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Marsden Building Society – Flexible Mortgage

Monday, 3 September 2001.

Type: Discounted rate flexible mortgage.

Discounted term: Six months.

Discount: 1.5 per cent.

Payable rate: 4.8 per cent.

Minimum loan: £30,000.

Maximum loan: Up to 90 per cent of valuation subject to no maximum.

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

Features: Overpayments, payment holidays, lump sum withdrawal, interest calculated daily.

Arrangement fee: £295.

Redemption fee: None.

Conditions: Free valuation, compulsory payment protection on loans over 80 per cent of valuation first three months&#39 are free.

Introducers&#39 fee: Up to 74 per cent of valuation, £30,000-£49,999 – £100, £50,000-£99,999 – £150, £100,000 plus – £200, 75-90per cent of valuation, £30,000-£49,999 – £75, £50,000-£99,999 – £100, £100,000 plus – £150.

Tel: 01282 440500.


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