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Lambeth offers new fixed and capped loans

Lambeth Building Society


CAPPED RATE MORTGAGE


Capped term: Until November 1, 2002.


Capped rate: 6.5 per cent.


Minimum loan: £25,001.


Maximum loan: Up to 95 per cent of valuation subject to a maximum of £237,500 or up to 75 per cent of valuation subject to a maximum of £350,000.


Income multiples: For loans up to 75 per cent of valuation – 3.5 times principal income plus 1.75 times second or 2.75 times joint. Loans up to 95 per cent of valuation – three times principal income plus second or 2.5 times joint.


Arrangement fee: Loans up to £100,000 – £295, loans of £100,000 plus – 0.3 per cent of loan.


Redemption fee: 5 per cent of loan in first four years.


Conditions: None.


Introducer&#39s fee: Loans up to £50,000 – £100, loans of £50,000 plus – £150, plus for every six cases received an additional £200 is payable.


Tel: 0800 225221.


Lambeth Building Society


FIXED RATE MORTGAGE


Fixed term: Until December 1, 2003.


Fixed rate: 6.25 per cent.


Minimum loan: £25,001.


Maximum loan: Up to 95 per cent of valuation subject to a maximum of £237,500 or up to 75 per cent of valuation subject to a maximum of £350,000.


Income multiples: For loans up to 75 per cent of valuation – 3.5 times principal income plus 1.75 times second or 2.75 times joint. Loans up to 95 per cent of valuation – three times principal income plus second or 2.5 times joint.


Arrangement fee: Loans up to £100,000 – £295, loans of £100,000 plus – 0.3 per cent of loan.


Redemption fee: 5 per cent of loan in first five years.


Conditions: None.


Introducer&#39s fee: Loans up to £50,000 – £100, loans of £50,000 plus – £150, plus for every six cases received an additional £200 is payable.


Tel: 0800 225221.

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