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Newbury Building Society – 3-Year 0.2% Discount

Newbury Building Society – 3-Year 0.2% Discount

Type: Discounted-rate mortgage

Discounted term: Three years

Discount: 0.2%

Payable rate: 4.25%

Minimum loan: £50,000

Maximum loan: Up to 85% of valuation subject to a maximum of £250,000

Income multiples: Based on affordability

Arrangement fee: £500 for property purchase, £750 for remortgage

Conditions: Unlimited overpayments without penalty as long as at least £1 balance remains, free standard valuation, available direct and through intermediaries, available only for properties in England and Wales

Flexible features: Overpayments, underpayments, payment holidays, interest calculated daily

Redemption fee: 3% of the original loan in year one on full redemption only, 2% in year two, 1% in year three

Introducer’s fee: Refer to lender

Contact: www.newbury.co.uk

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The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

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