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Skipton discounts for first time buyers for two years

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.


Cashback: £250.


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&#39s fee: Currently under review.


Tel: 0345 171777.

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