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Manchester Building Society – Three Year Discount

Monday, 13 August 2001.



Type: Discount rate mortgage.

Discounted term: Three years.

Discount: 1.5 per cent.

Payable rate: 5.5 per cent.

Minimum loan: £50,000.

Maximum loan: Up to 80 per cent of valuation subject to a maximum

of £500,000.

Income multiples: Three times principal income plus second or 2.5

times joint.

Arrangement fee: £195.

Redemption fee: Repayment of valuation fee and legal cost subject to

a maximum of £450 in first five years.

Conditions: Free valuation subject to a maximum of £250, free rapid

remortgage service or £200 towards legal costs.

Introducer&#39s fee: Initial 0.2 per cent subject to a maximum of

£500.

Tel: 0161 8338884

 

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