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Cheltenham & Gloucester fix for three, five and seven years

Cheltenham & Gloucester


Fixed terms: Three year – until December 28, 2001. Five and seven year – until December 30, 2003 and 2005.

Fixed rates: Loans up to 90 per cent of valuation – 6.59 per cent, 6.49 per cent and 6.49 per cent respectively. Loans up to 95 per cent of valuation – 6.79 per cent, 6.69 per cent and 6.69 per cent respectively.

Minimum loan: £1,000.

Maximum loan: Up to 95 per cent of valuation subject to a maximum of £200,000, loans up to 80 per cent of valuation – no maximum.

Income multiples: Three times principal income plus second or 2.5 times joint.

Arrangement fee: £299.

Redemption fee: Three year – 3 per cent in year one decreasing to 1 per cent in year three, five year – 5 per cent in year one decreasing to 1 per cent in year five, seven year – 7 per cent in year one decreasing to 1 per cent in year seven.

Conditions: None.

Introducer&#39s fee: None, but until January 29, 1999 – 1,000 free air miles will be given for each mortgage of £25,000 plus, where loan is less than 90 per cent of valuation.

Tel: 0800 272131.


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