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DB Mortgages – Near Prime + Two Year Tracker Full Status

DB Mortgages

Near Prime + Two Year Tracker Full Status

Type: Adverse credit tracker mortgage

Tracker term: Two years

Tracker rate: 2% above Libor up to 75% of valuation, 2.2% Libor up to 80% of valuation, 2.5% above Libor up to 85% of valuation, 2.85% above Libor up to 90% of valuation, 3.25% above Libor up to 95% of valuation

Payable rate: Up to 95% of valuation – 7%, up to 90% of valuation 6.6%, up to 85% of valuation – 6.25%, up to 80% of valuation – 5.95%, up to 75% of valuation – 5.75%

Minimum loan: £25,001

Maximum loan: Up to 95% of valuation subject to a maximum of £300,000, 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 75% of valuation subject to a maximum of £1m

First time buyers: Up to 90% of valuation full status or 85% of valuation for buy-to-let

Income multiples: Based on affordability

Conditions: Up to £500 in CCJs allowed, no arrears in last 12 months, bankruptcy and IVAs acceptable if discharged/satisfactorily conducted for at least 24 months,

Arrangement fee: 0.5% of the original loan

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

Introducer’s fee: Refer to lender

Tel: 0845 0522280


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