Discount Cashback
4.85% includes 1.90% discount for 30 months

• Reasonable redemption terms

• No MIG on cases below 90% of property value

DEEP DISCOUNT

Do you want to drastically cut your payments? 
Or perhaps you want to increase your mortgage borrowing to raise cash without increasing your monthly payments. This could be your chance.

6.8% APR This typical example is based upon a mortgage loan of £95,000, and a completion date of 31st October 2001 on an interest only basis to purchase a property valued at £100,000 over 25 years. This mortgage has an initial charge rate of 4.85% (APR 6.8), which is discounted for 30 months. You will be required to make 30 monthly payments of £383.96. The charge rate then reverts to the underlying Standard Variable rate, currently 6.75%, and you will make 270 monthly payments of £534.38 for the remainder of the mortgage term. The Standard Variable rate is subject to change. The total amount of interest payable is £155,801.40 An arrangement fee of £299.00 will be charged to your account upon completion together with a telegraphic transfer fee of £25.00 and a non block buildings and contents insurance fee of £25.00. The total amount payable is £253,503.40 which includes a valuation fee of £259.00, solicitors fees of £279.00 (representative), a deeds fee of £115.00, Higher Lending Risk Fee of £1,700 and a final repayment of capital of £95,000. An early repayment charge of 3% of the amount repaid in year 1, 2% in year 2 and 1% in year 3 will apply if the loan is repaid, (other than by the usual monthly repayments). In all cases, interest will be charged up to the end of the month. If the loan is for 90% or more of the purchase price or valuation, a one-off risk associated fee will be charged that may be added to the loan. As security Birmingham Midshires takes a first legal charge on the house that is bought. A suitable life assurance policy may be required. Written quotations are available on request. All loans are subject to status and valuation approval by Birmingham Midshires and must be secured on a property in England & Wales, Scotland or Northern Ireland. A suitable life assurance policy may be required. Applicants must be aged 18 or over. All figures are correct as at 1st September 2001. 
Your home is at risk if you do not keep up repayments on a mortgage or other loans secured on it.

Call Glen now on 0208 563 7575, email glen@4mortgageadvice.co.uk
or fill out our contact form to receive a free, no obligation illustration

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The Mortgage Exchange (London) Ltd
86 Glenthorne Road Hammersmith, London W6 0LP
TEL: 0870 850 7575 FAX: 0870 850 7576

* Your home may be repossessed if you do not keep up payments on your mortgage.
* The Mortgage Exchange (London) Ltd is authorised and regulated by the Financial Services Authority