Monday, 15 October 2001.
Type: Discounted flexible tracker mortgage.
Tracker term: Four years.
Tracker rate: Bank of England base rate plus 0.85 per cent.
Discount: 1.4 per cent off tracker rate for six months.
Minimum loan: £5,000.
Maximum loan: Up to 85 per cent of valuation subject to a maximum of £1m.
Income multiples: 3.5 times principal income plus second or 2.75 times joint.
Features: Overpayments, payment holidays, interest calculated daily.
Arrangement fee: £125.
Redemption fee: None.
Conditions: Compulsory insurance choice of accident, sickness and unemployment, house and contents or homeplan until January 31, 2007. Tracker rate increases to Bank of England base rate plus 1 per cent if insurance not taken. Free legal fees in England and Wales, £250 cashback in Scotland.
Introducers fee: Subject to negotiation.