Monday, November 19, 2001.
Type: Discounted rate flexible mortgage.
Discounted term: Two years.
Discount: 1 per cent.
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
Features: Lump sum withdrawal, overpayments, underpayments,
payment holidays, interest calculated daily.
Arrangement fee: £295.
Redemption fee: Four months' interest on amount repaid in year one,
three months' interest in year two.
Introducer's fee: Subject to negotiation.
Tel: 0845 9401400.