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Scarborough Building Society – Two Step Five Year Discount

Friday, 18 May 2001.

Discounted term: Five years.

Discount: 2.25 per cent in year one, 0.74 per cent in years two to five.

Payable rate: 4.74 per cent in year one, 6.25 per cent in years two to 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: 5.21 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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