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Genesis Home Loans – Minerals: Galena

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&#39 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&#39s interest or one month&#39s notice

Introducer&#39s fee:
Up to 1.25% of valuation subject to £500 minimum

Tel: 0870 2421213

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