: Two years

Discount: 0.75%

Payable rate: 6.49%

Minimum loan: £75,000

Maximum loan: Up to 80% of valuation subject to a maximum of £550,000

Income multiples: Four times principal income plus second or 3.5 times joint

Conditions: Free valuation, free legal fees for remortgages, 0.1% added to rate where introducer’s fee is paid

Arrangement fee: £795

Redemption fee: 3% of original loan in year one, 2% in year two, 1% in year three

Introducer’s fee: Subject to negotiation and 0.1% added to rate

Tel: 020 7222 6736

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