The deal, part of the Crystal branded product range funded by Mortgages plc, offers a rate of 7.45 per cent fixed for 2 years up to 85 per cent loan to value and is aimed at borrowers with high levels of adverse credit.
The product qualifies for the Fees Assisted Remortgage campaign, which Pink Home Loans has extended to 29 April 2005, offering a free valuation and free legals for remortgage applications in England and Wales and a free valuation and £250 cashback for remortgage applications in Scotland and Northern Ireland.
Crystal Heavy Adverse – 2 year fixed rate
- 7.45% fixed for 2 years
- Underlying rate is Bank base rate plus 3.6%
- Early repayment charges: 7% in year one, 6% in year two
- Net broker commission: 1.25% (minimum £750)
- Arrangement fee: £499
- Maximum loan to value (LTV): up to 85%
- County Court Judgements: maximum of £10,000 unsatisfied in last 2 years
- Arrears: maximum of 6 in last 12 months (maximum of 2 in last 6 months)
- Minimum loan: £25,001
- Maximum loan: £1 million up to 80% LTV
- Remortgage applications only: free valuation and free legals (England and Wales) or free valuation and £250 cashback (Scotland and NI)
- Packaged submission only
- 24 hour payment of broker commission available
- Full status
