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Genesis – 5.49 Per Cent Fixed Then Discount

Wednesday, December 12, 2001.



Type: Fixed then discounted rate mortgage.

Fixed term: Two years.

Fixed rate: 5.49 per cent.

Discounted term: One year.

Discount: 1 per cent.

Minimum loan: £25,001.

Maximum loan: Loans of up to 75 per cent of valuation subject to a

maximum of £1m, 76-90 per cent subject to a maximum of £250,000,

91-95 per cent subject to a maximum of £200,000.

Income multiples: 3.25 times principal income plus second or 2.6

times joint.

Arrangement fee: £295.

Redemption fee: Six months&#39 interest on amount repaid in years one

and two, three months&#39 interest in year three.

Conditions: £400 cashback.

Introducer&#39s fee: 0.25 per cent of loan.

Tel: 01832 275044.

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