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Kensington Mortgages – Very Low Adverse Remortgage – Three Year Fixed Rate

Kensington Mortgages

Very Low Adverse Remortgage – Three Year Fixed Rate

Type: Fixed rate remortgage

Fixed term: Until November 30,2008

Fixed rate: Up to 90% of valuation 6.89%, up to 80% of valuation 6.29%, up to 65% of valuation – 5.74%

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: Maximum of #2,000 in CCJs, up to two missed payments/arrears in last 12 months but maximum one in last six months, IVA/bankruptcy satisfied/discharged for at least a year, capital repayments of up to 10% a year allowed without penalty, 250 cashback, self-employed mortgage payment protection option available, self-certification loading of 0.25-0.5%
Flexible features: Overpayments, underpayments, payment holidays, lump sum withdrawals, interest calculated daily

Arrangement fee: 499

Redemption fee: 6% of the amount repaid in first three years

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

Tel: 0800 111020


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