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Chelsea Building Society – Prospect Discount Scheme H

Chelsea Building Society

Prospect Discount Scheme H

Type: Adverse credit discounted-rate mortgage

Discounted term: 12 months

Discount: 1.25%

Payable rate: 6.49%

Minimum loan: 30,000

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

Income multiples: Up to 3.75 times principal income plus second or 2.8 times joint

Conditions: Up to six missed payments in last 12 months but only two in last six months, unlimited CCJs

Arrangement fee: 395 plus 245 administration fee

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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