Core Almost Prime products are only available to members of the
following business partners:
|
Appointed representatives of:
First Complete
Intrinsic
Legal & General
Lime
Mortgage Intelligence
Openwork
Personal Touch Financial Services
Pink Group
Sesame
|
Directly Authorised members of:
Central Trust
Connells
Countrywide
London & Country
Ocean Finance
Your Move
|
| |
| 60% |
5.64% |
£995 |
£140 |
|
|
| 65% |
5.94% |
£995 |
£140 |
0 in last 12
|
£500
(0 in last 12)
|
| |
| 60% |
6.04% |
£995 |
£140 |
|
|
| 65% |
6.34% |
£995 |
£140 |
0 in last 12
|
£500
(0 in last 12)
|
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Almost Prime fixed product full
details
Additional information
Available to first time buyers
All products are portable
Administration fee is non-refundable
Arrangement fee can be added to the loan
Reversionary rate - 5.75% (LIBOR*+ 5.00%)
Remortgage maximum LTV - 65%
* If Bank Base Rate falls below 0.50% the initial/reversionary
rate will be charged at 0.50% + product reversionary rate
loading
Early repayment charges (ERC)
| 2 year
fixed |
3% of the amount redeemed until 31 October 2011
2% of the amount redeemed until 31 October 2012
|
| 3 year fixed |
4% of the amount redeemed until 31 October 2012
2% of the amount redeemed until 31 October 2013
|
Loan details
| |
Minimum loan amount |
Maximum loan amount |
Minimum term |
Maximum term |
| Purchase |
£25,001 |
£250,000
|
5 years |
40 years** |
| Remortgage Capital Raising |
£25,001 |
£250,000 |
5 years |
40 years** |
| Remortgage Debt Consolidation |
£25,001 |
£250,000 |
5 years |
40 years** |
**Subject to maximum age criteria. If the term of the mortgage
goes beyond the projected retirement age as declared by the
applicant, Platform will decline the application or exclude this
income for joint applications.
Bankruptcy
Applications where a discharged bankruptcy has been recorded
during the last 6 years can be accepted on the Non-Conforming
range. For Non-Conforming product selection, any bankruptcy
discharged more than 4 years ago will be ignored.
Individual voluntary arrangement
Applications where an individual
voluntary arrangement (IVA) has been recorded during the last 6
years can be accepted on the Non-Conforming range. For
Non-Conforming product selection, any IVA completed more than 4
years ago will be ignored.
Minimum/maximum age
Minimum age is 18 at application.
Maximum age is 75 at the end of the term.
Fees
| Introducer fee |
0.50%
(max £1,250)
|
|
Property valuation |
Valuation fee |
Additional home buyer fee |
| AVM |
£20 |
N/A |
| Up to
£75,000 |
£105 |
£220 |
| £75,001 to
£100,000 |
£115 |
£220 |
| £100,001 to
£150,000 |
£135 |
£230 |
| £150,001 to
£200,000 |
£165 |
£235 |
| £200,001 to
£250,000 |
£200 |
£250 |
| £250,001 to
£300,000 |
£225 |
£300 |
| £300,001 to
£350,000 |
£255 |
£370 |
| £350,001 to
£400,000 |
£295 |
£370 |
| £400,001 to
£500,000 |
£355 |
£370 |
| £500,001 to
£600,000 |
£420
|
£405 |
| £600,001 to
£700,000 |
£490 |
£435 |
| £700,001 to
£800,000 |
£540 |
£485 |
| £800,001 to
£900,000 |
£600 |
£525 |
| £900,001 to
£1m |
£670 |
£555 |
| £1m -
£1.5m |
£970 |
By
negotiation |
|
Buildings insurance administration fee
one off fee if buildings insurance is not
arranged through Legal & General
|
£30 |
| Telegraphic transfer
fee |
£15 |
| Higher lending
charge |
None |
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