Thursday, November 29, 2001.
Type: Buy to let discounted rate mortgage.
Discounted term: Five years.
Discount: 0.76 per cent.
Payable rate: 4.99 per cent.
Minimum loan: £40,000.
Maximum loan: Loans of up to 60 per cent of valuation subject to a
maximum of £1m, 61-70 per cent subject to a maximum of £400,000,
71-80 per cent subject to a maximum of £300,000.
Income multiples: Rental income must be at least 130 per cent of
monthly mortgage payment.
Arrangement fee: 0.5 per cent of loan.
Redemption fee: Six months' interest on amount repaid in first five
Introducer's fee: 0.5 per cent of loan.
Tel: 08707 590170.