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Precise Mortgages – Near Prime Home Owner 2-Year Fixed

Precise Mortgages – Near Prime Home Owner 2-Year Fixed

Type: Adverse credit fixed-rate mortgage

Fixed term: Until December 31, 2013

Fixed rate: 5.49%

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 up to £1,000 allowed in the last 24 months, but none in the last three months, one CCJ up to £750 allowed in the last 24 months but none in the last three months, up to one month’s arrears allowed in the last 36 months but none in the last 12 months, £250 cashback, free standard valuation and assessment fee subject to a £355 maximum, available for properties in England and Wales

Arrangement fee: £2,295

Redemption fee: 3% of the original loan in year one, 2% in year two

Introducer’s fee: Up to 0.5% of the original loan

Tel: 0800 116 4385

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