P536 Teletext 536 Feb11 00:11:11
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SKIPTON STEPPED DISCOUNT MORTGAGE
next 12 months, and thereafter the
variable rate, currently 8.24%,
applies. The APR of 6.6 assumes that
the discounted variable rate of
2.24% continues for 5 months and the
rate then increases to the discounted
rate of 6.49%, variable for 12
months and thereafter the rate of
6.49%, although variable, will
continue to apply for the remainder
of the term. The APR has been
calculated on the basis of a £40,000
interest-only loan (purchase
price £55,000) over a 25 year term
includes £40 vacation fee, £110
valuation fee and £105 legal fee.
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