Type:
Discounted rate adverse credit mortgage
Discounted term:
Until November 30, 2005
Discount:
1.75%
Payable rate:
6.5%
Minimum loan:
£25,001
Maximum loan:
Up to 95% of valuation subject to a maximum of £300,000
Income multiples:
Up to 3.5 times principal income plus second
or three times joint
Conditions:
House purchase only, maximum £3,000 in CCJs or two months' arrears in last 12 months but none in last three months, IVA satisfied for at least one year, bankruptcy discharged for at least one year
Arrangement fee:
£395
Redemption fee:
6% of mortgage balance in first three years, thereafter one month's interest or one month's notice
Introducer's fee:
Up to 1.25% of valuation subject to £500 minimum
Tel: 0870 2421213
