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High Street Home Loans – Near Prime Three Year Fixed

High Street Home Loans

Near Prime Three Year Fixed

Type: Adverse credit fixed rate mortgage

Fixed term: Three years

Fixed rate: Up to 95% of valuation – 6.95%, up to 90% of valuation – 6.55%, up to 80% of valuation – 6.5%, up to 80% of valuation – 6.19%, up to 75% of valuation – 6.05%, up to 60% of valuation – 5.85%

Minimum loan: £25,001

Maximum loan: Up to 95% of valuation subject to a maximum of £250,000, up to 90% of valuation subject to a maximum of £350,000, up to 85% of valuation subject to a maximum of £500,000, up to 75% of valuation subject to a maximum of £750,000

Income multiples: Based on affordability

Conditions: Up to £500 in CCJs in the last two years acceptable, arrears not acceptable, bankruptcy/IVA acceptable if discharged/satisfactorily conducted, 0.25% added to rates up to 90% for self-cert applications, 0.35% added to rates for right to buy applications

Arrangement fee: 1.5% of the original loan

Redemption fee: 6% of the amount repaid in the first three years, thereafter one month’s interest

Tel: 0191 260 4500


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