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Staffordshire Building Society – 2 Year Stepped Discount 1 Per Cent Cashback

Thursday, 15th March 2001.

Type: Discounted rate cashback mortgage.

Discounted term: Two years.

Discount: Three per cent in first year, two per cent in second year.

Payable rate: 6.8 per cent.

Minimum loan: £1,000. Remortgages for capital raising £25,001.

Maximum loan: Up to 90 per cent of valuation subject to a maximum of £500,000.

Income multiples: 2.5 times joint income.

Arrangement fee: £125.

Redemption fee: Five per cent of amount repaid until June 1, 2006.

Conditions: Free valuation. Cashback 1 per cent of advance.

Introducer&#39s fee: 0.25 per cent of advance, minimum £100.

Tel: 01902 796519.



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