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The Mortgage Operation – Capital Home Loans Prime Self Cert for Self Employed

The Mortgage Operation

Capital Home Loans Prime Self Cert for Self Employed

Type: Self-cert discounted rate tracker mortgage

Discounted term: Until September 1, 2006

Discount: 0.51%

Payable rate: 5.49%

Tracker term: Lifetime of loan

Tracker rate: 1.25% above Bank of England base rate

Minimum loan: 25,001

Maximum loan: Up to 90% of valuation subject to a maximum of 315,000, up to 85% of valuation subject to a maximum of 425,000, up to 80% of valuation subject to a maximum of 500,000, first time buyers up to 85% of valuation subject to a maximum of 250,000

Income multiples: Up to 3.5 times principal income plus second or 2.75 times joint, first-time buyers up to 3.25 times principal income plus second or 2.5 times joint.

Conditions: Overpayments up to 20% a year allowed without penalty

Flexible features: Overpayments, underpayments, payment holidays, lump sum withdrawals, interest calculated daily

Arrangement fee: 199 up to 600,000 property value, 599 above 600,000 property value

Redemption fee: 5% of amount repaid until September 1, 2006

Introducers fee: 0.5% of original loan

Tel: 0845 130 3888

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