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Verso – The Windfall Mortgage

Thursday, 12th October 2000.



Type: Discounted rate mortgage.




Discounted term: Six months.




Discount: 1 per cent.




Payable rate: 6.78 per cent.




Minimum loan: £25,001.




Maximum loan: Up to 95 per cent of valuation subject to a maximum of £300,000 for self-certification, £5 million for full status.




Income multiples: 3.5 times principal income plus second or 2.75 times joint.




Arrangement fee: None.




Redemption fee: None.




Conditions: £500 cashback. Windfall of 5 &#45 15 per cent of the original loan depending on when redemption takes place.




Introducer&#39s fee: 0.25 per cent of the loan plus £150.




Tel: 01344 477477.


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