MEDIUM TO SEVERE ADVERSE CREDIT (examples only - many more plans
available)
For an accurate quotation complete
the form online and submit to us.
Self Cert (Employed & Self Employed) - NO POI, FLEXIBILITY ON
ARREARS & OTHER ADVERSE
LOAN
ADVANCE CRITERIA
COMMISSION
PLAN
APR
%
MONTH
%RATE
MIN
MAX
TERM
(Years)
#STATUS
EQUITY
LTV
SPECIAL
FEATURES
(of gross loan)
*A
8.6
0.7167
50K
75K
10-25
0
70
Employed
& S/Employed no POI
1%
*B
10.85
0.905
15K
25K
10-25
1
70
Employed
& S/Employed no POI
2%
*C
10.85
0.905
25K
100K
10-25
0
70
Employed
& S/Employed no POI
2%
*D
11.85
0.987
15K
50K
10-25
4
70
Employed
& S/Employed no POI
3%
E
18.2
1.2375
10K
100K
10-25
4
70
Employed
& S/Employed no POI
3%
plus 50% of max fee of £3000
*F
13.4
0.82
30K
250K
10-25
unlimited
70
Unlimited
Adverse & No POI
0.5%
plus 50% of max fee of 10% (£4000 max)
*G
15.2
0.93
5K
250K
5-25
unlimited
70
Unlimited
Adverse & No POI
0.5% plus 50% of
max fee of 10% (£4000 max)
*H
20.1
1.47
5K
250K
5-25
unlimited
70
Unlimited
Adverse & No POI
3%
no fee charged
I
15.3
1.062
10K
75K
10-25
2
70
All
defaults ignored- self cert 2 units
2% plus 50% of
max fee of 10% (£3000 max)
J
16.6
1.1458
10K
60K
10-25
6
70
4
mths arrears - self cert
2%
plus 50% of max fee of 10% (£3000 max)
K
18.4
1.229
5K
50K
5-25
8
70
self
cert
2% plus
50% of max fee of 10% (£3000 max)
* With consent from first Mortgage
Lender - can follow most lenders
DRIVE BY VALUATIONS USED WHEREVER POSSIBLE
MOST CCJS > 3 YEARS OLD IGNORED
MOST CCJS AND DEFAULTS < £250 IGNORED
SOME PLANS ALL DEFAULTS IGNORED OTHERS if < 3 YEARS OLD
MOST MORTGAGE ARREARS > 12 MONTHS OLD IGNORED
SINCE ICOB rules of 14.01.05 during
processing, if clients demands and needs are relevant, an optional
single premium payment protection policy may be taken by them. If
they take this option and we arrange it for them, an additional 1%
of the net loan value will be paid to you as the introducer after
the 30 day cancellation period for the insurance has passed (provided
the clients have not cancelled the policy).
NB:no additional commission will be paid for applications
that complete with monthly premium protection policy