New fixed rates from Genesis

With four full status products and a choice of three self certification products on offer, the range gives clients the opportunity of mortgage facilities up 90% LTV for full status and up to 85% LTV for self certification, with all types of adverse credit being catered for.

One of the highlights of the range is Apollo 1, a 90% LTV full status product which allows for up to £5,000 of unsatisfied CCJs (none in the last 6 months), all defaults ignored, 2 months arrears in the last 12 months, bankruptcy if cleared 1 year and IVA if satisfied 6 months or more. The rate available for this product is 5.59% fixed until 01.09.2005 and can be utilised for either purchase or remortgage.

All the products revert to LIBOR + a loading for the remaining term of the loan, and they all have the same redemption penalties of 6% year 1, 5% year 2 and 4% in year 3, with 1 months’ interest or notice in lieu thereafter. The arrangement fee is £395 across the range and there is also no higher lending fee payable on any scheme. Capital raising remortgages are also allowed for any legal purpose.