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Scottish Building Society – 3 Year 3.99% Fixed

Scottish Building Society – 3 Year 3.99% Fixed

Type: Fixed-rate mortgage

Fixed term: Three years

Fixed rate: 3.99%

Minimum loan: No minimum for purchase, £30,000 for remortgage

Maximum loan: Up to 60% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year without penalty in the fixed-rate period subject to a £250 a month maximum, basic valuation fee refunded for remortgages, free legal fees for remortgages if the society’s solicitor is used, otherwise £150 towards legal costs, available direct and through intermediaries, available only for properties in Scotland, Northumberland, Cumbria, County Durham or North Yorkshire

Flexible features: Overpayments, underpayments, payment holidays

Arrangement fee: £799

Redemption fee: 3% of the amount repaid in the first three years

Introducer’s fee: 0.4% of the original loan subject to a £1,500 maximum

Contact: www.e-sbsm.co.uk

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