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Pink Home Loans – Amber Home Loans Heavy Adverse 1% Discount

Pink Home Loans

Amber Home Loans Heavy Adverse 1% Discount

Type: Discounted rate adverse credit mortgage

Discounted term: Until October 31, 2006

Discount: 1%

Payable rate: Up to 85% of valuation full status 6.58%, self cert 7.58%, up to 80% of valuation full status 6.08%, self cert 6.83%, up to 75% of valuation full status 5.83%, self cert 6.23% 70% of valuation full status 5.58%. self-cert 5.83%, up to 65% of valuation full status 5.33%, self-cert 5.48%

Minimum loan: 25,000

Maximum loan: Up to 85% of valuation subject to a maximum of 500,000, first time buyers maximum 200,000

Income multiples: Up to 3.5 times principal income plus second or 2.75 times joint two borrowers, 2.5 times joint three borrowers, 2.25 times joint four borrowers, first time buyers up to 3.25 times principal income plus second or 2.5 times joint

Conditions: Capital repayments of up to 10% a year allowed without penalty, unlimited CCJs and arrears acceptable, bankruptcy discharged and IVA satisfactory acceptable, 500 cashback

Flexible features: Overpayments, underpayments, payment holidays, interest calculated daily

Arrangement fee: 599

Redemption fee: 5% of mortgage balance until October 31, 2008

Introducers fee: 1% of original loan subject to a 5,000 maximum

Tel: 08707 590170


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