Monday, 8 October 2001.
Type: Self-certification fixed rate.
Fixed term: Until April 1, 2003.
Fixed rate: 7.24 per cent.
Minimum loan: £25,001.
Maximum loan: Up to 75 per cent of valuation subject to a maximum of £250,000, up to 60 per cent subject to a maximum of £400,000.
Income multiples: 3.75 times principal income plus second or 3.25 times joint.
Arrangement fee: £395.
Redemption fee: 5 per cent of original loan in year one, 4 per cent in year two, 3 per cent in year three plus £70, thereafter £70.
Conditions: Maximum six months arrears in last 12 months, any number of CCJs up to a maximum of £6,000, individual voluntary arrangement satisfied or being well conducted, bankruptcy discharged for one year.
Introducers fee: 1 per cent subject to a minimum of £250, maximum of £2,500.
Tel: 01832 275044.