Cutting Edge Fix
5.39% fixed to 1 October 2003

• No income proof required

• First time buyers welcomed

• Funded by Verso, part of the Britannia group.

• Capital raising allowed

Only you know what you can afford

Don't bother proving what you earn - just tell us and we'll believe you. Many self employed people use tax efficient accounting or have out of date accounts. Either way, it can make income difficult to prove. We understand this and won't penalise you for it. And you can borrow up to 85% of the property value.

Capital raising
You can raise capital for business purposes. Or you could use it to consolidate your personal finances and make one simple, lower monthly payment.

6.7% APR This typical example is based upon a mortgage loan of £85,000 and a completion date of 30th November 2001, on an interest only basis to purchase a property valued at £100,000 over 25 years. This mortgage has an initial charge rate of 5.39% (APR 6.7), which is fixed until 1st October 2003. You will be required to make 22 monthly payments of £381.79. The charge rate then reverts to the underlying Bank Base rate, currently 4.50%, plus 1.98%, and you will make 278 monthly payments of £459.00 for the remainder of the mortgage term. The Bank Base rate is subject to change. The total amount of interest payable is £136,001.38. An arrangement fee of £325.00 will be charged to your account upon completion together with a telegraphic transfer fee of £40.00. The total amount payable is £222,946.88, which includes solicitor's fees of £279.00 (representative), standard valuation fee of £259.00, Higher Lending Risk Fee of £1042,50 and a final repayment of capital at £85,000. An early repayment charge of 5% of the amount repaid will apply during the first 3 years if the loan is redeemed, (other than by the usual monthly repayments). In all cases, interest will be charged up to the end of the month. If the loan is for 70% or more of the purchase price or valuation, a one-off risk associated fee will be charged that may be added to the loan. As security the lender takes a first legal charge on the house that is bought or remortgaged. This example assumes that the borrower will have access to funds to repay the loan after 25 years. Written quotations are available on request. All loans are subject to status and valuation approval by Verso and must be secured on a property in England, Wales, Scotland or Northern Ireland. A suitable life assurance policy may be required. Applicants must be aged 21 or over. All figures are correct as at 15th October 2001.
Your home is at risk if you do not keep up repayments on a mortgage or other loans secured on it.

Call Glen now on 0208 563 7575, email glen@4mortgageadvice.co.uk
or fill out our contact form to receive a free, no obligation illustration

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The Mortgage Exchange (London) Ltd
86 Glenthorne Road Hammersmith, London W6 0LP
TEL: 0870 850 7575 FAX: 0870 850 7576

* Your home may be repossessed if you do not keep up payments on your mortgage.
* The Mortgage Exchange (London) Ltd is authorised and regulated by the Financial Services Authority