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Alliance & Leicester – Heavy Adverse Two Year Fixed Rate

Alliance & Leicester

Heavy Adverse Two Year Fixed Rate

Type: Adverse credit fixed rate mortgage

Fixed term: Until March 31, 2009

Fixed rate: 6.59%

Minimum loan: £26,000

Maximum loan: Up to 75% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Conditions: Free valuation, £250 cashback for remortgages, up to
£10,000 in CCJs, maximum three months’ arrears in last 12 months, bankruptcy acceptable if discharged for at least six months, IVA acceptable if satisfied for at least six months, no repossessions in the last six months

Arrangement fee: £799

Redemption fee: 6% of mortgage balance in first two years

Introducer’s fee: Subject to negotiation

Tel: 0870 0100657

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