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Leeds & Holbeck Building Society – Non-Conforming Two Year Fixed Rate

Leeds & Holbeck Building Society

Non-Conforming Two Year Fixed Rate

Type: Fixed-rate adverse credit mortgage

Fixed term: Until August 1, 2007

Fixed rate: Light impaired 6.25%, medium impaired 6.4%, heavy impaired 6.55%

Minimum loan: 25,000

Maximum loan: Up to 75% of valuation subject to a maximum of 500,000, loans above 500,000 negotiable

Income multiples: Up to 4.25 times principal income plus second or 3.5 times joint

Conditions: Light impaired up to 3,000 in CCJs but none in last six months, up to two missed payments in last 12 months, bankruptcy and IVAs not acceptable, medium impaired up to 6,000 in CCJs, up to three missed payments in last 12 months, bankruptcy and IVAs acceptable if discharged for over one year, heavy impaired up to 10,000 in CCJs, up to four missed payments in last 12 months, bankruptcy and IVAs acceptable if discharged for over one year, free mortgage payment protection insurance for six months

Arrangement fee: Loans up to 500,000 495, loans above 500,000 negotiable

Redemption fee: 6% of amount repaid in year one, 5% in year two

Introducers fee: Refer to lender

Tel: 01543 418104


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