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Lambeth B.S caps to January 2001

Lambeth Building Society


CAPPED RATE MORTGAGE


Capped term: Until January 1, 2001.


Capped rate: 7.75 per cent.


Payable rate: 6.55 per cent.


Minimum loan: £25,001.


Maximum loan: Up to 75 per cent of valuation subject to a maximum of £350,000.


Income multiples: Three times principal income plus second or 2.5 times joint.


Arrangement fee: £295 or 0.3 per cent of loan for loans above £100,000.


Redemption fee: 5 per cent in first six years.


Conditions: Compulsory buildings insurance otherwise 0.5 per cent is added to rate. If ASU insurance taken rate is reduced by 0.15 per cent.


Introducer&#39s fee: Loans up to £50,000 – £100, loans of £50,000 plus – £150. Also a bonus payment of £200 is payable if six cases are referred in any one year.


Tel: 0645 909192.

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