Exclusive – 90% LTV mortgage with adverse
90% LTV mortgage with adverse
We have a fantastic new product which we really think you need to know about. Please check out the details below.
90% LTV WITH HISTORIC ADVERSE and FLEXIBLE CRITERIA – through selected packagers only
This new mortgage product combines some great features including 90% LTV, adverse credit, Day 1 self employed with projected income or zero hours contracts.
If you have a client where this product ticks their boxes, please give us a call on 01902 585052.
Loan features:
- 90% LTV – Purchase & Remortgage – same rates & options
- 2, 3 & 5 year Fixed Rate Options
- Nil Product Fee option
- Rates from 4.04% (2 yr Fixed)
- Fees assisted legals on Remortgages
- Loan Amounts £25001-£500k
- Term 5-35 years
- Interest Only & Part & Part available
- England & Wales
- Minimum Val £65k
Criteria features:
- Acceptable Adverse
- CCJ’s – 4 in 36 months (0 in 24, £500+ by referral)
- Defaults – (0 in 24) telecoms, utilities and mail order ignored
- Secured Arrears – 1 in 36 months worst status
- Unsecured Arrears – 1 in 12 months, 2 in 36 months worst status and up to date now
- DMP – Satisfied 24 months ago or more
- Bankruptcy / IVA – Discharged 72 months ago or more
- Age 18-85 (at end of term)
- No minimum income requirement
- No minimum time in employment
- Day 1 self-employed projected income considered with relevant experience
- Zero Hours Contracts accepted and Contracts with less than 3 months left considered
- Second job income taken into account from day 1
- Debt consolidation (Unsecured max £30k)
We are keen to impress so please give us a call with your next complex first mortgage enquiry.
01902 585052
Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status. We may receive commissions that will vary depending on the lender, product, or other permissable factors. The nature of any commission will be confirmed to you before you proceed.
More than 50% of borrowers receive offers better than our representative examples
The %APR rate you will be offered is dependent on your personal circumstances.
Mortgages and Remortgages
Representative example
Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66
Secured / Second Charge Loans
Representative example
Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20
Unsecured Loans
Representative example
Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG
Authorised and regulated by the Financial Conduct Authority – Number 681423The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages
Website www.promisemoney.co.uk