£1,000 cashback residential products for 75% and 85% LTV.
Key Features:
ACCEPTABLE ADVERSE:
Defaults, CCJs or secured arrears recorded 3 months before application are not accepted.
Tier 0 products
Defaults: 0 in 24 months
CCJ: 0 in 72 months
Mortgage and secured loan arrears: 0 in 12 months, 1 in 36 months (worst status)
Unsecured arrears: 1 in 12, 2 in 36 months
Tier 1 and tier 2 products
Defaults: 0 in 24 months
CCJ: 0 in 24 months
Mortgage and secured loan arrears: 0 in 12 months, 1 in 36 months (worst status)
Unsecured arrears: Not counted but may affect credit score
Tier 3 and tier 4 products
Defaults: 2 in 24 months (max £1,500 in 12 months, unlimited thereafter)
CCJ: 1 in 24 months (max £1,000 in 12 months or £2,500 in 24 months)
Mortgage and secured loan arrears: 1 in 12 months, 3 in 36 months (worst status)
Unsecured arrears: Not counted but may affect credit score
LOAN AMOUNTS AND LTV LIMITS:
Min loan size: £25,000
Max loan sizes:
£2,000,000 up to 60% LTV
£1,000,000 up to 70% LTV
£750,000 up to 80% LTV
£500,000 up to 85% LTV
TERM:
Min: 5 years
Max: 35 years
APPLICANT:
Min age: 21 years
Max age: 75 where proof of retirement is supplied
Max number of applicants: 2
Min income: £15,000 (primary applicant)
Product information correct at time of publishing.
For intermediaries only.
Your home may be repossessed if you do not keep up repayments on your mortgage or a loan secured against it.
The Financial Conduct Authority does not regulate some aspects of corporate financial planning, property investment or buy to let lending.
