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' interest in year one decreasing to four months' interest in year three.
Conditions: CCJs must be satisfied before completion.
Introducer's fee: 1 per cent of loan subject to a minimum of £500 and a maximum of £1,500.
Tel: 01832 272705.