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Rooftop Mortgages – Light Plus Status 5.89% Fixed for Two Years

Rooftop Mortgages

Light Plus Status 5.89% Fixed for 2 Years

Type: Adverse credit fixed-rate mortgage

Fixed term: Two years

Fixed rate: 5.89%

Minimum loan: 25,001

Maximum loan: 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 75% of valuation subject to a maximum of 750,000, up to 65% of valuation subject to a maximum of 1m

Income multiples: Up to four times principal income plus second or three times joint

Conditions: Up to 1,000 in CCJs. up to one missed payment but none in the last three months, IVAs completed/bankruptcy discharged for at least 36 months, maximum loan 300,000 for first time buyers

Arrangement fee: Loans up to 500,000 – 499, loans above 500,000 – 750

Redemption fee: 6% of the amount repaid in first two years, thereafter 1% or four weeks notice

Introducers fee: 0.5% of original loan subject to a 250 minimum and 750 maximum

Tel: 0870 242 0240


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