We are delighted to announce the launch of a new range of products, “Residential Extra”, which will offer second charges up to 97.5% LTV, also allowing AVM’s up to 85% LTV.
These products will be available exclusively in our broker portal using the product search facility to return the available rates.
The new range of products will not require a minimum credit score.
Product Highlights:
- Range of credit profiles accepted through our Platinum, Prime Plus, and Prime Products
- No minimum credit score
- AVM’S up to plan maximum loan sizes for Confidence Levels of 6 and up to 85% LTV
- Range of 2,3, and 5 yr fixed rates without ERC’s
- Larger Loan Products range available from 75% LTV and above, allowing AVM’s up to 85% LTV
- 1 year self employed accepted on all plans up to 97.5% LTV
- Uncapped LTI’s for Prime Plus and Prime customers (Capped at 6.5 for Platinum)
- Employed applicants with 1 month employment history considered by referral, subject to 12 months continuous employment history
Additional Eligibility Requirements
- First charge residential mortgage must be with a High Street Lender/Building Society (Challenger Banks Accepted)
- Must have permanent rights to reside in the UK
- Satisfied and Unsatisfied CCJ’s over £10,000 by strict referral only (must also fit plan eligibility rules)
AVM Criteria
- Ex Local Flats Not Accepted
- Non Standard Property Types Not Accepted
Further details are available in our updated product guide dated 4th July.