AToM said the product is ideal for first-time buyers as there is no MIG charged and no minimum trading period for those customers who wish to take advantage of the self-certification option available.
Product details include:
Headline rate of 5.32% (tracks current LIBOR)
Discount of 2.5 per cent in year one; 1.5 per cent in year two; 1per cent in year three.
Onsite offer production
High LTV for remortgage and self cert (90% max)
All defaults ignored
Satisfied CCJ’s and arrears that have occurred over 12 months ago are ignored
No proof of mortgage payments (up to 70% LTV)
Let-to-buy available
Enhanced income multiples available (up to 5+1 or 3.5 x joint)
Capital raising for any purpose
First-time buyer and employed self-certification available.
The product is available exclusively to PMPA and MDC members only.
