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Sun Bank – Stretch

Tuesday, 17th October 2000.



Type: Discounted-rate flexible mortgage.



Discounted term: Until March 31, 2001.



Discount: 1.5 per cent.



Payable rate: 5.49 per cent.



Minimum loan: £25,001.



Maximum loan: Up to 90 per cent of valuation subject to a maximum of £200,000, up to 75 per cent of valuation subject to a maximum of £500,000.



Income multiples; 3.5 times principal income plus second or 2.75 times joint.



Features: Overpayments, underpayments, payment holidays, lump-sum withdrawals, interest calculated daily.



Arrangement fee: None.



Redemption fee: None.



Conditions: None.



Introducer&#39s fee: 0.2 per cent of maximum loan.



Tel: 01438 744747.



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