The winner will get the chance to visit the city's Christmas Markets on the 16 and 17 December. The prize includes flights from a local airport, overnight accommodation in a city centre hotel, with bed and breakfast on the Saturday evening. The winner will also receive £500 in spending money to help with your Christmas shopping, to make this a truly memorable trip.
To be in with a chance of winning the fantastic break for two, just answer these simple questions, based on the product criteria detailed below.
Questions
1) What is the stance of db mortgages in respect of defaults?
2) What is the minimum period for self employment for those wishing to self certify?
3) What is the maximum loan size?
4) Are adverse to adverse remortgages acceptable?
Email your answers to [email protected]
The closing date for entries is 10 December. The winner will be drawn at random and will be informed on 11 Dec. Terms and conditions apply.
db mortgages is part of the Deutsche Bank Group, one of the worlds leading banks.
db mortgages is a specialist non-conforming lender delivering innovation and service from a professional and experienced team. Dedicated to the intermediary mortgage market, they provide a range of products encompassing non-conforming, buy-to-let and self-certification. Based in Chester, all their products allow 10 per cent overpayments per year free of ERCs, and non of the products have overhanging ERCs.
At the London Business Expo, db mortgages released criteria changes listed below aimed at the non-conforming market, effective from 4 December:
Defaults
- Ignored across all product categories.
Near Prime +
- Increase in value of CCJs from £150 to £500.
Near Prime to Super Light
- Satisfied CCJs are now disregarded where they are over six months old.
Missed payments
- Missed payments which occur in the same calendar month are treated as one missed payment.
- Improvement in the treatment of missed payments.
Bankruptcy /IVA
A reduction in timescale requirements across all product categories.
Loan size increases (Residential only)
- £1,000,000 at 80 per cent LTV,
- £750,000 at 85 per cent LTV,
- £300,000 at 95 per cent LTV.
Loan-to-value increases
- Near Prime+ Buy-to-let now available to 90 per cent LTV for both purchase and remortgage. Unlimited products available to 85 per cent LTV for both purchase and remortgage. Adverse to Adverse remortgages are acceptable.
Income Multiples
- Near Prime + and Near Prime up to 75 per cent LTV 5.0+1, or 4.25 joint, above 75 per cent LTV 4.25+1, or 3.75 joint.
- Superlight – Unlimited 2 up to 75 per cent LTV 4.5+1 or 3.75 joint, above 75 per cent LTV 4.0+1 or 3.5 joint.
Self Employed trading
- Minimum trading now six months rather than 12 for self-certification.
Capital Raising
- Restriction on the amount of capital raising allowable has been removed.
Conditions of entry
The competition is only open to those registered to receive Mortgage Introducer. Entries must be received by 10 December 2006. We will not be responsible for any lost or late entries.
The winner will be informed by 11 December. In the event that we are unable to contact the winner after using reasonable endeavour, an alternative winner will be chosen from the correct entries received.
Those under 18 years of age and employees of db mortgages and Charterhouse Communications are not eligible to enter the competition. Members of their immediate families (namely spouse, children, parents, siblings) are also ineligible, as is anyone living in the employee’s household. Prizes are not transferable to an equivalent cash value or to another person and no alternative prizes will be offered.
By entering the competition, all entrants will be deemed to have accepted and agreed to be bound by these rules.
