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Precise Mortgages  – Home Owner Three Year Capped Tracker 5.69%

Precise Mortgages  – Home Owner Three Year Capped Tracker 5.69%

Type: Capped rate tracker mortgage

Tracker term: Until November 30, 2013

Tracker rate: 4.96% above Libor

Payable rate: 5.69%

Capped term: Until November 30, 2013

Capped rate: 8.69%

Minimum loan: £25,001

Maximum loan: Up to 70% of valuation subject to a maximum of £300,000

Income multiples: Based on affordability

Conditions: One default allowed in last 12 months up to £500 or one default allowed in the last 13-36 months up to £1,000, one CCJ in last 36 months up to £500, one month’s arrears allowed in the last 36 months but none allowed in last 12 months and payments must be up to date, mortgage  available only to borrowers with a clear credit record for 3 months prior to application available for properties in England and Wales on a repayment basis only, available through selected intermediaries

Arrangement fee: 1.5% of the original loan subject to a £2,295 minimum

Redemption fee: 3% until 30/11/2012

Introducer’s fee: Up to 0.5%

Tel: 0800 116 4385

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