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Skipton Building Society – Flexible 3 Year Stepped Discount

Type:
Flexible stepped discounted-rate mortgage

Discounted term:
Three years

Discount:
2.65% in year one,
0.25% in years two and three

Payable rate:
3.19%

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 80% of valuation subject to a maximum of 450,000,
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

Flexible features:
Overpayments, payment holidays, interest calculated daily

Conditions:
Capital repayments up to 10% a year allowed without penalty,
six months&#39 free mortgage payment protection insurance, free legal fees or £475 contribution for remortgages

Arrangement fee:
£399

Redemption fee:
3% of mortgage balance in first three years, thereafter interest payable until end of month

Introducer&#39s fee:
Subject to negotiation

Tel: 0845 850 1711

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