Monday, December 17, 2001.
Type: Fixed rate self-certification mortgage.
Fixed term: Until January 31, 2004.
Fixed rate: 6.49 per cent.
Minimum loan: £25,001.
Maximum loan: Loans of up to 75 per cent of valuation subject to a
maximum of £500,000, 76-85 per cent subject to a maximum of
£400,000. First-time buyers up to 85 per cent of valuation subject to a
maximum of £150,000.
Income multiples: 3.5 times principal income plus second or 2.75
Arrangement fee: £395.
Redemption fee: 5 per cent of amount repaid in year one, 4 per cent
in year two, 3 per cent in year three.
Conditions: Maximum £10,000 CCJs, maximum three months
arrears in the last 12 months with a maximum of one month in the
last six months.
Introducer's fee: 1 per cent of loan, minimum £500.
Tel: 08707 590170.