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Genesis Home Loans – Genesis Topaz Fixed Rate

Monday, 8 October 2001.

Type: Self-certification fixed rate.

Fixed term: Until April 1, 2003.

Fixed rate: 7.24 per cent.

Minimum loan: £25,001.

Maximum loan: Up to 75 per cent of valuation subject to a maximum of £250,000, up to 60 per cent subject to a maximum of £400,000.

Income multiples: 3.75 times principal income plus second or 3.25 times joint.

Arrangement fee: £395.

Redemption fee: 5 per cent of original loan in year one, 4 per cent in year two, 3 per cent in year three plus £70, thereafter £70.

Conditions: Maximum six months’ arrears in last 12 months, any number of CCJs up to a maximum of £6,000, individual voluntary arrangement satisfied or being well conducted, bankruptcy discharged for one year.

Introducer’s fee: 1 per cent subject to a minimum of £250, maximum of £2,500.

Tel: 01832 275044.

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