Self Certification Adverse Credit Fix
7.89% fixed to 31st August 2004

• No income proof required

• CCJs and defaults allowed

• Without extended redemption charges

Finances out of control?

Have late payments led to CCJs, or defaults? Did you know you can clear those debts with a remortgage? It may also surprise you to know that bad credit won't stop you from buying your next house.

So don't let a bad credit history rule your future!

You won't be tied down

This mortgage has a short lock-in period. That means you can swop your mortgage for an even better one when you have established a good track record.

8.7% APR This typical example is based upon a mortgage loan of £90,000, and a completion date of 31st October 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 7.89% (APR 8.7), which is fixed until 31st August 2004. You will be required to make 34 monthly payments of £591.75. The charge rate then reverts to the underlying Standard Variable rate currently 7.24% and you will make 265 monthly payments of £543.00 for the remainder of the mortgage term. The Standard Variable rate is subject to change. The total amount of interest payable is £164,557.50. An arrangement fee of £295.00 will be charged to your account upon completion. The total amount payable is £256,515.50, which includes a standard valuation fee of £259.00, solicitor's fees of £279.00 (representative), Higher Lending Risk Fee of £1,125 and a final repayment of capital at £90,000. An early repayment charge of 6 months interest at the fixed rate will apply if the loan is repaid (other than by the usual monthly repayments) during the fixed rate period, thereafter 1 month's interest. In all cases, interest will be charged up to the end of the month. If the loan is for 75% 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 First National 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 current and correct as at 5th September 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
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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