Tuesday, 17th October 2000.
Type: Discounted rate mortgage.
Discounted term: Until July 1, 2002.
Discount: Year one - 3.5 per cent, year two - 1.6 per cent.
Payable rate: Year one - 4.24 per cent, year two - 6.14 per cent.
Minimum loan: £25,001.
Maximum loan: Up to 95 per cent of valuation subject to a maximum of £150,000, up to 90 per cent of valuation subject to a maximum of £450,000, up to 75 per cent of valuation subject to a maximum of £1m.
Income multiples: 3.5 times principal income plus second or 2.75 times joint.
Redemption fee: Years one and two – 5 per cent of advance, year three - 4 per cent of advance, year four - 3 per cent of advance, £100 admin fee.
Arrangement fee: £100.
Introducer's fee: For existing The Mortgage Operation customers £350, new customers £200.
Tel: 0207 571 2400.