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Mortgage Next – Accord Near Prime Status Two-Year Fixed

Mortgage Next

Accord Near Prime Status Two-Year Fixed

Type: Adverse credit fixed-rate mortgage

Fixed term: Until September 30, 2008

Fixed rate: 5.68%

Minimum loan: £30,000

Maximum loan: Up to 65% of valuation subject to a maximum of £1m

Income multiples: Up to 3.5 times principal income plus second

Conditions: £500 cashback, capital repayments of up to 10% a year allowed without penalty, Up to £1,000 in CCJs registered for six months, up to 2 months’ arrears in last 12 months acceptable, IVAs satisfied for at least 12 months, bankruptcy discharged for at least 12 months
Arrangement fee: £595

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

Introducer’s fee: Refer to lender

Tel: 01883 333100


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