Monday, 12th February 2001.
Type: Base rate tracker self-certification mortgage for remortgages.
Tracker term: Term of loan.
Tracker rate: Bank of England base rate plus 1 per cent until March 1, 2003, thereafter Bank of England base rate plus 1.49 per cent.
Minimum loan: £25,001.
Maximum loan: Trading for 12 months – up to 80 per cent of valuation subject to a maximum of £500,000, trading for more than two years – up to 85 per cent of valuation subject to a maximum of £300,000.
Income multiples: 3.5 times principal income plus second or 2.75 times joint.
Arrangement fee: £299.
Redemption fee: Four months' interest on amount repaid in year one, three months' interest in year two, two months' interest in year three. Thereafter, one months' interest if one months' notice not given.
Conditions: Mortgage business nominated solicitor must be used.
Introducer's fee: Subject to negotiation.
Tel: 08457 253253.