Thursday, 12th October 2000.
Fixed term: One year.
Fixed rate: Year one – 6.99 per cent, year two 2.5 per cent above Bank of England base rate, year 3 – 2 per cent above Bank of England base rate, then 1.75 per cent above Bank of England base rate until end of term.
Minimum loan: £25,001.
Maximum loan: Up to 85 per cent of valuation subject to a maximum of £500,000.
Income multiples: 3.5 times principal income plus second or 2.75 times joint.
Arrangement fee: £299.
Redemption fee: 5 per cent of advance for first three years plus £100 administration fee.
Conditions: Any number of CCJs up to a total of £10,000.
Introducer's fee: 1 per cent of advance.
Tel: 01543 441530.