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Cheshire Building Society – 2 Year Fixed Rate

Cheshire Building Society

2 Year Fixed Rate

Type: Fixed-rate mortgage

Fixed term: Until November 30, 2008

Minimum loan: £25,000

Maximum loan: Up to 95% of valuation subject to a maximum of £350,000, up to 90% of valuation subject to a maximum of £400,000, up to 85% of valuation subject to a maximum of £500,000, up to 80% of valuation subject to a maximum of £750,000

Income multiples: Up to 95% of valuation – 3.5 times principal income plus second or 2.75 times joint, up to 90% of valuation – 3.75 times principal income plus second or three times joint, 80% of valuation – 3.75 times principal income plus second or 3.25 times joint

Conditions: Free valuation, interest calculated daily, free mortgage payment protection insurance in first three months

Flexible features; Overpayments up to £5,000 a year, underpayments, payment holidays, lump sum withdrawals between £500 and £25,000, interest calculated daily
Arrangement fee: £500

Redemption fee: 5% of original loan in year one, 4% in year two

Introducer’s fee: Refer to lender

Tel: 0845 0554567


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