View more on these topics

Coventry launches sub-prime range with PMS

Coventry has launched a new sub-prime product range through Premier Mortgage Service, available online only.

Members of PMS can now take advantage of a portfolio of three-year fixed rates for their client on full status and self-cert products in the Coventrys near prime, extra light and light ranges.

Fixed rates start at 5.85% for up to 90% LTV, 3.6 x income, no early repayment charges and no up-front fees.

John Malone, managing director of PMS, says: “We are grateful to the Coventry who has created this range of exclusive products.

“The competitive attributes of this offering will prove hugely beneficial to our database of intermediaries.

Colin Franklin, executive head of sales of intermediaries at Coventry, says: We are delighted to offer this exclusive through PMS.

“The products are available direct to PMSs wide membership base and our online system makes it easy to apply.

Recommended

TMW sub-prime foray to impact other lenders

All Types of Mortgages warns that The Mortgage Works’ entry into the sub-prime market will increase pressure on other lenders. TMW recently revealed it will be entering into the sub-prime market in 2007.Dale Jannels, sales and marketing director of AToM, one of the three packagers included in TMWs pilot scheme, says: TMWs stated commitment to […]

HSBC launches green sale

HSBC has launched a new five-year fixed rate mortgage at 5.17% as part of its green sale. The product has a maximum LTV of 90% and is available to new and existing customers.The bank has linked with a number of environmental charities to launch the HSBC green sale. For every sale product sold, HSBC will […]

Hometrack appoints new CEO

Hometrack, the housing information business, has appointed Simon Allen as its new chief executive officer. Allen has spent the last seven years of his career at Capital One where he held the position of vice president of international operations. A graduate of Bristol University and Harvard Business School, Allens career has been spent largely in […]

Moneyfacts calls for sub-prime transparency in 2007

Moneyfacts has predicted a blooming sub-prime market in 2007, but warns that customers need clearer classifications in order for them to embrace the products.The predictions, made by a panel of moneyfacts experts, forecast more lenders entering the growing sub-prime market in 2007.The panel also predicts a further rate rise in 2007, with 80% anticipating this […]

Newsletter

News and expert analysis straight to your inbox

Sign up