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Skipton Building Society – Flexible 3 Year Capped Rate

Type:
Flexible capped rate mortgage with discount

Capped term:
Until February 28, 2008

Capped rate:
5.99%

Discounted term:
Two years

Discount:
0.75%

Payable rate:
5.34%

Minimum loan:
£5,000

Maximum loan:
Up to 95% of valuation subject to a maximum of £200,000, up to 90% of valuation subject to a maximum of £300,000, up to 85% of valuation subject to a maximum of £400,000, up to 75% of valuation subject to a maximum of £1m

Income multiples:
Up to 3.5 times principal income plus second or 2.75 times joint

Conditions:
Capital repayments of up to 10% a year allowed without penalty, six months&#39 free mortgage payment protection insurance, free legal and valuation fees for remortgages

Arrangement fee:
£399

Redemption fee:
4% of amount repaid in year one, 3% in year two, 2% in year three

Introducer&#39s fee:
Refer to lender

Tel: 08706 061621

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