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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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