Monday, November 26, 2001.
Type: Discounted rate mortgage for remortgages.
Discounted term: Until January 1, 2003.
Discount: 1.5 per cent.
Payable rate: Depends on scheme.
Minimum loan: £25,001.
Maximum loan: Loans of up to 70 per cent of valuation subject to a
maximum of £1m, 71-80 per cent subject to a maximum of £750,000,
81-85 per cent subject to a maximum of £200,000.
Income multiples: 3.5 times principal income plus second or three
Arrangement fee: £395.
Redemption fee: 6 per cent of amount repaid in years one and two, 5
per cent in year three, thereafter 1 per cent if one month's notice not
Conditions: Three missed payments in the last twelve months with a
maximum of one in the last six or none in the last three, provided they
are cleared by completion. Maximum £3,000 CCJs.
Introducer's fee: 1 per cent of loan, minimum £500.
Tel: 0800 6007100.