Tuesday, 24th October 2000.
Type: Discounted rate mortgage for remortgages.
Discounted term: Four years.
Discount: Year one – 2.25 per cent, year two - 1 per cent, years three and four - 0.25 per cent.
Payable rate: Year one - 5.24 per cent, year two - 6.49 per cent, years three and four - 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's fee: £225.
Tel: 0800 378669.