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Exclusive Connection fixes with cashback

Exclusive Connections


FIXED RATE MORTGAGES


Type: Fixed rate mortgages offering up to 4 per cent cashback depending on rate chosen.


Fixed terms: Until June 1, 2002 or 2004.


Fixed rates: Loans up to 90 per cent of valuation with no cashback – 6.97 per cent or 7.16 per cent respectively, 2 per cent cashback – 7.58 per cent or 7.57 per cent respectively or 4 per cent cashback – 8.18 per cent or 7.98 per cent respectively. Loans up to 95 per cent of valuation with no cashback – 7.3 per cent or 7.4 per cent respectively.


Minimum loan: Purchases – £15,001, remortgages – £25,001.


Maximum loan: Up to 95 per cent of valuation subject to a maximum of £150,000, up to 90 per cent of valuation subject to a maximum of £450,000 and up to 75 per cent of valuation – no maximum.


Income multiples: 3.5 times principal income plus second or 2.75 times joint.


Cashback: Up to 4 per cent subject to a maximum of £3,000, depending on rate chosen.


Arrangement fee: £295.


Redemption fee: Four year – six months&#39 interest at standard variable rate until May 31, 2003. Six year – six month&#39s interest at standard variable rate until May 31, 2005.


Conditions: Life cover may be required.


Introducer&#39s fee: £250.


Tel: 01832 272705.

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