P536 Teletext 536 Feb11 00:14:42
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SKIPTON STEPPED DISCOUNT MORTGAGE
The variable rates of 2.24% and
6.49% (APR 6.6%) require 5 monthly
repayments at £75 for the first 5
months, then 295 monthly repayments
at £217 for the reminder of the
25 year term. Total amount payable
£104,645.00. The above typical
example illustrates the gross monthly
payments. When MIRAS is included at
15% on the first £30,000 (effective
from 6th April 1995) the monthly
payments are reduced to £67 for 5
months then £192 for the remainder
of the term.
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