Stroud and Swindon five-year fixed rate
Fixed term: Five years
Fixed rate: 5.65% fixed rate until May 1 2007. Thereafter borrower qualifies for loyalty discount (currently a 0.5% discount against the SVR, currently 5.74%)
Minimum loan: £16,000
Maximum loan: Up to 95% for house purchase and 85% for remortgage, subject to a maximum of £500,000
Income multiples: Three times principal income plus second or 2.75 times joint.
Arrangement fee: £295 (can be deducted from loan).
Redemption fee: If full redemption occurs before May 1 2005 a charge of 5% will be made on the outstanding balance. If part of the loan is repaid before May 1 2005 there is a charge of 5% on the amount repaid. A maximum of 25% of the original loan may be repaid before 1 May 2005 without charge.
Introducers fee: 0.3% of completed advance subject to a maximum of £750
Tel: 01453 768240