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Coventry BS 7.39% Stepped Rate Adverse Mortgage

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Coventry BS Stepped Rate Adverse Mortgage details

Lender:	Coventry BS
Rate:	7.39% until 30/09/2011 5.34% until 30/09/2013 then variable rate (currently 5.24%)
APR:	6.1%
Interest charged:	Daily
Product Type:	Stepped Rate

Mortgage Conditions
Early Redemption Penalty: N.B. If you redeem the new mortgage early you will also be liable to the following additional penalty.	4% of balance repaid until 30/09/2011 plus fee £125
Conditional Insurances:	None
How much can you borrow:	Single Income: 0 times Joint Incomes: 0 times main income plus 0 times second income

Additional Features

Notes:

Scheme is fixed until 30/09/2011 then standard variable rate (currently 5.34%) until 30/09/2013 then privilege rate (currently 5.24%) for term. Lenders acceptance is based upon affordability, the income multiples shown above are for guidance only. Lender charges interest on a daily basis. Maximum 2 payments arrears in last 12 months (1 in last 6 months). Maximum £1000 CCJs, satisfied but none in last 6 months (CCJs registered over 36 months ago are reviewed/considered). IVA or Bankruptcy, discharged / satisfied for at least 12 months. Employment , minimum 12 months (6 months with current employer), Self employed for minimum of 2 years. Fee shown is £199 booking fee (paid on application) plus £800 arrangement (paid on completion). Capital repayments up to 5% allowed each year without penalty.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

These figures are given for illustrative purposes only and do not constitute advice based on your specific circumstances. Before proceeding with any regulated mortgage contract you will be provided with a full Key Facts Illustration which will detail the exact terms, conditions and costs of any particular contract.

Written quotations available on request. All loans subject to status. A life policy or other insurance may be required

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