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The Mortgage Operation discounts until June 2000

The Mortgage Operation


Discounted term: Until June 1, 2000.

Discounted rate: 2 per cent.

Payable rate: 7.45 per cent.

Minimum loan: £25,001.

Maximum loan: Up to 100 per cent of valuation subject to a maximum of £100,000.

Income multiples: Three times principal income plus second or 2.5 times joint.

Arrangement fee: None.

Redemption fee: 5 per cent until December 1, 2002.

Conditions: None.

Introducer&#39s fee: For loans up to £25,000 – none, loans of £25,000 to £40,000 – £50 and loans of £40,000 plus – £200. If Royal Bank of Scotland&#39s accident, sickness and unemployment insurance is taken an additional £75 is payable.

Tel: 0171 571 2400.


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