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Portman Building Society – Two Year Base Rate Tracker

Portman Building Society

Two Year Base Rate Tracker

Type: Tracker mortgage

Tracker term: Until June 30, 2008

Tracker rate: 0.15% below the Bank of England base rate

Payable rate: 4.35%

Minimum loan: 15,500

Maximum loan: Up to 95% of valuation subject to a maximum of 350,000, up to 90% of valuation subject to a maximum of 500,000, up to 85% of valuation subject to a maximum of 750,000, up to 80% of valuation subject to a maximum of 1m, up to 75% of valuations subject to no maximum

Income multiples: Up to 3.5 times principal income plus second or 2.85 times joint, enhanced multiples negotiable

Conditions: Capital repayments of up to 10% a year allowed without penalty, free valuation through Portman plus 200 cashback or easy remortgage service with free valuation and free legal fees

Arrangement fee: 499

Redemption fee: 3% of mortgage balance in first two years

Introducers fee: 0.35% of original loan subject to a maximum of 1,750

Tel: 0845 601 0763


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