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Mansfield B.S caps for two years

Mansfield Building Society


CAPPED RATE MORTGAGE


Capped term: Two years.


Capped rate: 5.99 per cent.


Minimum loan: £25,001.


Maximum loan: Up to 95 per cent of valuation subject to a maximum of £250,000. For borrowers outside of Mansfield catchment area (75 mile radius) – up to 90 per cent of valuation subject to a maximum of £250,000.


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


Arrangement fee: None.


Redemption fee: Six months&#39 interest in years one and two decreasing by one months&#39 interest a year to three months&#39 interest in year five.


Conditions: None, but six months&#39 free accident, sickness and unemployment insurance for all borrowers.


Introducer&#39s fee: 0.5 per cent of loan subject to a minimum of £100 and a maximum of £250.


Tel: 01246 202055.

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