Borrowers with sub-prime mortgage arrears are being targeted with a product from Bananas Inc.The product, which is funded by High Street Home Loans, will lend up to 85% LTV to people with arrears of any amount and offers three-year fixed rates from 7.29% and free legal services. It comes with loadings for self-cert and is suitable for purchase and remortgage. There is no higher lending charge and no extended tie-in. An early repayment charge of 6% applies. Sue Cox, business manager at Bananas Inc, says: “This gives people with arrears the chance to restore their standing and buy their next home.” David Mead, director at Flexible-mortgage.net, says this deal could allow borrowers to get back on their feet. He says “People can get into financial difficulties for many reasons and this type of product gives them a chance to stabilise their situation.”
Bristol & West Mortgages has refreshed its look to reflect the improvements which have been made to its products and services.The new look retains some elements of the previous brand but has beenrefreshed, updated and made more contemporary. The style also introduces a slightly amended logo.The intermediary lender has undergone significant change over the past […]
The World Cup is in full swing in Germany but closer to home, as Arsenal sets the pace in the redevelopment league, buyers should ponder the benefits of living near football stadia, says Barney McCarthy
Blemain Finance has participated in the c2-financial weekly web cast.
Two senior staff members of UKValuation, a subsidiary of Countrywide Financial Corp, have jumped ship to join rival automated valuations company Hometrack.The provider of automated valuations revealed earlier this week that chief executive officer Graeme Winser and sales director Guy Weightman recently resigned. It has now emerged that both men have joined Hometrack, UKValuation’s biggest […]
Fiona Tait takes a closer look at the Department for Work & Pensions’ forthcoming review of automatic enrolment In December, pensions minister Richard Harrington announced the scope of the DWP’s forthcoming review of automatic enrolment (AE). The review will look at AE coverage, as well as the current thresholds and age criteria. In other words: […]
News and expert analysis straight to your inboxSign up