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The Mortgage Operation – Kensington Mortgages Light Adverse Self Cert

The Mortgage Operation

Kensington Mortgages Light Adverse Self Cert

Type: Adverse credit discounted rate mortgage for self-cert applicants

Discounted term: Until November 30, 2005

Discount: 2%

Payable rate: 6.75%

Minimum loan: 36,000

Maximum loan: Up to 90% of valuaitn subject to a maximum of 300,000

Income multiples: Up to 3.5 times principal income plus second or three times joint

Conditions: Up to 2,000 in CCJs or two months arrears but only one months arrears in last six months, IVAs completed more than a year ago and bankruptcies discharged more than a year ago accepted

Arrangement fee: 99 plus 499 completion fee

Redemption fee:6% of amount repaid in first three years

Introducers fee: 0.5% of original loan subject to 2,500 maximum

Tel: 0845 130 3888


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