The applicant(s)
CCJs |
0 in 24* * All CCJs & defaults must be paid prior to the application or must meet the ignore CCJ/default criteria Ignore CCJ/default criteria: <£300 in total & satisfied >12 months prior to application OR registered >24 months whether satisfied or not |
Defaults |
0 in 24* * All CCJs & defaults must be paid prior to the application or must meet the ignore CCJ/default criteria Ignore CCJ/default criteria: <£300 in total & satisfied >12 months prior to application OR registered >24 months whether satisfied or not |
Secured arrears |
0 in last 12 months |
Unsecured arrears |
2 in last 12 months |
Maximum status |
Currently up to date. Previous maximum status ignored |
Communication, utility and mail order |
Performance ignored where the account balance is less than £500 (single or in aggregate) |
Debt management plan |
Not acceptable |
IVA/DRO/bankruptcy |
Not acceptable |
Repossessions |
Not acceptable |
Maximum no. of applicants |
4 |
Contractors considered? |
No minimum income required |
Self-employed considered? |
Trading a minimum of 12 months |
Ages |
18-85. |
The loan
Repayment terms available? |
|
Porting available? |
|
Term |
5-35 years |
Revert rate |
BBR + 4.90% |
Early repayment charges |
Year one: 5% Year two: 4% Year three: 3% Year four: 3% Year five: 3% |
Minimum loan |
£50,000 |
Maximum loan |
£1,000,000 |
Minimum property value |
£75,000 |
The fees and charges
Product fee |
£995 |
Application fee |
£145 |