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Mercantile Building Society – 121 Mortgage

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Type: Discount mortgage.



Discounted term: Until January 1, 2003.



Discount: 2.05 per cent.



Payable rate: 5.59 per cent.



Minimum loan: £25,000.



Maximum loan: Up to 75 per cent of valuation subject to a maximum of £150,000.



Income multiples: 3.5 times principal income plus second or 2.75 times joint.



Redemption fee: None.



Arrangement fee: None.



Conditions:12 months&#39 Available in North of England only, 12 months&#39 free unemployment cover.



Introducer&#39s fee: Subject to negotiation.



Tel: 0500 295 500.



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