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Chelsea Buildign Society – Prospect Non-Conforming Discount Medium Scheme

Chelsea Building Society

Prospect Non-Conforming Discount Medium Scheme

Type: Discounted-rate adverse credit mortgage

Discounted term: One year

Discount:1.25%

Payable rate: 5.99%

Minimum loan: 300,000

Maximum loan: Up to 75% of valuation subject to a maximum of 250,000

Income multiples: 3.75 times principal income or 2.8 times joint

Conditions: Free legal fees for remortgages if in-house solicitors used, up to 2,000 in CCJs allowed, up to six missed repayments in last 12 months acceptable but only two missed repayments allowed in last six months

Arrangement fee: 495

Redemption fee:5% of amount repaid in year one 4% in year two, 3% in year three

Introducers fee: Subject to negotiation

Tel: 08702 404808

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