Tuesday, 7th November 2000.
Type: Discounted rate flexible mortgage.
Discounted term: Two years.
Discount: 1.95 per cent.
Payable rate: 5.8 per cent.
Minimum loan: £1,000.
Maximum loan: Up to 95 per cent of valuation subject to no maximum.
Income multiples: 3.25 times principal income plus second or 2.5 times joint.
Features: Underpayments, overpayments, payment holidays, lump sum withdrawals, interest calculated daily.
Arrangement fee: None.
Redemption fee: Six months' interest in first two years plus £500.
Conditions: Available to first time buyers only.
Introducer's fee: 0.25 per cent of advance.
Tel: 020 8301 7089.