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Santander -Two-Year Tracker

Santander -Two-Year Tracker

Type: Tracker mortgage

Tracker term: Two years

Tracker rate: 2.59% above the Bank of England base rate

Payable rate: 3.09%

Minimum loan: £6,000

Maximum loan: Up to 70% of valauiton subject to a maximum of £1m

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed without penalty subject to a £500 minimum, free valuation up to £1,190, £250 cashback

Arrangement fee: None

Redemption fee: 2% of the amount repaid in the first two years plus repayment of £250 cashback if mortgage repaid on por before October 2, 2012, available direct and for home purchase only

Introducer’s fee: None

Contact: www.santander.co.uk

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