Features of the mainstream deal includes:
4.59% including a 1.95% discount in year one, 1.85% discount in year two – 90% LTV remortgage.
Funded by Woolwich (available in England, Wales, Scotland and Northern Ireland).
£300 cashback or free remortgage legal service.
£75 submission fee in England and Wales (includes one valuation). No submission fee applicable in Scotland.
Overpay by up to 10% per annum. Income multiples 4+1 or 2.75 x joint.
Without extended early repayment charge.
Procuration fee 0.30%.
Key features of the prime self-cert product include:
5.32% includeing 2.50% discount in year one, 1.50% discount in year two, 1% discount in year three.
90% LTV purchase and remortgage.
Funded by Grosvenor Home Loans (Rooftop) (available in England and Wales).
No CCJs or arrears in the past 12 months. Unlimited defaults.
CCJs ignored if: (a) Satisfied one year; (b) Registered two years; (c) £100 or less.
Arrears are ignored if they occurred 12 months ago.
IVAs accepted if completed one year ago. Bankrupts accepted if discharged one year ago.
No minimum trading period. Income multiples 4+1 or 3 x joint.
Without extended early repayment charge.
Procuration fee 0.5% (£250 minimum, £2,500 maximum).
The light adverse self-cert deal includes:
4.90% includeing 2% discount to 31 August 2005 – 65% LTV remortgage.
Funded by Kensington Mortgage Company (available in England, Wales and Scotland).
£250 cashback. Free legal service available in England and Wales.
£99 submission fee includes one free valuation to £600,000 property value. No submission fee applicable in Scotland.
CCJs to £2,000 total per applicant or two missed payments (one in the last six months).
CCJs ignored if: (a) Satisfied 12 months; (b) Registered two years; (c) £100 or less.
Capital raising for most purposes up to £1m.
IVAs completed one year ago. Bankrupts discharged one year ago.
Early repayment charge applies in the first three years.
Procuration fee 0.5% (£2,500 maximum).
