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Principality – Switch & Save Remortgage

Wednesday, 13th December 2000.



Type: Discounted mortgage for remortgages.

Discounted term: Until February 28, 2006.

Discount: 2 per cent until August 31, 2002, 1 per cent until February 28, 2006.

Payable rate: 5.49 per cent until August 31, 2002, 6.49 until February 28, 2006.

Minimum loan: £5,000.

Maximum loan: Up to 90 per cent of valuation subject to no maximum.

Income multiples: 3.5 times principal income plus second or 2.5 times joint.

Arrangement fee: None.

Redemption fee: 3 per cent of amount repaid until February 28, 2006.

Conditions: Principality buildings and contents insurance to be taken, or 0.19 per cent to be added to payable rate.

Introducer&#39s fee: Subject to negotiation.

Tel: 0800 163817.

 

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