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100% SHARED OWNERSHIP MORTGAGES NO DEPOSIT
MORTGAGES LOWEST RATE 100% ADVERSE CREDIT ALSO CONSIDERED FOR SHARED
OWNERSHIP 95% FROM 5.6% APR NEW BUILD ACCEPTED
SHARED OWNERSHIP PLANS Now available;
Up to 100% of share, with or without adverse credit, lowest rate on
market for this type of mortgage. (Includes New Build houses &
flats, plus restricted staircasing). Rate 9.50% 100% and/or adverse
applications.
THE
100% MORTGAGE IS STILL AVAILABLE FOR
SHARED OWNERSHIP BUT YOU MAY FIND 95% IS A BETTER OPTION THOUGH BY THE TIME FEES ARE
TAKEN INTO ACCOUNT. PLEASE ASK FOR BOTH QUOTES. RATE FOR 95% IS UP TO 4.0% ARP
LOWER
CRITERIA
FOR 100% AND ADVERSE CREDIT SHARED OWNERSHIP MORTGAGES
●
Full affordability
assessment carried out by us before quoting ● Affordability based on basic
income, part overtime and bonus, all of PAYE second job income
considered. and all regular expenditure must meet criteria ● Monthly Tax Credits considered if not more in total than 20% of gross basic
monthly income ● Up to 2 defaults or CCJ in the last 12 months
(none in the last 6 months)
● Older adverse
considered in addition subject to underwriter approval.
● Must be in current job for at least 12 months
(some exceptions may be considered) ● Not available for properties in Scotland ● Self employed not accepted.
Self-cert income not accepted. ● Only CSA or Court Order payments accepted for maintenance
as income. ● New build houses and flats acceptable up to 100% of share (flats restricted to
6 storeys)
C RITERIA
FOR 95% MORTGAGE
● Adverse credit
satisfied over 4 years old my be considered but none since
Your home may be repossessed if you do not keep up repayments on
your mortgage. |