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Skipton Building Society – 5 Year Capped Plus 0.45 Per Cent Discount

Friday, 16 November 2001.

Type: Flexible capped rate discount mortgage.

Discounted term: Two years.

Discount: 0.45 per cent.

Capped rate: 6.65 per cent.

Capped term: Until January 31, 2007.

Minimum loan: £5,000.

Maximum loan: Up to 95 per cent of valuation subject to no maximum.

Income multiples: 3.5 times principal income plus second or 2.75 times joint. First-time buyers 3.25 times principal income plus second or 2.5 times joint.

Features: Interest calculated daily, overpayments, payment holidays, underpayments.

Arrangement fee: £295.

Redemption fee: 5 per cent of amount repaid in year one, 4 per cent in year two, 3 per cent in year three, 2 per cent in year four, 1 per cent in year five.

Conditions: None.

Introducer&#39s fee: None.

Tel: 0800 446776.

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