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Scarborough Building Society – Four Step Five Year Discount

Monday, 21 May 2001.

Discounted term: Five years.

Discount: 2.15 per cent in year one, 1.15 per cent in year two, 0.75 per cent in years three and four, 0.45 per cent in year five.

Payable rate: 4.84 per cent in year one, 5.84 per cent in year two, 6.24 per cent in years three and four, 6.54 per cent in year five.

Minimum loan: £25,000.

Maximum loan: Up to 95 per cent of valuation subject to a maximum of £250,000.

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

Arrangement fee: None.

Redemption fee: 5.25 per cent of amount repaid in first five years.

Conditions: Valuation fee refunded on completion.

Introducer&#39s fee: Loans £25,000-£74,999 – £150, £75,000-£149,999 – £175, £150,000 and above – £200.

Tel: 08705 133149.

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