Friday, November 23, 2001.
Type: Discounted tracker rate buy to let self-certification
Discounted term: Three years.
Discount: 1 per cent from Bank of England base rate plus 1.99 per
Payable rate: 5.49 per cent.
Minimum loan: £25,000.
Maximum loan: Loans of up to 50 per cent of valuation subject to a
maximum of £750,000, 51-70 per cent subject to a maximum of
£500,000, 71-80 per cent subject to a maximum of £300,000, 81-85
per cent subject to a maximum of £200,000.
Income multiples: 3.25 times principal income plus second or 2.75
Arrangement fee: £495.
Redemption fee: 100 per cent of discount received in year one, 80 per
cent in year two, 60 per cent in year three.
Introducer's fee: Subject to negotiation.
Tel: 0845 9401400.