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.
Introducer's fee: None.
Tel: 0800 446776.