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Coventry Building Society – Light Self Cert 7% Fixed Rate

Coventry Building Society

Light Self Cert 7% Fixed Rate

Type: Adverse credit self-cert fixed rate mortgage

Fixed term: Until December 31, 2008

Fixed rate: 7%

Minimum loan: £1,500

Maximum loan: Up to 85% of valuation subject to a maximum of £350,000, up to 75% of valuation subject to a maximum of £500,000

Income multiples: Based on affordability

Conditions: Capital repayments of up to 5% a year allowed without penalty, one free valuation up to £650, up to £5,000 in CCJs but none in the last six months, up to three arrears in the last 12 months but no more than one in the last six months, no repossessions in the last two years, bankruptcy and IVA discharged/satisfied for at least 12 months acceptable

Arrangement fee: £595 plus £199 booking fee

Redemption fee: 6% of the amount repaid in first two years

Introducer’s fee: Subject to negotiation

Tel: 0845 757 3612

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