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Skipton 4-year stepped discount (85% LTV)

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).

Introducer’s fee: Subject to negotiation.

Tel: 0800 446776

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