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Executive Connections fixes for the credit impaired

Exclusive Connections


FIXED RATE MORTGAGE


Type: Fixed rate mortgage for the credit impaired with county court judgements totalling up to £5,000 over last two years. Available on self-certified or verified basis.


Fixed term: Until November 30, 1999.


Fixed rate: 10.49 per cent, then Libor plus 4 per cent thereafter.


Minimum loan: £25,001.


Maximum loan: Purchases – up to 85 per cent of valuation subject to a maximum of £100,000 for self-certified or £350,000 for verified. Remortgages – up to 80 per cent of valuation subject to a maximum of £100,000 for self-certified or £350,000 for verified.


Income multiples: 3.5 times principle income or three times joint.


Arrangement fee: £295.


Redemption fee: Six months&#39 interest in year one decreasing to four months&#39 interest in year three.


Conditions: CCJs must be satisfied before completion.


Introducer&#39s fee: 1 per cent of loan subject to a minimum of £500 and a maximum of £1,500.


Tel: 01832 272705.

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