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Nottingham Building Society – 5 Year Discounted Mortgage

Thursday, 9th November 2000.

Discounted term: Five years.

Discount: Up to 75 per cent of valuation 1.6 per cent, 76-90 per cent of valuation 1.5 per cent, 91-95 per cent of valuation 1.4 per cent.

Payable rate: Up to 75 per cent of valuation 5.89 per cent, 76-90 per cent of valuation 5.99 per cent, 91-95 per cent of valuation 6.09 per cent.

Minimum loan: £1,000 for Nottingham building society customers, otherwise £20,000.

Maximum loan: Up to 95 per cent of valuation subject to a maximum of £150,000.

Income multiples: Three times principal income plus second or 2.5 times joint.

Arrangement fee: None.

Redemption fee: Amount borrowed times discount received plus any loyalty bonus during discounted period.

Conditions: Buildings insurance with Nottingham building society, or a fee of £25 is charged.

Introducer&#39s fee: Loans from £20,000-£59,999 – £100, loans from £60,000-£99,999 – £150, loans of £100,000 or over – £200.

Tel: 01159 481444.


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