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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



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