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Teachers Building Society – Teachers Building Society Fee Free Remortgage Plan

Tuesday, 24th October 2000.



Type: Discounted rate mortgage for remortgages.




Discounted term: Four years.




Discount: Year one – 2.25 per cent, year two &#45 1 per cent, years three and four &#45 0.25 per cent.




Payable rate: Year one &#45 5.24 per cent, year two &#45 6.49 per cent, years three and four &#45 7.24 per cent.




Minimum loan: £30,000.




Maximum loan: Up to 85 per cent of valuation subject to a maximum of £200,000.




Income multiples: 3.25 times principal income plus second or three times joint.




Arrangement fee: None.




Redemption fee: Four per cent of amount repaid in years one and two, 3.5 per cent of amount repaid in years three and four.




Conditions: Cashback of £300 for completions before December 31, 2000.




Introducer&#39s fee: £225.




Tel: 0800 378669.


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