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Genesis Home Loans – Apollo 1

Type:
Discounted rate adverse credit tracker mortgage

Discount:
1%

Discounted term:
Six months

Payable rate:
5.1%

Tracker term:
Lifetime of loan

Tracker rate:
1.85% above Bank of England base rate

Minimum loan:
£25,001

Maximum loan:
Up to 90% of valuation subject to a maximum of £200,000,
up to 85% of valuation subject to a maximum of £250,000

Income multiples:
Up to 90% of valuation &#45 up to three times principal income plus second or 2.75 times joint.
Up to 85% of valuation &#45 up to 3.5 times principal income or three times joint

Conditions:
Maximum £1,000 CCJs/defaults but none in last six months, maximum arrears one in last 12 months but up to date at application, bankruptcy/IVA not acceptable

Arrangement fee:
£395

Redemption fee:
6% of in year one, 5% in year two, one month&#39s interest or notice thereafter

Introducer&#39s fee:
0.75% of original loan

Tel: 0870 2421213

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