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GMAC- RFC – Self-Cert Unlimited 6.75%

Type:
Adverse credit self-certification tracker mortgage with discount

Discounted term:
Six months

Discount:
1%

Payable rate:
6.75%

Tracker term:
Lifetime of loan

Tracker rate:
3.75% above Bank of England base rate

Minimum loan:
£25,001

Maximum loan:
Up to 75% of valuation subject to a maximum of £250,000

Income multiples:
Up to 3.5 times principle income plus second or three times joint

Conditions:
Unlimited CCJs/defaults, unlimited mortgage arrears, bankruptcy/IVAs discharged upon application

Arrangement fee:
£395

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

Introducer&#39s fee:
1% of original loan

Tel: 01344 477477

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