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Pink Home Loans – Adverse Credit Mortgage

Thursday, 12th October 2000.



Fixed term: One year.



Fixed rate: Year one – 6.99 per cent, year two 2.5 per cent above Bank of England base rate, year 3 – 2 per cent above Bank of England base rate, then 1.75 per cent above Bank of England base rate until end of term.



Minimum loan: £25,001.



Maximum loan: Up to 85 per cent of valuation subject to a maximum of £500,000.



Income multiples: 3.5 times principal income plus second or 2.75 times joint.



Arrangement fee: £299.



Redemption fee: 5 per cent of advance for first three years plus £100 administration fee.



Conditions: Any number of CCJs up to a total of £10,000.



Introducer&#39s fee: 1 per cent of advance.



Tel: 01543 441530.


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