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Newcastle Building Society – 3 Year Discount Mortgage

Type:
Discounted-rate mortgage

Discounted term:
Until March 30, 2009

Discount:
2.31%

Payable rate:
3.49%

Minimum loan:
£15,000

Maximum loan:
Up to 90% of valuation subject to
a maximum of £500,000

Income multiples:
Up to 90% of valuation &#45 3.35 times principal income plus second
or 2.5 times joint,
up to 75% of valuation &#45 3.5 times principal income plus second
or 2.75 times joint,
up to 50% of valuation &#45 four times principal income plus second or 3.75 times joint

Arrangement fee:
£345-£1,000 depending on loan amount

Redemption fee:
3% of mortgage balance in first three years

Introducer&#39s fee:
Subject to negotiation

Tel: 0191 244 2000

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