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First Active caps its current account mortgage

First Active


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.


Conditions: None.


Introducer&#39s fee: £250.


Tel: 0345 743743.

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