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London Mortgage Company – Product 6 2-Year Fixed

London Mortgage Company

Product 6 2-Year Fixed

Type: Fixed-rate adverse credit mortgage

Fixed term: Until March 1, 2009

Fixed rate: Status 7.29%, self-cert 7.39%

Minimum loan: £25,000

Maximum loan: Up to 80% of valuation subject to a maximum of £500,000, up to 75% of valuation subject to a maximum of £750,000

Income multiples: Up to 80% of valuation – 3.75 times principal income plus second or 3.25 times joint, up to 75% of valuation – four times principal income plus second or 3.5 times joint

Conditions: Unlimited CCJs in the last two years, unlimited arrears in the last 12 months, discharged bankruptcy and satisfied IVA acceptable

Arrangement fee: £799

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

Introducer’s fee: Refer to lender

Tel: 020 7920 1123

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