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Portman Building Society – Two Year Discount Mortgage

Portman Building Society

Two Year Discount Mortgage

Type: Discounted-rate mortgage

Discounted term: Until May 31, 2008

Discount: 2.31%

Payable rate: 4.19%

Minimum loan: 15,500

Maximum loan: Up to 95% of valuation subject to a maximum of 500,000, loans above 500,000 negotiable

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

Conditions: Capital repayments of up to 10% a year allowed without penalty

Arrangement fee: 499 for loans up to 500,000, loans above 500,000 0.6% of the original loan

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

Introducers fee: Refer to lender

Tel: 0845 601 0763

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