With five full status products and a choice of five self certification products on offer, the range gives clients the opportunity of mortgage facilities up 90% LTV for full status and up to 85% LTV for self certification, with all types of adverse credit being catered for.
One of the highlights of the range is Apollo 2, a 90% LTV full status product which allows for up to £3,000 of unsatisfied CCJs (none in the last 6 months) and 2 months arrears in the last 12 months (max 1 in last 6 months). The rate available for this product is 5.30% including a 1.00% discount for the first 6 months after completion. The product can be utilised for either purchase or re-mortgage.
Another product worthy of note is Apollo 6, which offers mortgage facilities for purchase and re-mortgage of up to 85% LTV on a self certification basis, with a discounted rate available of 5.40%, again including a 1.00% discount for the first 6 months after completion. The adverse credit limits on this scheme are up to £1,000 of unsatisfied CCJs (none in last 6 months) and 1 months arrears in the last 12 months.
The Genesis Apollo range also has products – both full status and self certification – that allow for greater amounts of adverse problems with two schemes – Apollo 5 and Apollo 10 – even allowing for unlimited amounts of adverse credit at 75% LTV purchase or re-mortgage.
All the products revert to BBR + a loading for the remaining term of the loan, and they all have the same redemption penalties of 6% in year 1, then 5% year in 2 with 1 months’ interest or notice in lieu thereafter. The arrangement fee is £395 across the range and there is also no higher lending fee payable on any scheme. Capital raising re-mortgages are also allowed for any legal purpose.
For more information about these and other Genesis products intermediaries can contact the sales department on 0870 2421213.
