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Newbury Mortgage Services – 5 Year Stepped Discount 90 Per Cent

Tuesday, October 23, 2001.

Discounted term: Five years.

Discount: 0.75 per cent in year one, 0.25 in years two to five.

Payable rate: 4.8 per cent in year one, 5.3 per cent in years two to


Minimum loan: £25,500.

Maximum loan: Up to 90 per cent of valuation subject to no


Income multiples: 3.25 times principal income plus second or 2.5

times joint. Professionals – 3.75 times principal income plus second

or 2.75 times joint.

Arrangement fee: 0.25 per cent of loan, maximum £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 of loan, minimum £125.

Tel: 01635 555700.



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