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Precise Mortgages  – Home Owner Three Year Capped Tracker 6.59%

Precise Mortgages  – Home Owner Three Year Capped Tracker 6.59%

Type: Capped rate tracker mortgage

Tracker term: Until November 30, 2013

Tracker rate: 5.86% above Libor

Capped term: Until November 30, 2013

Capped rate: 9.59%

Payable rate: 6.59%

Minimum loan: £25,001

Maximum loan: Up to 80% of valuation subject to a maximum of £300,000

Income multiples: Based on affordability

Conditions: One default allowed in the last 36 months up to £500, no CCJs in the last 36 months, 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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