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Scottish Building Society – Discounted Variable Rate 4.94% – Thistle Club Exclusive

Scottish Building Society – Discounted Variable Rate 4.94% – Thistle Club Exclusive

Type: Flexible discounted-rate mortgage

Discounted term: Three years

Discount: 0.35%

Payable rate: 4.94%

Minimum loan: No minimum

Maximum loan: Up to 90% of valuation subject to a maximum of £300,000, up to 80% of valuation subject to a maximum of £350,000, up to 70% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Conditions: Capital repayments of up to 10% a year allowed without penalty in the discount period, available for purchase only, available direct and through intermediaries

Flexible features: Overpayments of up to £250 a month, underpayments, payment holidays, lump sum withdrawals,

Arrangement fee: £499

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




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