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Heritable Bank – Status Two Year Fixed With Extended Lock In

Heritable Bank

Status Two Year Fixed With Extended Lock In

Type: Fixed-rate mortgage

Fixed term: Until November 1, 2008

Fixed rate: 4.74%

Minimum loan: £25,001

Maximum loan: Up to 80% op valuation subject to a maximum of £350,000, up to 70% of valuation subject to a maximum of £500,000, loans above £500,000 negotiable

Income multiples: Up to 4.25 times principal income plus second or 3.5 times joint

Arrangement fee: None where basic income multiples used, otherwise 0.5%,
£399 completion fee

Redemption fee: 5% of mortgage balance in first two years, 4% in year three, 3% in year four, 2% in year five

Introducer’s fee: 0.4% of original loan

Tel: 07795 601486

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