6 'n' 6
This product has been designed as the ultimate credit repair solution allowing the borrower to get back on their feet in the shortest and most cost efficient manner possible.
A loan term under this program will allow the loan history required to qualify for a more traditional product at the end of the twelve month mortgage. It may also be used as a viable alternative to a bridging facility at a fraction of the cost as there are no break costs payable if the mortgage is repaid at any time within the first six months.
Product advantages include:
- Highly competitive interest rate and fees.
- The ability to retire the mortgage at any time within the first six months or at the end of the twelve month loan term with no early break costs.
- The interest rate and fees are not affected by credit issues or loan arrears.
- CRAA issues – acceptable with a satisfactory explanation.
- Loan arrears - acceptable with a satisfactory explanation.
