CAPPED RATE MORTGAGE
Type: Capped rate current account mortgage offering repayment flexibility.
Capped term: Until August 31, 2001.
Capped rates: Loans up to 75 per cent of valuation – 6.99 per cent, loans up to 85 per cent of valuation – 7.49 per cent and loans up to 95 per cent of valuation 7.99 per cent.
Minimum loan: £25,001.
Maximum loan: Up to 95 per cent of valuation subject to a maximum of £400,000.
Income multiples: 3.25 times principal income plus second or 2.75 times joint.
Arrangement fee: £250.
Redemption fee: None.
Introducer's fee: £250.
Tel: 0345 743743.