A rate of 6.10 per cent per cent fixed for three years is available for full status applications and 6.40 per cent per cent fixed for three years for self certification applications. A free standard valuation fee for properties up to the value of £400,000 is included together with 0.25 per cent cashback on completion.
Near Prime Right to Buy range
Three-year fixed until 01/10/08 (full status)
Initial pay rate: 6.10 per cent
Underlying rate: 6.62 per cent (LIBOR + 1.75 per cent)
ERCs: 6 per cent of amount repaid to 01/10/08, thereafter one months notice or one per cent of the amount repaid.
Net broker commission: 0.35 per cent min £250 max £5000
Arrangement fee: £499 can be added to the loan
Max LTV: 85 per cent - £250,000 purchase, £150,000 remortgage
CCJs in last two years: £500 CCJs none in last three months
Defaults: Ignored
Mortgage Arrears, missed payments: None in last 12 months
Minimum loan: £25,001
Three year fixed until 01/10/08 (self-cert)
Initial pay rate: 6.40 per cent
Underlying rate: 7.12 per cent (LIBOR + 2.25 per cent)
ERCs: six per cent of the amount repaid to 01/10/08, thereafter one month's notice or one per cent of the amount repaid.
Net broker commission: 0.35 per cent min £250 max £5000
Arrangement fee: £499 can be added to loan
Max LTV: 85 per cent - £250,000 purchase, £150,000 remortgage
CCJs in last two years: £500 CCJs none in last three months
Defaults: Ignored
Mortgage Arrears, missed payments: None in last 12 months
Minimum loan: £25,001
Other –
*Free standard valuation for properties up to the value of £400,000
* 0.25 per cent Cashback payable to applicant(s)
*Express completion service £125 added to the loan, negates the need for a deed of postponement from the local authority so the full loan amount can be advanced without waiting for council consent – max 85 per cent LTV up to £150,000
Packaged submission only
