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Kensington Mortgages – Near Prime One Year Fixed Rate

Kensington Mortgages

Near Prime One Year Fixed Rate

Type: Fixed rate mortgage

Fixed term: Until November 30,2006

Fixed rate: Up to 90% of valuation 5.3%, up to 80% of valuation 4.9%, up to 65% of valuation – 4.5%

Minimum loan: Up to 90% of valuation 36,00, up to 80% of valuation – 25,001

Maximum loan: Up to 90% 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: Capital repayments of up to 10% a year allowed without penalty, 250 cashback, self-employed mortgage payment protection option available

Flexible features: Overpayments, underpayments, payment holidays, lump sum withdrawals

Arrangement fee: 499

Redemption fee: 7% of the amount repaid in year one, 6% in year two, 5% in year three, thereafter interest to the end of the month

Introducers fee: 0.5% of original loan subject to a maximum of 1,500

Tel: 0800 111020

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Time to take control

Matt Price Alliances and marketing director, Wily Technology, Staines, Middlesex

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