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Market Harborough – 3-2-1 Discount Mortgage Flexible

Tuesday, 24th October 2000.



Type: Discounted rate flexible mortgage.




Discounted term: Three years.




Discount: Year one &#45 3 per cent, year two &#45 2 per cent, year three &#45 1 per


cent.




Payable rate: Year one &#45 4.49 per cent, year two &#45 5.49 per cent, year three &#45 6.49 per cent.




Minimum loan: £30,000.




Maximum loan: Up to 85 per cent of valuation subject to a maximum of £400,000.




Income multiples: Up to 75 per cent of valuation 3.25 times principal income plus second or 2.75 times joint. 76-85 per cent of valuation, three times principal income plus second or 2.5 times joint.




Features: Interest calculated daily, payment holidays, lump sum withdrawals, underpayments, overpayments.




Arrangement fee: £295.




Redemption fee: Six months&#39 interest on amount repaid in year one, five months&#39 interest in year two, four months&#39 interest in year three, three months&#39 interest in year four, two months&#39 interest in year five.




Conditions: None.




Introducer&#39s fee: £250.




Tel: 01858 463244.


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