Limited near prime mortgage – free valuations and no product fees
Free valuations and no product fees
New Limited near prime mortgage – free valuations and no product fees. Have you seen the latest from Pepper?
We think it’s really great – especially if you have a potential case on your desk now.
Here’s an overview
Residential re-mortgages:
- Free Valuations on 2 & 5 year fixed rate products
- £0 completion fee on 2 year fixed product
- Free standard legals on all re-mortgages
- DMP’s accepted
- Other reduced rates on selected products in Residential range
- Capital Raising/Debt Consolidation to max LTV
- Let to Buy – no additional rules
- Rates from 2.90%
- 100% cash gifted deposit considered
Buy to Let mortgages
- 5 year fixed rate 75% LTV product at 3.30% with £1,995 flat fee
- Rates from 3.28% on 5 year fixed for customers with ccjs or defaults 48 months ago
- BTL landlords with existing portfolios not penalised on affordability check
- No limit on CCJ’s/don’t have to be satisfied (0 in last 6 months)
- Interest Only all products
- Minimum earned Income £18k – can be combined of both applicants
Promise can package cases for you on these terms so please give the team a call on 01902 275297
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