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Heritable Bank – Self- Cert 2 Year Discount

Heritable Bank

Self- Cert 2 Year Discount

Type: Self-cert discounted rate

Discounted term: Two years

Discount: 1%

Payable rate: 5.25%

Minimum loan: £25,001

Maximum loan: Up to 80% of valuation subject to a maximum of £300,000, up to 75% of valuation subject to a maximum of £400,000, up to 70% of valuation subject to a maximum of £500,000, up to 65% of valuation subject to a maximum of £750,000, up to 60% of valuation subject to a maximum of £1.5m

Income multiples: Based on affordability

Arrangement fee: 0.5% of loan where basic multiples used, otherwise 1% plus £399 completion fee

Redemption fee: 3% of mortgage balance in year one, 2% in year two and three

Introducer’s fee: 0.5% of original loan

Tel: 07795 601486

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