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Newbury Building Society – Fixed Rate Until June 1, 2016

Newbury Building Society – Fixed Rate Until June 1, 2016

Type: Fixed-rate mortgage

Fixed term: Until June 1, 2016

Fixed rate: 4.89%

Minimum loan: £50,000

Maximum loan: Up to 75% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed without penalty in the fixed rate period, free valuation for properties valued up to £1m, free legal fees for remortgages, available direct and through intermediaries, available for properties in England and Wales

Arrangement fee: £550 application fee for remortgages, £300 application for purchases plus £200 booking fee

Redemption fee: 3% of the original loan or mortgage balance for existing borrowers in years one to three, 2% in years four and five

Introducer’s fee: Refer to lender

Tel: 01635 555777

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