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Chelsea Building Society – Prospect Non-Conforming Right-To-Buy 2 Year Fixed

CHELSEA BUILDING SOCIETY

Prospect Non-Conforming Right-To-Buy 2 Year Fixed

Type: Adverse credit fixed-rate mortgage

Fixed term: Until April 30, 2008

Fixed-rate: 6.39%

Minimum loan: 30,000

Maximum loan: Up to 80% of valuation subject to a maximum of 500,000

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

Conditions: Unlimited CCJs considered subject to applicant’s mortgage record, maximum of 2 missed payments in the last 12 months but no more than one in the last six months
.
Arrangement fee: 495

Conditions: Free mortgage payment protection insurance in first two years, free valuation, free standard legal fees for remortgages

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

Introducers fee: Subject to negotiation

Tel: 08702 404808

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