Monday, 8th January 2001.
Type: Discounted rate flexible buy-to-let mortgage.
Discounted term: Three years.
Discount: 1 per cent in year one, 0.75 per cent in year two, 0.5 per cent in year three.
Payable rate: 6.74 per cent in year one, 6.99 per cent in year two, 7.24 per cent in year three.
Minimum loan: £25,001.
Maximum loan: Up to 70 per cent of valuation subject to a maximum of £500,000, 71-75 per cent of valuation subject to a maximum of £400,000.
Income multiples: Rental income must be at least 130 per cent of monthly mortgage interest.
Features: Overpayments, payment holidays, lump sum withdrawal, interest calculated daily.
Arrangement fee: £150.
Redemption fee: Three per cent of original loan in year one, two per cent in year two, one per cent in year three.
Conditions: £400 cashback. Minimum income £15,000.
Introducer's fee: 0.35 per cent of advance.
Tel: 0870 0100338.