Thursday, 12th October 2000.
Type: Flexible buy to let mortgage.
Capped term: One year.
Capped rate: 6.99 per cent, or 7.24 per cent for self certification.
Minimum loan: £30,000.
Maximum loan: Up to 80 per cent of valuation subject to £1 million.
Income multiples: Rental yield must be greater than or equal to 130 per cent of the monthly interest payment. First time buyers minimum income of £20,000.
Features: Underpayments, overpayments, payment holidays, lump sum withdrawals, interest calculated daily.
Arrangement fee: 1 per cent of loan, minimum £500.
Redemption fee: None.
Introducer's fee: 0.5 per cent of loan.
Tel: 01543 441530.