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Preferred Mortgages – Light 1 Year Discount Standard Verification

Preferred Mortgages

Light 1 Year Discount Standard Verification

Type: Discounted-rate adverse credit mortgage

Discounted term: One year

Discount: 2%

Payable rate: Up to 90% of valuation house purchase 6.03% remortgage 6.28%, up to 85% of valuation house purchase 5.58%, remortgage 5.83%, up to 80% of valuation 5.18%, up to 75% of valuation 4.93%, up to 65% of valuation 4.58%

Minimum loan: 10,000

Maximum loan: Up to 95% of valuation subject to a maximum of 250,000, up to 90% of valuation subject to a maximum of 350,000, up to 85% of valuation subject to a maximum of 500,000, up to 80% of valuation subject to a maximum of 750,000, up to 75% of valuation subject to a maximum of 1m

Income multiples: Up to 3.75 times principal income plus second or 3.25 times joint

Conditions: Maximum 4,000 in CCJs, up to two months arrears in last 12 months but none in last three months, bankruptcy discharged for at least 12 months, IVA satisfied for at least six months

Arrangement fee: 495

Redemption fee: 6% of mortgage balance in year one, 5% in eyar two, 4% in year three, thereafter 1% or one months notice

Introducer’s fee: Refer to lender

Tel: 0800 458 4002

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Important information

Investment risks

The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.

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