Richard Stokes, Head of Product Development at TMO comments: “Following the success of the recently launched discount product from Kensington Mortgages, we are delighted to offer a fixed version for applicants wanting certainty of payments.”
Debt Consolidation Self Cert:
- 6.95% fixed to 30/11/05 – reverts to SVR + 2.75%.
- 90% LTV remortgage to £300,000 loan size.
- Funded by Kensington Mortgages (available in England, Wales & Scotland).
- CCJs to £2,000 per applicant OR 2 missed mortgage payments (1 missed in the last 6 months).
- CCJs ignored if: (a) satisfied 12 months; (b) registered 2 years; (c) less than £100.
- IVAs accepted if completed 1 year. Bankrupts accepted if discharged 1 year.
- £99 application fee (includes one valuation up to £600,000 property value). £400 application fee for properties up to £1,500,000 value. No application fee in Scotland – applicant to arrange their own valuation report.
- No higher lending charge.
- 7/6/5% of the amount repaid in the first 3 years.
- Procuration fee 0.5% (£2,500 maximum).
