Skipton Building Society
FIRST TIME BUYER MORTGAGE
Discounted term: Two years.
Discounted rate: 1 per cent.
Payable rate: 7.8 per cent.
Minimum loan: £5,000.
Maximum loan: Up to 95 per cent of valuation.
Income multiples: 3.25 times principal income plus second or 2.5 times joint.
Arrangement fee: Nil.
Redemption fee: 5 per cent in first five years.
Conditions: Two compulsory insurance from choice of home & contents, homeplan (enhanced buildings and contents) and accident, sickness and unemployment insurance.
Introducer's fee: Currently under review.
Tel: 0345 171777.