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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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