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Scarborough Building Society – Flexible Two-Year Fix

Scarborough Building Society

Flexible Two-Year Fix

Type: Flexible fixed-rate mortgage

Fixed term: Until April 29, 2010

Fixed rate: 5.59%

Minimum loan: £25,000

Maximum loan: Up to 95% of valuation subject to a maximum of £250,000, up to 90% of valuation subject to a maximum of £350,000, up to 85% of valuation subject to a maximum of 85% of valuation, up to 80% of valuation subject to a maximum of £500,000, up to 75% of valuation subject to a maximum of £625,000, up to 70% of valuation subject to a maximum of £750,000, up to 65% of valuation subject to a maximum of £875,000, up to 60% of valuation subject to a maximum of £1m, up to 55% of valuation subject to a maximum of £1.125m, up to 50% of valuation subject to a maximum of £1.25m

Income multiples: Up to 95% of valuation -up to four times principal income plus second or 3.25 times joint, up to 80% of valuation – up to 4.25 times principal income plus second or 3.5 times joint

Conditions: Free legal fees for remortgages

Arrangement fee: £895

Redemption fee: 3% of the amount repaid in year one, 2% in year two

Introducer’s fee: 0.25% of the original loan

Tel: 0845 130 7383

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