Mortgage packaging network Exclusive Connections has set up a
self-certification fixed-rate loan funded by Bristol & West.
The mortgage is fixed at 5.89 per cent until August 2004, then stays at
1.75 per cent above the Bank of England base rate for the life of the loan.
Minimum loan is £25,001 and maximum is £500,000 although higher
amounts will be considered.
Loans are available up to 75 per cent loan to value on purchase and
remortgage, with no mortgage indemnity guarantee charge.
There is a redemption penalty of 5 per cent of sum repaid until 2003,
which lowers to 4 per cent until the fixed period expires in 2004. The
arrangement fee is £299.