Lending criteria improvements – Exclusive access to Bad Credit Mortgages up to 90% LTV for first time buyers or movers with previous bad credit history

We have pleasure in confirming that we have access to Kensington Mortgages product enhancements which are now available with as little as 10% deposit:

1. 2 year fixed rate rates available at 5.79% at 90% loan to value (non FTB) & 5.99% at 90% loan to value (FTB)
2. 3 year fixed rate rates available at 6.19% at 90% loan to value (non FTB) & 6.39% at 90% loan to value (FTB)

Do I qualify?

The following is a brief overview of key areas of the lending criteria for this specific product:

• Ignore CCJ / CCJ’s registered over 2 years ago
• Ignore Defaults registered over 2 years ago
• Unfortunately the lender will still not allow a previous IVA or Bankruptcy
• Maximum payment profile of ‘2’ within the last 12 months on any individual unsecured agreement however it must now be showing up to date
• Minimum loan size £25,001 – Maximum loan size £250,000
• Available to both employed & self employed borrowers
• Minimum property value £90,000 (£120,000 for flats)
• New build houses max LTV 75%, new build flats max LTV 65%
• First Time Buyers LTV > 80% then applicant 1 minimum income of at least £35,000 & minimum age at least 25
• Non First Time Buyers LTV > 80% then minimum income of at least £18,000 or £25,000 joint income & minimum age at least 21
• No Child tax credit or working tax credit will be taken as income within the income assessment
  Max age 65
• Maximum term 30 years
• To qualify for LTV > 80%, applicants must have been in continuous employment for 12 months with same employer / self employment

Although Mosaic Mortgages are completely independent and are not tied to any one lender or limited panel of lenders, this particular bad credit mortgage is the only 90% LTV scheme currently available in the entire bad credit mortgage market.

Contact Mosaic Mortgages to discuss your individual circumstances and to see whether you qualify for this exclusive 90% LTV bad credit mortgage scheme or various others that we have access to. (Greater choice with at least 20% deposit)