Leicester-based IMB has unveiled three major exclusive additions to its dynamic range of Liberator mortgages to cater for minor adverse, self-certification and buy-to-let clients.
The company, one of the leading specialist mortgage packagers in the Midlands, launched its Liberator range in March. All Liberator products are designed to cater for the long-term financial needs of consumers and offer the highest levels of transparency.
From today, its intermediary partners will receive details of the new deals it and other members of the Regulatory Alliance of Mortgage Packagers has brokered with Platform and TMB.
Key features include:
Minor adverse: a LIBOR interest rate starting at 4.25%, which offers a maximum loan of 75%. Maximum CCJs allowed are for £1,000 in total, while total arrears should not exceed one month in the last 12. The product is funded by Platform.
Self-certification: offering a three-year bank base rate tracker plus .80%; after the end of the third year the loan reverts to an interest rate of 1.75% over base rate. A maximum LTV of 85% is allowed. Funding is provided by TMB.
Buy-to-let: like its self-certification cousin, this deal offers a three-year bank base rate tracker plus .80%; after the end of the third year the loan reverts to an interest rate of 1.95% over base rate. A maximum LTV of 85% is allowed. Funding is provided by TMB.
A cashback of £650 is available on all three deals.
Wendy Peace, director of IMB, says: “These new products represent great value to brokers and their clients.
“The company is always seeking ways of adding value to the relationship it enjoys with its advisers and their clients. The launch of these products is a great example of this commitment in action.
“IMB is in negotiations with other products providers in order to obtain more market-leading exclusives. We will soon be in a position to offer other innovative products to our intermediary supporters.”