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Manchester Building Society – 3-Year 1.25% Discount

Manchester Building Society – 3-Year 1.25% Discount

Type: Discounted rate mortgage

Discounted term: Three years

Discount: 1.25%

Payable rate: 3.6%

Minimum loan: £350,001

Maximum loan: Up to 80% of valuation subject to a maximum of £400,000, up to 75% of valuation of £525,000, up to 70% of valuation subject to a maximum of £650,000, up to 65% of valuation subject to a maximum of £750,000

Income multiples: Up to four times principal income plus second or three times joint

Conditions: Capital repayments of up to 15% a year allowed without penalty in the first three years, available direct and through intermediaries, available for property purchase only in England and Wales

Arrangement fee: £995

Redemption fee: 1.5% of the amount repaid in the first three years

Introducer’s fee: Refer to lender

Contact: www.themanchester.co.uk/brokers

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