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Newbury Building Society – 5 Year Stepped Discount

Tuesday, 9 October 2001.



Discounted term: Five years.

Discount: Up to 90 per cent to valuation 0.75 per cent in year one,

0.25 per cent in years two, three, four and five, up to 95 per cent 0.25

per cent in year one, 0.1 per cent in years two, three, four and

five.

Payable rate: Up to 90 per cent to valuation 5.1 per cent in year one,

5.6 per cent in years two, three, four and five, up to 95 per cent 5.6 per

cent in year one, 5.75 per cent in years two, three, four and five.

Minimum loan: £25,500.

Maximum loan: Up to 95 per cent of valuation subject to no

maximum.

Income multiples: Loans up to £150,000 3.5 times principal income

plus second or 2.75 times joint, £150,001 plus 3.25 times principal

income plus second or 2.5 times joint.

Arrangement fee: 0.25 per cent subject to a maximum of £300.

Redemption fee: 2 per cent of original loan in years one and two, 1

per cent in years three and four.

Conditions: None.

Introducer&#39s fee: 0.25 per cent subject to a minimum of £125.

Tel: 01635 555700.

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