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.
Introducer's fee: 0.25 per cent of loan, minimum £125.
Tel: 01635 555700.