Type: Discount mortgage
Discounted term: To March 2006
Discounted rate: Four-year stepped discount. 2.30 per cent in year one; 1.15 per cent in year two; 0.50 per cent off variable in years three and four.
Payable rate: 3.40 per cent
Minimum loan: £25,000
Maximum loan: None
Income multiples: 3.25 principal, 2.5 combined
Features: Free MIG, daily interest, overpayments, holiday scheme.
Arrangement fee: None
Redemption fee: Four per cent of advance in year one, three per cent in year two, two per cent in year three, one per cent in year four.
Conditions: Must include any of the following insurance packages for four years: Skipton House and Contents (comprehensive cover), Skipton Homeplan (standard house and contents cover), Skipton Assured (ASU cover).
Introducers fee: Subject to negotiation.
Tel: 0800 446776