Tuesday, 24th October 2000.
Type: Discounted rate flexible mortgage.
Discounted term: Three years.
Discount: Year one - 3 per cent, year two - 2 per cent, year three - 1 per
Payable rate: Year one - 4.49 per cent, year two - 5.49 per cent, year three - 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' interest on amount repaid in year one, five months' interest in year two, four months' interest in year three, three months' interest in year four, two months' interest in year five.
Introducer's fee: £250.
Tel: 01858 463244.