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DB Mortgages – Light Adverse Three Year Fixed Rate

DB Mortgages

Light Adverse Three Year Fixed Rate

Type: Fixed-rate adverse credit mortgage

Fixed term: Three years

Fixed rate: Up to 90% of valuation –º 6,8%, up to 85% of valuation – 6.6%, up to 75% of valuation – 6.35%

Minimum loan: £25,001

Maximum loan: Up to 90% of valuation subject to a maximum of £350,000, up to 85% of valuation subject to a maximum of £500,000, up to 80% of valuation subject to a maximum of £600,000, up to 75% of valuation subject to a maximum of £750,000

Income multiples: Up to 90% of valuation – 3.5 times principal income plus second or three times joint, up to 75% of valuation – up to 3.75 times principal income plus second or 3.25 times joint

Conditions: Up to £5,000 in CCJs, up to two missed payments in the last 12 months but no more than one in the last six months, discharged bankruptcy and IVAs satisfactorily conducted acceptable if over 48 months ago, repossessions not acceptable

Arrangement fee: £599

Redemption fee: 6% of mortgage balance in first two years, 4% in year three

Introducer’s fee: Refer to lender

Tel: 0845 052 2280

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