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Northern Rock – Together 1 Year Discount Tracker

Type: Flexible tracker mortgage

Tracker term: Five years

Tracker rate: Bank of England base rate plus 0.24% until January 1,
2005, Bank of England base rate plus 1.85% until January 1, 2009

Payable rate: 3.99%

Minimum loan: £1

Maximum loan: Up to 95% of valuation subject to a maximum of
£250,000, up to 90% of valuation subject to a maximum of £1m, up to
85% of valuation subject to no maximum

Income multiples: Up to 3.8 times principal income plus second or
three times joint

Conditions: 3 months&#39 free mortgage payment protection insurance,
unsecured personal loan facility

Arrangement fee: None

Flexible features: Underpayments, overpayments, payment holidays,
interest calculated daily, lump sum withdrawals

Redemption fee: 2% of loan amount until January 1, 2006, 1% of loan
amount until January 1, 2009

Introducer&#39s fee: Subject to negotiation

Tel: 0845 600 1516

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